Bitcoin hits nine-month high as investors unfazed by SVB fallout

While bank shares across Ireland and wider Europe fell sharply as the collapse of SVB materialised, Bitcoin climbed to a nine-month high of over €24,700

Crypto investors have been largely unfazed by the collapse of SVB and Signature Bank last weekend, despite their roles as banking partners for a number of large crypto firms. Photographer: Al Drago/Bloomberg

Bitcoin hit a nine-month high on Tuesday, climbing by over 30% since Friday in what analysts have called "growing optimism" among leading cryptocurrencies.

In the past four days, Bitcoin has reached over $26,488 (€24,711) despite turmoil across global financial markets following the collapse of Silicon Valley Bank.