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“It would not appear like the Silvergate situation is resulting in broad contagion. And we might have seen many of the drop related to that information already,” Matt Weller, Foreign exchange.com’s international head of analysis, advised CoinDesk TV on Friday. “I would not be stunned to see bitcoin retrace again all the way down to $20,000, possibly even $18,000, to kind of retest these lows. However…it does appear like the depths of the winter are behind us.”
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