The fed and the fdic bailout crypto (for the time being). Bitcoin goes parabolic, short end yeilds collapse in hope at extended bailouts and rate pause.

There was probably not going to be a major bank run on the Silicon Valley Bank collapse, what did occur and it should really not be that surprising, the depositors over 250K made a case that they are all to be insured for the collapse, otherwise there would be an 'investor' bank run.  Which means, write-downs to the people who invest, and that is the risk when gambling with large amounts of money, you will, in most cases than not, lose money.  All Americans that had money with SVB (as savers) under $250K were going to get their money back.  Anyone over that amount: investors, venture capitalists', Crypto/tech start ups, Crypto funds, bond holders were not going to be 100% guaranteed.  Well, the Fed and the FDIC just wrote a blank cheque to everyone connected with SVB and the Crypto bank 'Signature'.   This, as mentioned in my post, is essentially a bailout of crypto, the unregulated, energy gobbling, asset worthless speculation trade.  Hence, and you can't make this up, Bitcoin shot up over 20% on news that crypto holders now have 100% protection of their assets.

However, the entangled mess remains, and it has to be asked; how long does the Fed and FDIC extend to complete guarantees of collateralized debt connected to the crypto markets?  And the many banks that fund them?  This could be a bailout with no end, hence Quantitive Easing in a time of inflation may have been inadvertently activated.  

Note with above Chart with price notes and analysis,  showing the extraordinary spike in Bitcoin after the Fed's and FDIC underwrite.   Also note the the collapse in the 2 YR and 10 YR yield, with markets pricing in a Fed pause in rate increases and continued bank bailouts.