“It does not seem like the Silvergate problem is resulting in broad contagion. And we might have seen a lot of the drop related to that information already,” Matt Weller, Foreign exchange.com’s international head of analysis, advised CoinDesk TV on Friday. “I would not be shocked to see bitcoin retrace again right down to $20,000, possibly even $18,000, to form of retest these lows. However…it does seem like the depths of the winter are behind us.”
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