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HomeInvestmentPacWest Bank plummets 50%! How will Bitcoin react? By Cointelegraph

PacWest Bank plummets 50%! How will Bitcoin react? By Cointelegraph


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Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.

PacWest Bancorp’s 50% price decline and the ongoing banking crisis are the first topics of this week’s show. The bank holds $40 billion in assets, although 80% of its lending portfolio has been assigned to commercial real estate loans and residential mortgages. The issue? As usual, rising interest rates. Meanwhile, the total underwater bond position of United States banks is $600 billion, not including derivatives.

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This story originally appeared on Investing

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