It’s been a no-good, very bad weekend for the U.S. banking sector, but you wouldn’t guess it looking at crypto markets. The global crypto market capitalization rose 15% in the past day, back above $1 trillion for the first time since Wednesday’s news that Silvergate Bank was winding down. Bitcoin soared past $24,000, after dropping below $20,000 on Friday, and is on pace to hit a high not seen since last June.
For now, investors are shunning banks for Bitcoin.
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