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Bitcoin: Can Powell bring BTC out of its vegetative state?

Investing.com - Uncertainty remains a dominant theme on Bitcoin as the cryptocurrency continued to move in a very narrow range last Monday.
Recall that last week was marked by the failures of crypto-bank Silvergate, which delayed delivery of its annual report to the SEC, causing panic among customers and investors.

Waiting for new information in the Silvergate filing

Recall that after its operations collapsed by nearly 60 percent last Thursday, Silvergate announced Friday that it would close its Silvergate Exchange Network (SEN), a domestic settlement tool available on weekends or during periods when normal banking services may be closed.
Silvergate also warned that its ability to be an "operating company" over the next 12 months may be in question.
In other words, the crypto industry may soon digest another resounding bankruptcy, which keeps some pressure on bitcoin and other digital assets.

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Bitcoin: Can Powell bring BTC out of its vegetative state?

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