SIlvergate may be costing Bitcoin its chance to nail $25,000.
The pair had managed to avoid further losses after the initial shock around SilvergateWith United States equities delivering a strong finish to the week, however, Bitcoin and altcoins remained unable to capitalize on what traders argued would normally be an opportunity for gains.in part of an update overnight.
"If it weren’t for the silvergate fears, BTC would be primed to breach the highs above 25k next week."Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, hoped that a comeback for Bitcoin could still hit. "Bitcoin dropped from $23,800 to $22,300, while the Nasdaq and S&P were making strong bounces. Matter of time until Bitcoin catches up," he
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Before Silvergate and After SilvergateSam Bankman-Fried once separated life 'before Silvergate and after Silvergate,' lauding the premier crypto bank later damaged by FTX's fall. DanielGKuhn writes about Silvergate's comeuppance and whats next for crypto banks Opinion for The Node newsletter
Read more »
Silvergate suspends Silvergate Exchange Network as company reels from crisesSilvergate’s Silvergate Exchange Network (SEN) will shut down as part of a “risk based decision,” the bank said.
Read more »
Bitcoin price risks $23K rerun as Coinbase stock falls over SilvergateBitcoin stays mostly stable as worries over Coinbase and Silvergate bank fail to spill over into BTC price.
Read more »
Bitcoin Price Holds Steady Above $23K as Silvergate Capital Crumblesbitcoin wobbled a bit early Thursday as crypto-friendly bank Silvergate Capital shed more than 50% of its value on worries it may not survive, but turned upward in afternoon action to trade around $23,500. _jocelynyang_ reports
Read more »
Bitcoin price slides 5% in 60 minutes amid Silvergate uncertaintyThe price of BTC has fallen over 5% in within a short period of time in the hours of Mar. 3. The exact cause behind the fall is not clear, however, it is coinciding with recent uncertainty around Silvergate Bank after its delayed 10-K filing.
Read more »
Bitcoin price falls to its lowest in weeks amid Silvergate troublesBitcoin falls to its lowest price in weeks as crypto markets tumble amid Silvergate troubles
Read more »