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=, SI, ETH.CM=,
Keywords: cryptocurrency, investment strategy, bitcoin, business news, markets, bitcoin/usd coin metrics, technology, silvergate capital corp, ethereum/usd coin metrics,