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Cryptocurrency in the Aftermath: Unveiling the Impact of the SVB Collapse
  • Qin Wang ,
  • Guangsheng Yu ,
  • Shiping Chen
Qin Wang
CSIRO Data61

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Guangsheng Yu
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Shiping Chen
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Abstract

In this paper, we explore the aftermath of the Silicon Valley Bank (SVB) collapse, with a particular focus on its impact on crypto markets. We conduct a multi-dimensional investigation, which includes a factual summary, analysis of user sentiment, and examination of market performance. Based on such efforts, we uncover a somewhat counterintuitive finding: \textit{the SVB collapse did not lead to the destruction of cryptocurrencies; instead, they displayed resilience.}