Bitcoin surged 9.2% to $27,359 on Friday, adding $2,309 to its previous close.
Bitcoin, the world’s biggest and best-known cryptocurrency, is up 65.9% from the year’s low of $16,496 on Jan. 1.
Ether , the coin linked to the ethereum blockchain network, rose 5.5% to $1,768.5 on Friday, adding $91.6 to its previous close.
U.S. equities, on the other hand, fell under pressure, with bank stocks at the center of the decline as the difficulties facing First Republic indicate that the banking concern extends far beyond just the crypto-focused institutions like Silvergate and Silicon Valley Bank, which have been in the headlines in recent weeks.
At the close of markets, the S&P, Dow and Nasdaq all finished in the red, down 1.10%, 1.19%, and 0.74%, respectively.
