Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes.

Data from Cointelegraph Markets Pro and TradingView followed as it briefly reclaimed the psychological line in the sand, capping 11% gains versus its local lows from April 24.

The pair continued to respond positively to the rapidly-evolving next chapter of the U.S. banking crisis. This centered around First Republic Bank, which revealed a $100 billion reduction in deposits this week.

The U.S. government was reportedly uninterested in intervening on the day, according to a source cited by CNBC, as the bank’s stock, FRC, opened down another 22% before being halted for volatility. Weekly stock price losses thus totaled over 50%.

(by William Suberg)