Bitcoin Jumps 10% Amidst Banking Collapse

Breaking News
Written By Keegan King

Bitcoin has jumped over 10% in price since several banks, including Silvergate, Silicon Valley Bank, and Signature Bank, collapsed over the last week. Unfortunately, many web3 businesses were affected by this collapse, causing many cryptocurrencies to suddenly drop in price. 

However, bitcoin seems to be having the opposite effect with its price soaring as investors begin to recognize bitcoin’s purpose of self-custody being realized; but will this cause a stronger bull run for bitcoin? It’s hard to tell, but the number of Eth maxis taking a closer look at BTC is something to keep watching as details of Silicon Valley Bank’s collapse continues to unfold.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
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