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Silicon Valley Bank Crisis a 'Cyprus Moment' for Bitcoin: Crypto Observers

The Fed's aggressive rate hikes and balance sheet reduction have caused an historic bank failure, fashioning a real-time ad for bitcoin self-custody, observers said.

Bitcoin has risen over 15% since regulators shut down Silicon Valley Bank. (CoinDesk/Highcharts.com)
Bitcoin has risen over 15% since regulators shut down Silicon Valley Bank. (CoinDesk/Highcharts.com)