2023-03-10
Actually, it may be in term of big impact
as many factors which one thing is may Silvergate announces termination, but the one potential point is after Federal Reserve Chairman Jerome
Powell's prepared speech this week to congress made everything has changed as you
see on the Cryptocurrency prices market today.
Ref: BITCOIN Price in USD: BTC Live Price Chart News (blocksky.io)
Bitcoin was
trading at around $20,325, down about
6.4%, according to TradingView, a seven-week low, while
Ether was followed by a 6.2% drop to $1,437.
Binance's BNB fell 6.4%, Ripple's XRP fell 7.4% and Polygon's MATIC dropped 8.8%, while dog meme coins also fell, with Shina Inu and Doge Coin down 11.3% and 10.3%, respectively.
Another
factor could be the KuCoin lawsuit filed by the New York Attorney General's
Office, Kunke, in which the lawsuit accuses ETH of securities "which adds
to regulatory tensions that have been of interest throughout the month."
Photo Credit: Link
