Bitcoin passes $24,000 as crypto prices soar amid bank jitters

Cryptocurrency prices extended gains Monday, lifted over the weekend as investors assessed the fallout from the collapse of Silicon Valley Bank and crypto-friendly Signature Bank alongside a commitment by federal regulators to backstop depositors at both institutions and across the banking system.

Bitcoin BTCUSD was up 18.34% at $24,417 over the past 24 hours, according to CoinDesk data. Ether ETHE was trading at $1,690, up 14.87% in the past 24 hours, according to CoinDesk.

“Bitcoin…