“Bitcoin” surges 13% to over $24,000 after stocks of US crypto companies rebound. Responding to measures to protect deposits
bitcoin cryptocurrency value price fall drop. Stock market trading graph business with red arrow concept banner background 3d illustration (TradingView charts)
On March 13, 2566, Bloomberg News reported that the price of Bitcoin jumped 13%, the biggest one-day gain since the price fluctuated during the November 2565 market turmoil, and Crypto company stocks surged following moves by US authorities to stem the spread of concerns about the state of the country's financial system.
Rising crypto prices helped extend the biggest cryptocurrency recovery from its worst week in four months, which saw a selloff in stocks. Jitters in the banking sector and the intensifying US regulatory crackdown on cryptocurrencies.
Stablecoin USDC is once again trading at par with the dollar after depegging last week. There was a positive sign from Binance's announcement that it would convert its remaining $1 billion stablecoin fund from its Industrial Stability Fund into Bitcoin, Ether and BNB tokens.
Bitcoin jumped 13% to $24,234 as of 17.00:10 p.m. in New York, the biggest gain since November 1, when the collapse of FTX rocked the market. over the past weekend The US agency is committed to fully protecting the money of all depositors. Following the collapse of Silicon Valley Bank, the bank's UK branch was sold to HSBC Holdings Plc for £XNUMX on Monday morning.
Meanwhile, Signature Bank is one of the most prominent US crypto-friendly banks. It was shut down by New York State financial regulators on Sunday. But funds are still accessible to depositors. Bank shutdown leaves crypto market in turmoil
