The price of bitcoin rose above $21,400 after the Washington Post reported that U.S. federal authorities are considering safeguarding uninsured deposits at Silicon Valley Bank should a buyer not be found for the institution, which collapsed last week following a $42 billion bank run. Roughly 85% of SVB depositors held money in accounts that were not FDIC-insured, meaning that without federal action or an outright purchase of the bank those funds could be irretrievable. Seeking to avoid a panic in the financial system, officials at the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corp. discussed safeguarding all uninsured deposits, the newspaper reported, citing three people who spoke on condition of anonymity.