Cryptocurrency in the Aftermath: Unveiling the Impact of the SVB Collapse

Qin Wang, Guangsheng Yu, Shiping Chen

Abstract: In this article, we explore the aftermath of the Silicon Valley Bank (SVB) collapse, with a particular focus on its impact on crypto markets. We conduct a multidimensional investigation, which includes a factual summary, analysis of user sentiment, and examination of market performance. We uncover a somewhat counterintuitive finding: the SVB collapse did not lead to the destruction of cryptocurrencies; instead, they displayed resilience.