 What the hell is going on in crypto this week? It was a wild week for the crypto market. First we had Jerome Powell's testimony in front of Congress where he hinted at a faster pace and longer than expected interest rate hikes causing some panic in the market. Then Silver Bank, one of the biggest crypto friendly banks collapsed mid week. In other news, US authorities are rumored to be potentially selling $1 billion worth of Bitcoin after a transfer to its Coinbase wallet. This week we also got a new crypto tax proposal that could impact investors and miners. And the New York State Attorney sued Q-Coin and is calling Ethereum a security. If that wasn't enough, Silicon Valley Bank, another crypto friendly bank, is officially closing its doors as well, impacted by Silver Bank's collapse further rattling the market. Now all eyes are on the upcoming CPI data report next week. May God be with us all. Don't forget to like and subscribe for more videos just like this.