With regard to the market report this week, Cointelegraph's resident authority experts discussed all the small details about SilverGate and its impact on the password market so far.

With this week's headline news gradually

Bitcoin traders are concerned about the bottom of the $19000 BTC price, warning that the consumer price index (CPI) is "popular" in February

Market commentators say this should be a few weeks of testing for bitcoin and risky assets, with the Fed's Jerome Jerome running the trigger mechanism on March 8. Historically, March has not been a good month for BTC, and 2023 looks set to follow this trend. After a dull Sunday with few trading opportunities, the anxiety at this stage may revolve around the upcoming release of foreign macroeconomic data. Specifically, the consumer price index (CPI) data for February, scheduled for March 14, will be "popular" or exceed expectations. Is it possible for bitcoin to be less than $20,000 again?

A White House spokesman said the White House was aware of the situation of the Silvergate incident.

At a news conference on March 6, press secretary Karin Jean-Pierre stated that the White House had long noticed that the Silvergate password Company marked a "basic problem" for another large and medium-sized password company in the past six months. but declined to reveal more details of the company. Yinmen enterprises, known as "password financial institutions", are the key partners of financial institutions in many key password enterprises and projects. If Silvergate, like many companies, declares bankruptcy, what does it mean for the password market? How should the market react, what should you do to prepare in advance? Our own authoritative experts bring you detailed information.

Did the International Monetary Fund close Bitcoin as legal tender too early?

There is basically no sun in this data encryption winter, so the argument for "Bitcoin as legal tender" is likely to look weird again. In other words, apart from the fact that Bitcoin has been declared the national currency of El Salvador and the Central African Republic, should another country declare Bitcoin as the national loan coin of the official website? The International Monetary Fund repeated this situation in a statement last week, outlining nine key data encryption policy actions to be taken by its 190 member states. In the details of what you can't do, the first thing to do is to upgrade the password to legal tender. Does this add another obstacle to globally recognized passwords or payment methods? Will this interfere with retail investors' trust in the industry?

Our own authoritative experts report this and other small and medium-sized stories of development, so please watch as soon as possible to enhance the latest password released worldwide.

In the end, we can win some ideas from Cointelegraph Markets Pro, which is a channel for password traders who need to lead the market. Our own investment analyst uses Cointelegraph Markets Pro to identify two alternative currencies that stand out this week, so watch as soon as possible to find out what's on the list.

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