Crypto prices were slightly higher halfway through the week, with most trading within a narrow range. Crypto stocks dipped after the open.
Bitcoin was trading around $23,760 by 10 a.m. EST, up a little over 2%, according to TradingView data. Ether was trading up 3.4% to $1,660. Cryptocurrencies were broadly higher across the board. CFX added over 9% following a $10 million token round.
Silvergate was down 2.7% by 10:15 a.m. EST, having whipsawed after the open. Shares in the crypto-friendly bank have traded down since the beginning of the year.
KBW analysts led by Michael Perito downgrade the stock to market perform from outperform, citing "increasingly limited visibility." The bank changed its price target to $16 from $25.
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