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

quick take

• Bitcoin Loses $21,000 As Support, Drops Over 5% Today
• This comes after news of the shutdown of Silvergate.
• The contagion has spread to the banking and financial sectors of the economy, with banks in particular seeing a big red day.
• SVB Financial Group (SIVB) drops 65% as trading closes stopped Several times on the main exchange.
• Vix Over 21, But Nasdaq, S&P And DXY Are Losing Today
• However, gold is up 1% today

Bitcoin Lost 21k Support As Contagion From Silvergate Entered Banks And Financial Sector First Appeared On CryptoSlate.