Bitcoin Stuck Between Silvergate and China ?
Mar, 2023

Bitcoin Stuck Between Silvergate and China ?

The news from Silvergate, a crypto friendly bank in the USA, were not the best possible as there is a huge liquidity gap in the crypto sector. This shows that the financing capabilities in the crypto field is becoming more and more difficult.


On  the other hand, the “financial” giant of China seems to awake again and reclaim its position in the field. This seems to be the reason for the surge of Bitcoin price since late January.


What will happen in the next weeks, might be a reaction to Central Banks’ decisions and how the interests will me moved. For another time, investors should focus on how cryptos and traditional markets are correlated to build a respective portfolio for them.