Bitcoin blasted past $17,000 amid a wider market rally that sent crypto-related stocks and traditional markets higher.
The biggest cryptocurrency increased 1.8% in the past 24 hours to $17,260. Ether was up 4.7% to $1,324 at 9:45 ET, according to TradingView.
Silvergate missed the rally, dropping by more than 3%. The firm last week released preliminary Q4 financials that showed $8.1 billion in withdrawals. The crypto-friendly bank also announced plans to lay off about 40% of its staff.
(by Christiana Loureiro)
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