“It doesn’t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller, Foreign exchange.com’s world head of analysis, informed CoinDesk TV on Friday. “I wouldn’t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But…it does look like the depths of the winter are behind us.”
