Bitcoin is on an absolute tear, currently trading at 9-month highs and up 30% in the past seven days. The rally kicked off after the USDC turmoil subsided, and continued throughout the week despite ongoing stress in the banking sector and uncertainty around this week’s Fed meeting.

Today, the Kaiko Research team presents a post-mortem of the mass chaos crypto markets experienced amid SVB’s collapse.

Markets are steady to start the week after a volatile Friday in reaction to the closure of SEN, Silvergate’s instant payment network.

Crypto markets continued to soar despite another week packed with regulatory punches. Last week, the SEC formally charged Terra founder Do Kwon, alleging a “multi-billion dollar fraud” against investors in the UST stablecoin and LUNA.