Crypto Update: Slivergate | Crypto Fallout | Bitcoin Analysis after 8% Plunge
Crypto bloodbath after Silvergate liquidation news.
Thursday was not a great night for crypto as prices fell after news that Silvergate will head to liquidation. This is also feeding regulation fears and has also put up a liquidity hole in terms of dollars as Silvergate was a key participant allowing users to exchange US dollars.
As seen on charts this morning, it rattled the markets and sent coins tumbling. In today’s video, we have run over our thoughts on these points, and we have taken a good look at bitcoin technically and given some thoughts on what we are watching price-wise and a few technical scenarios.
The fallout from Silvergate is definitely a key driver right now, but we also have US employment data coming out today, and depending on what hits the market, this could impact the USD and, in turn, influence an already fragile crypto market.
Check out our analysis video.
Bitcoin fell by just over 8%, in today’s video we have broken down bitcoins price action. 
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