Signature Bank and Silvergate are expected to make it more difficult for institutions to gain exposure to cryptocurrencies using fiat money. Signature Bank and Silvergate are reportedly implementing measures that may make it harder for institutions to access cryptocurrencies using traditional currency.

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Signature Bank and Silvergate are both financial institutions that have made significant strides in digital asset banking. Their impact on the cryptocurrency industry includes providing banking services for cryptocurrency exchanges, custodial services for digital assets, and issuance of stablecoins. This has increased access and legitimacy for the industry, and has helped to bridge the gap between traditional finance and the emerging digital asset space.

Image by Gerd Altmann from Pixabay

And from this problem analysts see that the Fed is unlikely to raise interest rates aggressively, and even cut them, bringing weakness to the US dollar index.

This underpinned the impetus for the BTC price to shoot up, until today, so that the bullish trend is expected to resume while waiting for the latest fundamental data from the US.

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