Silicon Valley Bank, which has started to shake the global financial markets in the past days, has officially filed for bankruptcy.
Silicon Valley Bank, the trigger factor of the banks crisis, has filed for bankruptcy as of the current situation. The news of the crisis from Silicon Valley Bank (SVB) shook the crypto market. It blocked the rise of Bitcoin (BTC), which has been continuing with great momentum for weeks, and caused it to fall to the level of $ 19,500. After the scandals from the SVB side, different problems broke out by the Signature Bank.
Silicon Valley Bank Continues to Shake Markets
The SVB crisis, which shook the global financial markets, became completely clear with the “bankruptcy filing” they made. In particular, the SVB bankruptcy, which brought fearful moments to crypto investors, cannot be said to have affected the sector much when we look at the current situation. BTC, which is currently detached from the crisis, “defies the market” by holding above the price of $ 26,500. FUD news from the SVB may trigger negative news from other banks. The banking crises that started with SVB and continued with Signature Bank seem to lead to the change of many financial services around the world.
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