Bitcoin jumps as much as 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors

Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the bank’s U.K. arm.

Source: Bitcoin jumps as much as 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors