Bitcoin’s price jumped in a broad-based rally for cryptocurrencies Monday, after US regulators stepped in to bail out customers with money in Silicon Valley Bank.
Bitcoin’s price jumped in a broad-based rally for cryptocurrencies Monday, after US regulators stepped in to bail out customers with money in Silicon Valley Bank.
Cryptos were staging a comeback from recent losses after US regulators said Sunday they would “fully protect” depositors with funds in the banks
Bitcoin, the largest cryptocurrency, rose 7.3% to $22,108 in the 24 hours to 6:30 a.m. ET, while ether gained 7.2% to $1,582, according to CoinMarketCap data. Prices stepped higher across the board, with USD Coin (USDC) up 2.6%, cardano adding 8.01%, and solana up 5.
