Silvergate Crisis: Bitcoin (BTC) Leads Market Plummet as Billions Vanish in Minutes

by Aurelia Butler 3 March 2023, 12:30 189 Views

Bitcoin (BTC) plummeted 5% in 30 minutes early Friday morning and traded as low as $21,970 and $1,544, respectively, according to data from CoinGecko. The largest cryptocurrency had lost around $23 billion in market cap.

BTC is currently trading at $22,420. Ethereum (ETH) also went down 5% to $1,544. Itâs now trading at $1,570.

Bitcoin (BTC) price chart. Source: CoinGecko.

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Source: Cryptocurrency - investing.com

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Silvergate Crisis: Bitcoin (BTC) Leads Market Plummet as Billions Vanish in Minutes

Crypto Influencer Gets Called Out For Conflicting Bitcoin Outlook

Central banks need to show a bit more imagination

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