On Monday, the US Federal Reserve's Vice Chair for Supervision, Michael S. Barr, spoke about the need for banks to be resilient to unanticipated risks, citing the recent regional banking crisis that affected several small banks in the United States.

Barr proposed changes to how liquidity is supervised, and how interest rate risk and incentive compensation are regulated, in light of the recent bank runs.

The Bitcoin price showed volatile movement in response to Barr's remarks, with the top cryptocurrency potentially picking up further following the proposed changes. Barr also proposed changes to the way the risk of loss from movements in market prices is measured.