Bitcoin sinks to two-week low as Silvergate fallout hurts crypto
Bitcoin sank as much as 6% before paring some of the slide to trade around $22 330 as of noon Friday in Singapore.
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Bitcoin sank as much as 6% before paring some of the slide to trade around $22 330 as of noon Friday in Singapore.
The drag down in the price of Bitcoin (BTC) is highly unusual considering how the digital currency started out for the year.
The largest cryptocurrency rose as much as 7.5% to $21,299
Some Federal Reserve officials in the minutes of the meeting were quoted saying, that "slowing the pace of increase could reduce the risk of instability in the financial system."
SINGAPORE - Digital currency broker Genesis Trading, which has a Singapore arm, has stopped withdrawals in its lending business, becoming the latest casualty of crypto exchange FTX’s implosion. Read more at straitstimes.com.