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Bitcoin's Week: From Fed Fears to Silvergate Bank's End - Will

Source:https://seekingalpha.com/news/3946641... News:Good Day,This News Update at 11-03-2023,Hello everyone, this is Grace from Q.E.D CryptoNews, bringing you the latest updates from the crypto world. It looks like Bitcoin is taking a bit of a hit this week, with a potential 9.7% weekly loss. But don't worry, we'll break it down for you. So what's causing this dip in Bitcoin? Well, it seems to be a mix of Federal Reserve Chair Jerome Powell's recent remarks and Silvergate Capital's plans to wind down. Powell's comments at Capitol Hill signaled a potentially longer tightening cycle, which has spooked investors. He mentioned that if the data indicates that faster tightening is necessary, they would be prepared to increase rate hikes. Yikes! That doesn't sound too promising for those holding on to Bitcoin. But wait, there's more! Silvergate Capital's plans to wind down have also contributed to the dip in Bitcoin prices. For those who don't know, Silvergate Bank is one of the few banks in the US that has been accepting cryptocurrency transactions. So their decision to wind down could be seen as a negative sign for the crypto market. Now let's talk about what this means for all you crypto enthusiasts out there. While this dip may seem concerning at first glance, it's important to remember that Bitcoin has gone through its fair share of ups and downs before. Plus, with all the advancements being made in the crypto world, it wouldn't be surprising if we see a turnaround soon. In fact, some experts believe that this could actually be a great opportunity for investors who are looking to buy Bitcoin at a lower price point. So if you've been waiting for a chance to invest in Bitcoin but have been hesitant due to its high prices, now may be your chance! But as always, we advise caution when investing in any type of cryptocurrency. Make sure you do your research and only invest what you can afford to lose. That's all for today folks! We'll keep you updated on any further developments in the crypto world. Until next time, keep hodling!,More detail and source please check the description. Please Subscribe and hit the bell button follow our update and share it if you like. See you next time,thank you. Please Subscribe and hit the bell button that you won`t miss our update, and share it if you like. Our twitter:  / wizcap   Register A Binance account:https://www.binance.com/en/futures/re...