24/7 Cryptocurrency News

Bitcoin Bull Run Incoming? Regulators Look To Curb SVB Led Contagion

Bitcoin News: Sources suggest that regulators would step in to build a backstop for uninsured depositors for the SVB.
Published by
Bitcoin Bull Run Incoming? Regulators Look To Curb SVB Led Contagion

Bitcoin News: The global digital asset market registered a broad recovery on Monday as the United States Financial regulatory agencies came to the rescue Silicon Valley Bank led crisis. The digital asset market regained the $1 trillion mark as Bitcoin (BTC), the world’s largest crypto registered a surge of over 9% in the last 24 hours, unaffected by the spread of SVB contagion.

Advertisement

Regulators To Rescue SVB?

As per reports, Financial regulators are looking into the deepening crisis sparked by the collapse of Silicon Valley Bank. Sources suggest that regulators would step in to build a backstop for uninsured depositors for the SVB. This will require authorization from the Federal Deposit Insurance Act. However, the Fed could also take extraordinary action in order to curb the fear.

This can be termed a positive move by the financial institutions that can push confidence in the several regional banks and other institutions. However, the regulators can add up a new step in the process. As reported this could be a “general banking facility’ pushed by the Federal Reserve to support other institutions with direct exposure to the collapsed Silicon Valley Bank. Read More Bitcoin News Here…

The report highlights that this measure might be necessary if the Federal Deposit Insurance Corporation (FDIC) is unable to find out a buyer for the SVB.

HSBC Buys Out Troubled Silicon Valley Bank UK| Read More Here

Coingape reported that JPMorgan Chase & Co., PNC Financial Services, Morgan Stanley, and Apollo Management are in the huddle to acquire troubled SVB Financial Group. Meanwhile, the troubled Silicon Valley Bank has been left out of the offered acquisition deal.

Bitcoin price dropped heavily to trade around the $20.6 level on Sunday. As the Financial regulators came in to rescue, Bitcoin price surged by a massive 9% on Monday and helping it to regain the $22k price level. BTC is trading at an average price of $22,082, at the press time.

Ripple Funds Stuck In Collapsed Silicon Valley Bank? Garlinghouse Replies

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%

VanEck has formally registered its VanEck Lido Staked Ethereum ETF in Delaware. If approved, this…

October 3, 2025
  • 24/7 Cryptocurrency News

Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks

Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share…

October 3, 2025
  • 24/7 Cryptocurrency News

Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury

Australia’s Fitell Corporation has purchased 216.8 million PUMP tokens for $1.5 million. The Nasdaq-listed company…

October 3, 2025
  • 24/7 Cryptocurrency News

FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading

FG Nexus has announced that it will allow shareholders to convert common stock into tokenized…

October 2, 2025
  • Bitcoin News

Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000

JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving…

October 2, 2025
  • 24/7 Cryptocurrency News

Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand

Derivatives exchange CME Group has announced plans to begin offering 247/7  crypto futures and options…

October 2, 2025