More than $70 billion wiped off crypto market in 24 hours

A number of issues are weighing on cryptocurrency markets including a sell-off in U.S. stocks and issues at Silicon Valley Bank. Bitcoin fell below $20,000.

Highlights

• Bitcoin was trading down nearly 8% at $19,900.28 at 5:11 a.m.
• ET.
• More than $70 billion wiped off its value over the course of the 24 hours.
• Silicon Valley Bank has sold off $21 billion worth of its holdings at a $1.8 billion loss.
• Silvergate Capital, a major lender to the crytpo industry, is liquidating its bank.
• The selling of U.S.

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