Cryptocurrency prices continued to trade in a relatively tight range, with volumes down following the collapse of crypto-friendly bank Silvergate.
Bitcoin was trading around $21,650 by 11 a.m. EST, down about 2%, according to TradingView data. Ether followed suit, dropping 1.7% to $1,540.
Altcoins could not beat the drop as sentiment in the market worsened following the latest major failure. Market maker GSR noted the collapse of Silvergate weakened the crypto ecosystem's banking support. Binance's BNB slipped 1.1%, Ripple's XRP was down 1%, and Polygon's MATIC shed 2.5%.
All Comments