Bitcoin jumps as considerably as 10% with crypto current market topping $1 trillion as U.S. generates backstop for SVB depositors

Bitcoin jumps as considerably as 10% with crypto current market topping trillion as U.S. generates backstop for SVB depositors

Important Details

Cryptocurrencies rallied on Monday as the U.S. authorities moved to secure depositors of the collapsed Silicon Valley Lender and HSBC bought the bank’s U.K. arm.
Bitcoin rose 10% at 3 a.m ET to $22,560.20, its maximum degree in 10 days.
The U.S. Treasury, Federal Reserve and Federal Deposit Insurance Company stated Sunday that depositors of SVB will have obtain to all of their money commencing Monday.
HSBC said it experienced agreed to receive the U.K. arm of SVB for £1 ($1.21).
The U.K. Treasury said Monday that “no taxpayer revenue is concerned, and customer deposits have been shielded.”

Supply

Finance

Stocks making the biggest moves after hours: Intel, SAP, Boyd Gaming, MaxLinear and more

April 23, 2026

Check out the companies making headlines after the bell : Intel — Shares soared 15% after the chipmaker posted first-quarter earnings that beat Wall Street’s expectations. Intel posted adjusted earnings of 29 cents per share on revenue of $13.58 billion, while analysts polled by LSEG had expected it to earn 1 cent per share on […]

Finance

NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

April 23, 2026

Key Points In a social media video filmed outside Ken Griffin’s residence, New York City Mayor Zohran Mamdani unveiled a new pied-à-terre tax. Citadel denounced the mayor’s move with Chief Operating Officer Gerald Beeson saying in an internal memo that targeting Griffin showed “ignorance and disdain” toward contributors to the city’s economy. “It is shameful […]

Finance

Stocks making the biggest moves midday: Texas Instruments, United Rentals, Wex, Penn Entertainment & more

April 23, 2026

Check out the companies making the biggest moves midday: Texas Instruments — The semiconductor stock soared 19% after the company forecast that its current-quarter earnings would come in the range of $1.77 to $2.05 per share, versus the $1.57 consensus, according to LSEG. Similarly, it sees its revenue coming in between $5 billion to $5.4 […]