Here’s why bitcoin is rallying after collapse of Silvergate, SVB and Signature

“Still, Mina Tadrus, chief executive at Tadrus Capital, said he thinks the recent upswing is simply part of crypto’s natural volatility. 

Investors remained worried that the closure of crypto-friendly Silvergate and Signature would further limit digital asset companies’ access to banks in the U.S., making it harder for institutions to purchase cryptocurrencies with fiat currencies, and weighing on the liquidity of the crypto market.”

Source: Market Watch

Author: Frances Yue

Continue reading here: Bitcoin rallies after collapses of Signature, SVB and Silvergate. Here’s why – MarketWatch


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