Silicon Valley Bank (SVB) failed on March 10, and since then the price of bitcoin (BTC) has been on a tear. In the early hours of March 10, bitcoin was trading around $19,600. It whipsawed just above and below $20,000 until around 12 p.m. ET when it was announced that SVB was going into FDIC receivership. At that point, bitcoin shed $200 to dip below $20,000, jumped around a bit and spent most of the weekend trading above $20,000. By Monday, March 13 at 9:30 a.m. ET it was trading at $22,386....