Bitcoin Price Prediction as Tether Fear Uncertainty and Doubt Sends BTC to $22,000 Level – Where is BTC Heading Now?

cryptonews.com:

The price of Bitcoin has been highly volatile in recent days due to the uncertainty surrounding Tether, the world's largest stablecoin. Tether has been facing legal issues, which have led to fear, uncertainty, and doubt in the cryptocurrency market, causing BTC to drop to the $22,000 level. 

Meanwhile, several well-known cryptocurrencies, including Litecoin (LTC) and Dogecoin (DOGE), have also seen slight price declines.

The recent decline in the crypto market could be attributed to the release of US manufacturing numbers and concerns surrounding the accessibility of banking services for crypto companies in the US.

 In this article, we will examine the current state of the cryptocurrency market and make a Bitcoin price prediction for the coming days.

After the market closed on Wednesday, Silvergate filed a report with the Securities and Exchange Commission (SEC), announcing a delay in the submission of its annual report as it assesses the impact of several events on its operations.

As a result, the value of cryptocurrencies, including Bitcoin, fell sharply and has been showing mixed signals. It is worth noting that the Silvergate event has had a significant impact on the value of cryptocurrencies.

It is noteworthy that Silvergate Capital (SI) announced on Wednesday night that it would delay the submission of its annual report due to losses incurred from the November FTX crash and several regulatory probes. 

Consequently, this had a detrimental impact on market sentiment, causing investors and traders to lose faith in the stability and security of the crypto industry, which could result in a widespread sell-off in the market.

Moreover, the backlash faced by Silvergate Capital has led to increased regulatory scrutiny of the