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Bitcoin, ether slide on Friday as investors weigh potential fallout from Silvergate woes - TL;DR CNBC

Bitcoin, ether slide on Friday as investors weigh potential fallout from Silvergate woes

Publishing timestamp: 2023-03-03 16:13:53


Summary

Cryptocurrency prices fell on Friday due to financial woes at Silvergate Capital, a go-to bank for cryptocurrency businesses. Bitcoin and Ether dropped by more than 5%, while Silvergate's shares dropped 57%. Analysts attributed the drop to liquidations, macro factors, and technical indicators. If Bitcoin fails to hold the $22000 level, the next stop could be around $21400.


Sentiment: NEGATIVE

Tickers: BTC.CM=SIETH.CM=

Keywords: cryptocurrencyinvestment strategybitcoinbusiness newsmarketsbitcoin/usd coin metricstechnologysilvergate capital corpethereum/usd coin metrics

Source: https://www.cnbc.com/2023/03/03/bitcoin-ether-slide-on-friday-as-investors-weigh-potential-fallout-from-silvergate-woes.html


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