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.
Source: moneyweb.co.za
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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.
Bitcoin (BTC $22,379) investors reeling from the shock of recent cryptocurrency company failures and banking issues may face another potential problem
The coin’s near 4% slide in the seven days through Sunday was the largest weekly drop since November, paring its year-to-date gain to 39%.
Bitcoin was little changed and trading just below $17 000 as of 12:25 p.m. in Singapore.
The current inflationary environment remains challenging for risk assets, including crypto