Bitcoin Surges Amid Bank Turmoil and Futures Interest High.

Bitcoin climbed to a nine-month high of $28,567, up 0.9%, as turmoil in the banking sector drives some investors to turn to digital assets. The cryptocurrency rose 26% last week, its best weekly gain since April 2019, and has soared some 40% in 10 days as turmoil in the banking sector rippled around the globe. Top central banks moved on Sunday to bolster the flow of cash around the world, faced with the risk of a fast-moving loss of confidence in the stability of the financial system. Other market players predicted that bitcoin would benefit from central bank efforts to bolster liquidity in the global financial system.