Things you should know Bitcoin Price Jumps 21% in 24 Hours, traders above $24K.

all investors notice recently that Bitcoin Price Jumps 21%, The price of bitcoin, the world’s largest cryptocurrency, went above $24,000 on Monday after two banks failed last week and broader concerns about the U.S. banking system emerged.

The price of bitcoin, the world’s largest cryptocurrency, went above $24,000 on Monday after two banks failed last week and broader concerns about the U.S. banking system emerged.

The price jump occurred after Silicon Valley Bank and Signature Bank closed. The latter, a New York regional bank, was a major crypto-lending institution.

However, late Sunday, the U.S. Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. announced it would backstop all Silicon Valley Bank and Signature Bank depositors both insured and uninsured and make funding available to other banks to prevent more failures world wild.

Ethereum, the second-biggest cryptocurrency, was up to about $1,700, a 15% increase.