Bitcoin pulls back to start May as First Republic Bank saga comes to an end

Bitcoin started off the month of May with a pullback, as the saga between First Republic Bank and cryptocurrency exchanges came to an end.

The bank had been blocking transactions from exchanges, but after a series of negotiations, they have agreed to allow customers to buy and sell cryptocurrencies again.

The news was welcomed by the crypto community, who had been facing difficulties in making transactions since the bank’s decision to block them.

Understanding the Impact of the First Republic Bank Saga

The saga between First Republic Bank and cryptocurrency exchanges had a significant impact on the industry.

The decision by the bank to block transactions from exchanges had caused a lot of disruption, resulting in a drop in the price of Bitcoin.

However, the resolution of the issue has allowed the industry to move forward, and the market is slowly recovering.

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