Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows

Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows

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Bitcoin picked up a strong bid near $19,600 late Friday after Silicon Valley Bank, formerly one of the top 20 lenders in the U.S., shut operations. Bitcoin’s price has risen over 25% since then, reaching a nine-month high of $26,501 on Tuesday, CoinDesk data shows.

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