Bitcoin (BTC) rose back above $22,000 on Monday, as the U.S. Treasury confirmed it will backstop depositors’ funds.
This will be for both Silicon Valley Bank and Signature Bank, which become the second and third biggest banking failures in U.S. history.
Following a low of $20,475.60 on Sunday, BTC/USD surged to an intraday high of $22,728.52 to start the week.
