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Ether price holds $1,820, but pro traders are skeptical about further gains

Worsening macroeconomic conditions have driven cryptocurrencies’ positive momentum in 2023, including the ongoing banking crisis. According to Arthur Hayes, former CEO of crypto derivatives exchange BitMEX, if the government refuses to bail out First Republic Bank (NYSE:FRC), it could set off a dangerous chain reaction of insolvencies.

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Source: Cryptocurrency - investing.com

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