Cryptocurrency in the Aftermath: Unveiling the Impact of the SVB Collapse
Qin Wang,
Guangsheng Yu and
Shiping Chen
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Qin Wang: CSIRO Data61 [Sydney] - CSIRO - Commonwealth Scientific and Industrial Research Organisation [Australia]
Guangsheng Yu: CSIRO Data61 [Sydney] - CSIRO - Commonwealth Scientific and Industrial Research Organisation [Australia]
Shiping Chen: CSIRO Data61 [Sydney] - CSIRO - Commonwealth Scientific and Industrial Research Organisation [Australia]
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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: the SVB collapse did not lead to the destruction of cryptocurrencies; instead, they displayed resilience.
Date: 2023-09-24
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