Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector

2023-3-10 22:58

Quick Take Bitcoin lost $21,000 as support and is over 5% down today This comes after news of Silvergate halting operations. Contagion spreading into the banking and financials sector of the economy, with banks particularly seeing a heavy red day. SVB Financial Group (SIVB) is down 65%, and trading has been halted on the main exchange several times. Vix is above 21, while Nasdaq, S&P, and DXY are in the red for today However, Gold is up 1% today Banks: (Source: Bloomberg) Assets: (Source: Trading View)

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silvergate support bitcoin enters banks financials sector

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