Bitcoin Hits Lowest Level In 7 Weeks as Silvergate Bank Collapse Shakes Investors

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Bitcoin's 30-day skew shows that investors are worried about a deeper slide in $BTC price. Chart of the Day explains the data, presented by cryptocom:

Bitcoin dropped about 6% in the past 24 hours to sink below $21,000 for the first time in seven weeks as investors continued to fret about the fallout from crypto-friendly bank Silvergate Bank’s implosion.

 

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