Bitcoin fell below the US$22,000 support line in Thursday morning trading in Asia, with Ether and most other leading cryptocurrencies losing ground after U.S. crypto bank Silvergate said it will voluntarily liquidate. The bank has teetered on the brink of insolvency for weeks, becoming another victim of the FTX exchange collapse last November. Solana led the losers among the top 10 cryptocurrencies by market capitalization and the total industry capitalization fell under US$1 trillion. XRP rose. U.S. equities closed mixed on Wednesday, unnerved by the prospect of interest rates moving higher than expected this year. (forkast)
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Bitcoin Crashes Through US$22,000 Floor as Failure of Silvergate Crypto Bank Hits Market
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