Bitcoin and ether continue to be largely unaffected by the plethora of news in crypto this week. Crypto-related stocks continue to trade down.
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Bitcoin and ether down; Silvergate plunges 40%Crypto prices remain relatively steady. Crypto-related stocks sink following a torrent of news, including layoffs at Silvergate and a fresh downgrade for COIN.
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Silvergate Stock Crashes Nearly 50% As Bank Grapples With Crypto CrisisCustomers withdrew more than $8 billion from the crypto-focused bank over the last three months of 2022.
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Silvergate Stock Crashes Nearly 50% As Bank Grapples With Crypto CrisisCustomers withdrew more than $8 billion from the crypto-focused bank over the last three months of 2022.
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JPMorgan downgrades Silvergate Capital, says crypto bank's huge withdrawals can hurt stock long termHigher-than-expected deposit withdrawals by customers at Silvergate Capital is ringing the alarm at JPMorgan.
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WSJ News Exclusive | Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto MeltdownSilvergate is paring back its businesses after taking a $718 million loss in the fourth quarter selling debt securities to raise cash
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Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloffThe collapse of crypto exchange FTX sparked a run on Silvergate Capital, and the bank raced to sell assets to cover about $8.1 billion in withdrawals.
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