The price of Bitcoin has been highly volatile in recent days due to the uncertainty surrounding Tether, the world’s largest stablecoin. Tether has been facing legal issues, which have led to fear, uncertainty, and doubt in the cryptocurrency market, causing BTC to drop to the $22,000 level.
Meanwhile, several well-known cryptocurrencies, including Litecoin (LTC) and Dogecoin (DOGE), have also seen slight price declines.
The recent decline in the crypto market could be attributed to the release of US manufacturing numbers and concerns surrounding the accessibility of banking services for crypto companies in the US.
In this article, we will examine the current state of the cryptocurrency market and make a Bitcoin price prediction for the coming days.
Silvergate Uncertainty, Weakening Crypto
After the market closed on Wednesday, Silvergate filed a report with the Securities and Exchange Commission (SEC), announcing a delay in the submission of its annual report as it assesses the impact of several events on its operations.
