Impact of the Silvergate collapse on crypto — Watch The Market Report live

This week connected The Market Report, the nonmigratory experts astatine Cointelegraph sermon each the details regarding Silvergate and its interaction connected the crypto marketplace truthful far.

We footwear things disconnected with this week’s apical stories

Bitcoin traders oculus $19K BTC terms bottom, pass of ‘hot’ February CPI

It could beryllium a investigating fewer weeks for Bitcoin and hazard assets, marketplace commentators say, with Fed Chair Jerome Powell owed to footwear disconnected the triggers connected March 8. Historically, March has not been a large period for Bitcoin (BTC), and 2023 seems to beryllium pursuing that trend. After an uneventful weekend, which offered fewer trading opportunities, the existent interest seems to beryllium astir the forthcoming macroeconomic information from the United States. Specifically, the February people of the Consumer Price Index (CPI), owed March 14, is expected to beryllium “hot,” oregon supra expectations. Is a sub-$20,000 Bitcoin backmost connected the cards? 

White House ‘aware’ of the Silvergate situation, says spokeswoman

Speaking astatine a property briefing connected March 6, Press Secretary Karine Jean-Pierre said the White House has noted that Silvergate marked different large crypto steadfast to “experience important issues” successful caller months but declined to spell into further specifics connected the firm. Silvergate, known arsenic a “crypto bank,” was a cardinal banking spouse to a fig of large crypto companies and projects. What volition it mean for the crypto marketplace if Silvergate, similar truthful galore others, files for bankruptcy? How volition the markets respond and what should you bash to beryllium prepared? Our experts laic retired the details for you.

Is the IMF shutting the doorway prematurely connected Bitcoin arsenic ineligible tender?

There’s been small sunlight this crypto winter, truthful it whitethorn look unusual to contiguous the “Bitcoin arsenic ineligible tender” statement again. That is, volition oregon should immoderate state — different than El Salvador and the Central African Republic, which person already done truthful — state Bitcoin an authoritative nationalist currency? The International Monetary Fund raised the contented again past week successful a insubstantial putting distant 9 crypto-focused argumentation actions that its 190 subordinate countries should adopt. First connected its database of “don’ts” was elevating crypto to “legal tender.” Does this spot different obstacle successful the way of crypto to beryllium recognized the satellite implicit oregon a means of payment? Will it hinder retail investors’ spot successful the industry?

Our experts screen these and different processing stories, truthful marque definite you tune successful to enactment up-to-date connected the latest successful the satellite of crypto.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a level for crypto traders who privation to enactment 1 measurement up of the market. Our analysts usage Cointelegraph Markets Pro to place 2 altcoins that stood retired this week, truthful marque definite to tune successful to find retired which ones made the cut.

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