Financial markets have been engulfed with fear in recent days, as fears that a tumultuous sequence of banking crises could become a contagion in the sector.
It all started with the closure of Silvergate Bank’s SEN payment network (key backend crypto industry infrastructure) following a run on deposits back in November.
This was quickly followed by the implosion of Silicon Valley Bank – the 16th largest bank in America – and a bastion of start-up capital and VC funding….
Read More: 3 Reasons Crypto Prices are Rising Today – New Bull Market Starting?
It all started with the closure of Silvergate Bank’s SEN payment network (key backend crypto industry infrastructure) following a run on deposits back in November.
This was quickly followed by the implosion of Silicon Valley Bank – the 16th largest bank in America – and a bastion of start-up capital and VC funding….
Read More: 3 Reasons Crypto Prices are Rising Today – New Bull Market Starting?
