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Fortune

Marco Quiroz-Gutierrez

Bitcoin soars past $28,000 to hit its highest point in 9 months as investors get spooked by the banking sector struggles

Bitcoin Crypto Credit Suisse Silicon Valley Bank UBS

(Credit: Photo Illustration by Fortune)

As the banking sector continues to look fragile after Silicon Valley Bank’s collapse, a flurry of investors have pushed Bitcoin to its highest price in nine months.

The leading cryptocurrency pushed through the $28,000 mark on Sunday, hitting $28,527 before paring back gains. Bitcoin was trading up 2.5% over the past day at just under $28,000 on Monday morning, according to CoinMarketCap.

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