First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
Ether also regained ground to change hands at $1,614, up 9.6% from Saturday, same time. Other major cryptocurrencies that were hard-stricken last week as the impact on the crypto industry from SIVB’s collapse became apparent also rebounded over the weekend with their main surge coming on Sunday. APT, the token of layer 1 protocol Aptos, and ADA, the native crypto of Ethereum rival Cardano were up more than 13% and 11%, respectively. The CoinDesk Market Index, a measure of overall market performance, was down almost 10%.
Source: CoinDesk
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Text source: Crypto Breaking News
