Bitcoin (BTC) has shown remarkable resilience amidst the recent banking crisis, as the cryptocurrency’s value has continued to rise despite the economic turmoil. Since the onset of the crisis on March 10, Bitcoin has surged over 40%, with investors flocking to the digital asset as a safe-haven store of value.

Amid the crisis, the United States was seeing the development of the greatest bank collapse since the global financial crisis, as a key lender to the technology sector, Silicon Valley Bank, faced a bank run. When authorities stepped in to take control, customers frantically withdrew their money from the California-based lender.

Around the time of the bank collapse, BTC was trading at $19,669. Despite the recent news of banking contagion with two more banks, Bitcoin is currently trading at $28,249, up 3.46% in the last 24 hours and 26.32% across the week. From the beginning of the banking crisis, the price of Bitcoin has increased by more than 43% since it was at its lowest point on March 10.