Bitcoin and Ether led a strong price rebound in the top 10 non-stablecoin cryptocurrencies in morning trading in Asia as U.S. banking regulators took control of Silicon Valley Bank and Signature Bank, both with ties to the crypto industry, and guaranteed deposits at the institutions as well as additional backstops for the banking industry. The moves followed the failure of Silvergate Capital last week that raised the threat of a systemic run on banks. Solana led the gains.
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