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Bitcoin drops amidst Silvergate woes- Can bulls defend the $21K support?
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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Bitcoin [BTC] dropped sharply on 2 March following Silvergate’s woes.
Major crypto clients like Coinbase suspended business with the troubled Silvergate bank sending its stocks to plunge over 50%.
Investors reacted cautiously to the development, as some retreated to stablecoins, leaving most of the crypto market in the red, as shown below.
Read Bitcoin [BTC] Price Prediction 2023-23Source: Coin360 (Daily crypto market performance on March 3, 2023)Source: BTC/USDT on TradingView BTC posted solid gains after jumping from $16.61K in early January to $25.25K in February.
Read more on ambcrypto.comAbout this in other media
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