“It does not appear like the Silvergate subject is resulting in broad contagion. And we could have seen many of the drop related to that information already,” Matt Weller, Foreign exchange.com’s international head of analysis, advised CoinDesk TV on Friday. “I would not be shocked to see bitcoin retrace again all the way down to $20,000, perhaps even $18,000, to type of retest these lows. However…it does appear like the depths of the winter are behind us.”
