Bitcoin hitting record highs, the continuation of a rally that has been building for a couple of months. There are a couple of factors the mainstreaming of bitcoin. You may recall earlier this year regulators in the us open and investing opportunities attached to crypto currencies to more investors, and since then funds have been pouring into that. There was a report that huge figures have been raised. That has definitely increased things on the demand side. On the supply side, there is a 0n the supply side, there is a process called halving, part of the bitcoin protocol, only a certain number are issued, and once every four years, a reward for bitcoin miners, that number decreases. That may also have an impact on what investors think the supply will be. All of this i think you can safely say is leading to that craze for laser eyes, the meme that bitcoin fund is used when they are feeling optimistic about it. ~. , they are feeling optimistic about it. We will come back to it. Michelle.
good morning and welcome to cnn this morning. i m paula reid in for am ara wa walker. and i m boris sanchez. thank you to paula for filling in for amara. i know these hours are not really easy to work, but we re grateful for you being here. and paula, stop me if you ve ever heard of an atmospheric river before. are you familiar with those? i m absolutely not. i had to look it up this morning so i could understand all these incredible stories we re watching this morning. how do you live like this. california soaked by another round of storms. those atmospheric rivers are washing out roads, collapsing bridges and prompting evacuations. the latest on the damage and where the severe weather is headed next. i don t know how we ll do our payroll now. a stunning collapse, silicon valley bank folding marking the second largest bank failure in u.s. history leaving some business owners scrambling to figure out how they will pay their employees. and former president trum
state of emergency as intense storms hammer the golden state. we can t live like this. atmospheric rivers washing out roads and bridges leaving people trapped in their mee joi management director from one of the hardest hit counties. the economy still red hot notching another strong jobs report. we ll tell you where the job gains are and why this complicates the fight to tame inflation. all the money is in the bank. i don t know what we re going to do now. reporter: a capital crisis, a stunning free fall leading to the second largest collapse of a financial institution in u.s. history. could there be a domino effect and what does this mean for those with accounts at svb? i think it was an overreaction to the destruction of property. large rocks, your only intent is to harm. police and protesters clashing over a controversial police training facility near atlanta. how things turned violent and why tensions remain high this weekend. can you feel that? it s the
the former mp, jared 0 mara, is sentenced to four years in prison after being convicted for fraudulent expenses claims. and we ll hear more about a study of killer whales reveals that mothers make a lifelong sacrifice for their sons. the offical death toll from monday s earthquake in turkey and syria is now over 17,500. 0ur chief international correspondent, lyse doucet. yes, you join is here, about two hours drive from the epicentre of this devastating earthquake, a place where the loss has been so significant that it is where the president has chosen to visit today, and where he hasjust president has chosen to visit today, and where he has just announced that new figure. i am hearing prayers being recited as we broadcast from here. one of the prayer leadersjust told us that 100 leaders have come from five cities across turkey to help bury the dead. in that main cemeteryjust behind us, 400 were buried yesterday. here, just behind, the refrigerated vans where the bodies are w