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)
Banks: (Source: Bloomberg)
Assets: (Source: Trading View)
Assets: (Source: Trading View)

The post Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector appeared first on CryptoSlate.

Leave a Reply

Your email address will not be published. Required fields are marked *