Good morning Asia, here's what's making news today: 1. Bitcoin tests $22.5K as it mulls Silvergate woes but awaits likely, improved economic news from China. 2. EthDenver shows the strength of Ethereum's community. TheSamReynolds and davidzmorris write
Both bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on-day, and ether at $1,569, up 0.1%.
“It doesn't look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller,’s global head of research, told CoinDesk TV on Friday. “I wouldn't be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But…it does look like the depths of the winter are behind us.
“China’s opening is a positive factor for the world’s economy, which infers that certain Animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk.
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