Bitcoin Sinks to Two-Week Low With Silvergate Collapse

The video discusses the challenges faced by Silvergate Capital, a key banking provider for the crypto industry, due to the collapse of FTX and increased regulatory scrutiny. It highlights the ripple effects on the crypto market, including concerns about Silvergate's ability to continue operations and the impact on major crypto exchanges. The video also covers the broader implications for the crypto industry, such as the need for better auditing and regulatory oversight. Additionally, it examines Bitcoin's price trends and market sentiment amid these developments.

What are the implications of regulatory scrutiny on the crypto industry?

Discuss the current sentiment in the crypto market regarding Bitcoin prices.