<br><div data-test-id="content-container"><p><figure class="getty-figure" data-type="getty-image"> <picture> <img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w750" alt="Bitcoin Cryptocurrency concept" data-id="1310263594" data-type="getty-image" width="8500px" height="4850px" srcset="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1310263594/image_1310263594.jpg?io=getty-c-w240 240w" sizes="(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px"/> </picture> <figcaption class="caption" data-type="getty-image"><p>Olemedia/E+ through Getty Pictures</p></figcaption> </figure></p> <p>Bitcoin (<a target="_blank" href="https://seekingalpha.com/symbol/BTC-USD" title="Bitcoin USD" rel="noopener">BTC-USD</a>) logged its largest intraday climb since about one month in the past, hovering as a lot as <span class="green">16.4%</span> in Monday afternoon buying and selling, as merchants praised U.S. authorities' actions to <a target="_blank" href="https://seekingalpha.com/news/3946686-federal-reserve-creates-lending-facility-for-banks-after-silicon-valley-bank-failure" rel="noopener">stem contagion effects</a> from the<span class="paywall-full-content invisible"> collapse of Silicon Valley Financial institution. </span></p> <p class="paywall-full-content invisible">The world's largest token by market cap (<a target="_blank" href="https://seekingalpha.com/symbol/BTC-USD" title="Bitcoin USD" rel="noopener">BTC-USD</a>) drove up <span class="green">13.5%</span> to $24.39K at 4:13 p.m. ET, buoyed by a large quantity of quick liquidations. The upswing <a target="_blank" href="https://seekingalpha.com/news/3946887-bitcoin-crosses-23k-on-improved-risk-appetite-as-regulators-move-to-contain-svb-crisis" rel="noopener">helped pull up</a> a raft of crypto-related shares.</p> <p class="paywall-full-content invisible">Merchants coated $172M price of bitcoin positions through the session, based on <a target="_blank" href="https://www.coinglass.com/LiquidationData" rel="noopener">data</a> from Coinglass, marking the biggest one-day quick liquidation since Jan. 19. </p> <p class="paywall-full-content invisible">Federal regulators' <a target="_blank" href="https://seekingalpha.com/news/3946688-silicon-valley-bank-depositors-to-have-access-to-all-funds-on-monday-signature-bank-shuttered" rel="noopener">announcement</a> that "from at the moment all depositors at Silicon Valley Financial institution (<a target="_blank" href="https://seekingalpha.com/symbol/SVB" title="SVB Financial Group" rel="noopener">SVB</a>) may have entry to all their cash reassures each conventional and crypto markets," stated Bradley Duke, co-CEO at digital asset funding agency ETC Group. </p> <p class="paywall-full-content invisible">"Moreover, it signifies that Circle, the issuer of the favored Stablecoin USDC (<a target="_blank" href="https://seekingalpha.com/symbol/USDC-USD" title="USCoin USD" rel="noopener">USDC-USD</a>), which holds a part of the USD backing the coin at SVB, is now out of the woods, which is a large constructive for the crypto world,” he added. Circle's USDC de-pegged from the U.S. greenback on Saturday after disclosing <a target="_blank" href="https://seekingalpha.com/news/3946653-usd-coin-loses-peg-to-dollar-after-disclosure-of-reserves-at-silicon-valley-bank" rel="noopener">8% of USDC reserves</a> stay at SVB. </p> <p class="paywall-full-content invisible">On Saturday, bitcoin (<a target="_blank" href="https://seekingalpha.com/symbol/BTC-USD" title="Bitcoin USD" rel="noopener">BTC-USD</a>) recovered to $20K after <a target="_blank" href="https://seekingalpha.com/news/3946656-bitcoin-recovers-to-20k-after-hitting-two-month-low" rel="noopener">hitting a two-month low.</a> </p></div>