Bitcoin struggles to reclaim $20K support amid fears of Silicon Valley Bank contagion. Trader targets $18K BTC price as bank chaos sparks market turmoil.
The pair had seen further downside prior to the open as embattled SVB Financial saw another 60% wiped off its stock price., SVB also began to spark knock-on effects for non-United States banks on the day.
For Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, the writing was on the wall. “First it was Silvergate, then Silicon Valley Bank and now First Republic Bank. All sinking massively on the markets. It’s 2008 all over again,” heWith that, U.S. equities started the March 10 session in the red as nervous traders waited to see the full extent of the SVB contagion.Barclays DOWN 6.2%
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Above $20,000, ETH Beyond $1,400 on Saturday – Market Updates Bitcoin NewsBitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of Silicon Valley Bank.
Read more »
BTC's Rollercoaster Around $20K Continues as USDC Drops to $0.9: Weekend WatchSOL and MATIC are among the few notable gainers in the past 24 hours.
Read more »
Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC FearsTraders argued fears of USDC's long-term stability were overblown as crypto markets recovered nominally on Saturday. By shauryamalwa
Read more »
Bitcoin price spikes to '$26K' in USDC terms — How high can the BTC short squeeze go?Bitcoin brushes aside USDC depeg as BTC price returns above $20,000.
Read more »
Five Reasons Why Bitcoin (BTC) Plunged Below $20,000A combination of regulatory crackdowns, selloffs in equities, concerns over higher interest rates, and the proposed tax on electricity used in cryptocurrency mining have contributed to Bitcoin's recent decline below $20,000
Read more »
Peter Schiff Sends Warning to Crypto Community, Advises Selling Bitcoin (BTC)Peter Schiff warns users to sell their BTC, here's reason Bitcoin $BTC PeterSchiff
Read more »