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

Bitcoin ( $78,294.00 ) 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. Prices have risen over 25% since then, reaching a nine-month high of $26,501 on Tuesday, CoinDesk data show.