SVB Collapse: Bitcoin Emerges as Big Winner

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The Street

By Luc Olinga Cryptocurrency prices have gained almost 27% since the collapse of Silicon Valley Bank. The banking crisis caused by the collapse of Silicon Valley Bank continues to worry investors. Since regulators shut down the California bank, which primarily catered to startups and venture capital firms, all eyes have turned to other regional banks. Then there’s the crisis across the Atlantic Ocean: Investor mistrust revolves around Credit Suisse, the Swiss bank weakened by a series of scandals over the past three years. In Europe, the Swiss National Bank, the central bank, granted a loan of…

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