Negative triggers for plunge

After the crypto-friendly bank Silvergate Bank (SI) faced thunder after it was revealed that it could not submit its annual financial report on time, the company's stock price plummeted and hit a new 52-week low, closing at $5.72, down more than 97% from its high of $219.75 in November 2021. %

1 Supervision over sudden business losses comes to your door

2 Encryption companies have "severed ties" with them

After the announcement, many crypto companies in the currency circle quickly expressed their dissociation with them.

3 This is one of the first examples of crypto volatility spreading into the mainstream banking system, and is something that U.S. regulators and crypto skeptics have long feared

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