Week 9 of 2023

Published: Mar 05, 2023

Week 9 of 2023 and we saw another cooler week with about a 5% pullback on Bitcoin. A sudden drop saw panic across the markets but in general, I believe a 5% isn't too bad at this point and was expected. Some investors are still expecting to see much lower. This week pull back saw a low of the week at $22,000

Other big news items this week

• US regulators and anti-crypto politicians still continuing their assault with FUD and enforcement including SEC officials saying Binance.US is operating an 'Unregistered Securities Exchange'.
• Silvergate, a popular bank providing institutions with fiat onramp ability to move money to Crypto Exchanges, announced it may not be able to remain in business. Effective immediately Silvergate Bank decided to discontinue the Silvergate Exchange Network (SEN) on Friday.
•