There was a storm in Silicon Valley Bank on March 10, 2023, because Circle's USDC had a risk exposure of US$3.3 billion to Silicon Valley Bank. This incident caused USDC to start anchoring on March 10, and was severely anchored to around 0.88 the next day. , affected by this, Bitcoin fell below 20,000 US dollars. This event completed the final washout of this round of bear market. The impact of this incident is similar to the outbreak of the new crown epidemic in 2020. The liquidity crisis caused the US stock market to circuit breaker four times, followed by the 312 plunge in the crypto market. After the COVID-19 epidemic, the United States launched unlimited QE. After the Silicon Valley Bank storm, interest rate hikes basically announced the end of interest rate cuts, which became the theme of the capital market.

#BTC #认知变现