Can Bitcoin Escape Bank Run Contagion For Bullish Momentum Soon?

Bitcoin News: As regional banks in the United States face pressure around the Silicon Valley Bank crisis news, the crypto market continues to be affected. In fact, the Bitcoin price is currently at its lowest in around two months thanks to the bank run contagion that began after Silvergate Capital first warned of liquidity issues. In this context, US stock prices went lower on Friday due to the worries around contagion in regional banks. However, crypto traders are optimistic about Bitcoin’s prospects over hopes that investors would like to park funds in the cryptocurrency amid the contagion concerns.