Bitcoin Continues Trading Sideways at $22.4K as Silvergate Concerns Mount

2023-3-7 02:02

BTC has traded in a narrow range since it dropped sharply last Thursday as Silvergate’s woes grew increasingly apparent.

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Silvergate Capital shares plunge nearly 50% amid crypto-related negativity

Silvergate Capital Corp (NYSE: SI) shares dropped sharply on Thursday, with intraday declines as of midday more than 47% to see the crypto-focused bank’s stock trade around $11. 52. Silvergate shares fall as investors withdraw $8 billion in deposits Losses for crypto-friendly bank’s shares followed the company’s fourth-quarter report before markets opened.

2023-1-6 20:18