- Metropolitan Capital Bank closure, asset transfer to FDIC, market impacts.
- Bitcoin declines sharply with $800M in liquidations.
- Gold and silver experience historic one-day plunges.
Metropolitan Capital Bank & Trust, a Chicago-based institution with $261 million in assets, was shut down by Illinois regulators, leading to chaos in gold, silver, and Bitcoin markets.
The bank’s closure signals potential instability amid leverage unwinds, affecting Bitcoin and other risk assets, amplifying market uncertainties with significant financial repercussions.
Illinois regulators have shut down Metropolitan Capital Bank & Trust, citing unsafe conditions. The bank, based in Chicago, held $261 million in assets, now transferred to the FDIC’s control. This marks the first U.S. bank collapse in 2026.
Bitcoin experienced a sharp decline, falling to the mid-$70,000s. This drop stemmed from $800 million in derivatives liquidations during a liquidity-strained weekend. According to a report on US Bank Collapse of 2026 Fuels Gold, Silver, Bitcoin Market Chaos, the chaos contributed to unprecedented market reactions. Concurrently, gold and silver saw major one-day losses.
The U.S. government’s partial shutdown has injected further uncertainty into the markets, influencing financial shifts. Analysts highlight potential shifts in monetary policy impacting risk assets like Bitcoin, as seen in previous macroeconomic downturns.
Experts note the link between Bitcoin’s performance and U.S. monetary policies, reflecting broader financial market trends. Meanwhile, news on the Illinois bank’s failure raises concerns over possible domino effects across industries and financial sectors.
