FTX, Alameda now Silvergate - the FUD that doesn’t seem to end.
We can call Silvergate as another FUD to collection, what is going on how many more?
The market tumbles on the Silvergate news that is flooding the internet, but how much did it affect the market and Bitcoin price?
Not as much as one would think, or at least not as much as FTX and Alameda that mostly hit Solana real hard!
Even though we see from mainstream media to major crypto news outlets writing about it, crypto market is holding pretty well in my opinion and it signifies increase confidence in bull market and weakening of FUD just like a reversal candle on the chart or energy shift after a workout and muscle recovery. They will need something really heavy to bring the marked down to a bear level!
A lot of analysts is watching this unfold and most probably get convinced that the market is on a full bull path!
Whales are also waiting to enter as they are usually those who move the market significantly for all shrimps out there to feel the gains!
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