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

Fast Take

• Bitcoin misplaced $21,000 as help and is over 5% down immediately
• This comes after information of Silvergate halting operations.
• Contagion spreading into the banking and financials sector of the financial system, with banks notably seeing a heavy crimson day.
• SVB Monetary Group (SIVB) is down 65%, and buying and selling has been halted on the primary trade a number of instances.
• Vix is above 21, whereas Nasdaq, S&P, and DXY are within the crimson for immediately
• Nevertheless, Gold is up 1% immediately

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