SVB Bank Collapses, Bitcoin Price Surges
The collapse of SVB Bank causes a spike in crypto 24 hour prices , by as much as 14 %
The collapse of SVB Bank and the subsequent spike in crypto prices over the past 24 hours has created a chaotic atmosphere in the financial sector. The sudden and unexpected failure of SVB Bank has sent shockwaves across the market, leaving many investors scrambling to make sense of the situation.
At the same time, the sudden surge in crypto prices has resulted in an influx of capital into the crypto market, leading to an increase in trading activity. This sudden change in market conditions has left many investors uncertain about the future, as the effects of these two events on the global economy remain to be seen.
How big was SVB Bank?
SVB bank was the 16th largest bank before it’s collapse an March 10, 2023.
When was SVB Bank started?
SVB Bank came into operation in 1983.
How large was the SVB Bank collapse?
SVB Bank collapse was the 2nd biggest US bank collapse ever.