Bitcoin plunges under $20,000 to its lowest point in 2 months as Silvergate blow-up and bank fears rattle risk assets

• Bitcoin on Friday dropped below $20,000 for the first time in two months. 
• The crypto industry is navigating through fresh pain as Silvergate Bank prepares to wind down. 
•  The blow-up of tech-focused Silicon Valley Bank also blunted risk appetite. 

Bitcoin slumped to its lowest price in two months Friday as the collapse of crypto depositor Silvergate Bank and the blow-up of tech startup lender Silicon Valley Bank fueled a retreat by investors from so-called risk assets.