Business

Bitcoin pops and continues 2023 gains as banking sector struggles with SVB failure

By Zach Halaschak
Published March 17, 2023 4:02am ET
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Bitcoin pops and continues 2023 gains as banking sector struggles with SVB failure
Homeless people camping in downtown in Los Angeles.


Bitcoin and other cryptocurrencies had the opposite reaction to the news of Silicon Valley Bank’s collapse than traditional stocks: They actually rose.

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Bitcoin Cryptocurrency Finance Investment Money Silicon Valley Bank Stocks and Bonds Wall Street