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The Daily Hodl
2023-03-09 04:29:35

Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down

Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down

Crypto-friendly bank Silvergate says it’s decided to wind down operations and liquidate, making it the latest company to be leveled by the collapse of FTX. The news triggered a 36% after hours crash in the bank’s stock, and pushed Bitcoin (BTC) from $22,100 to $21,777 at time of publishing. The California-based bank has about $11 The post Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down appeared first on The Daily Hodl .

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