Silvergate Capital, SVB failures weigh on Bitcoin price

Bitcoin finds support at $20k 
Many cryptocurrency companies had exposure to SVB 
Bitcoin investors should keep an eye on the S&P 500 and the Fed
Cryptocurrency investors had a rough 2022. Bitcoin and other major cryptocurrencies trended lower, affected by the FTX failure, which triggered a loss of faith in the industry.
But the market started 2023 on a strong note. At one point, Bitcoin traded above $25k in February, after only a couple of months earlier, the price sat below $17k