Bitcoin's Rise Amidst Banking System Shocks and Interest in Self-Custody Startups.

Bitcoin has risen 21% this month, while the S&P 500 has lost 1.4% and gold has gained 8%, making it look like a safe haven amidst the current banking crisis. Bitcoin's 30-day correlation with the S&P 500 has slid to negative 0.12 over the past week, indicating that the two assets are moving in opposite directions. The cryptocurrency's allure hasn't all been about safety, as the rapid price rise has forced some short-sellers to cut their bets and buy coin back. Nonetheless, bitcoin is resurgent, commanding nearly 43% of the total crypto market, its highest share since last June.