BTC (BTC) slowly won $20, 000 when new homes opened on Wall Street on March 10 because of growing anxiety about the spread of Silicon Valley Bank (SVB).

The overall target BTC price for foreign exchange traders is $18000.

The data from Cointelegraph Markets Pro and TradingView followed the trend of BTC against the dollar, and BTC posted a new loss against the dollar, reaching $19569 on Bitstamp.

The two companies fell further before the market opened, with shares in desperate SVB Financial down another 60 per cent.

In imitating the measures of Silvergate, a partner of financial institutions in the password trading center, SVB also gradually belonged to non-American banks on the same day.

It is also an ominous sign for the style of Priscilla van der Pope, Cointelegraph's soft writer and chief executive of the founder of trading company Eight.

The key lies in the silver gate financial institutions, then the Silicon Valley Bank, which is now the first Republican financial institution. All of this is moving down a lot in the market. 2008 is all over again. "he concluded.

As a result, U. S. stocks lost money when new homes opened on March 10, and busy traders waited quietly for the full spread of the SVB COVID-19 epidemic.

"before the Fed meeting tightened cycle time, both Silvergate and Silicon Valley seemed to have invested in high-yield treasury bonds. Part of the message from Skins Melk, a trader and investment analyst, is the government bonds that no one wants to buy these days, as well as the "risk-free" bonds that are bought directly from the government at 5% interest.

Many people were forced to sell at a big discount and suffered high damage. This further shook market sentiment, resulting in a large number of asset withdrawal, which in turn caused the capital chain to break.

Such settings are "landslides," Melk said.

In addition, in terms of BTC market prices, van der Pope style predicts the possibility of a double-headed ability not to reach $18000. On the other hand, more than $20,000 is now a short-lived opportunity.

Commentators believe that the pressure on the Fed's pivot work has increased.

A glimmer of hope comes from sales market commentator Holger Zschaepitz's "mixed" U.S. jobs data, which helped ease anxiety about major policy changes at the Fed meeting.

Traders now expect the Fed meeting to raise interest rates by 25 percentage points in March after today's student employment data are released. Previously, the price of 50bps was, "the most popular profiling account, Tedtalksmacro, added on Twitter, calling the data" mixed. "

Data on the use of FedWatch tools by the Chicago Mercantile Exchange Group confirm a change in market expectations for the upcoming Federal Open Market Committee (FOMC) meeting on March 22.

But for some, the severity of the SVB woes gives them reason to believe that the Fed meeting will have no choice but to abandon its monetary tightening and "switch" to raising interest rates.

SVB is maintaining an all-round crowding out of banks. The bad news is that this will soon accelerate into a systematic dilemma, "responded Peter Henry, a login password entrepreneur."

"fortunately, the Fed meeting will have no choice but to change immediately, otherwise the entire financial system could be at risk of collapse," he added. "