Bitcoin and Ether owners will be pulling their strings after this news
On Thursday, Bitcoin lost 7 percent of its value to $20,474, and today it is already trading at $19,914
The price of the main cryptocurrencies Bitcoin and Ether have fallen seriously in recent days, after it became clear that one of the most important cryptobanks – “Silvergate Capital” (Silvergate Capital) will be liquidated, reports CBS and BTA.
On Thursday, Bitcoin lost 7 percent of its value to $20,474 and is now trading at $19,914. Ether yesterday lost a similar percentage and fell to $1,440.45, and today it is already $1,405.19.
The decline began on Wednesday evening after it became clear that Silvergate, a bank open to operations in the crypto world, would be closed.
The move was somewhat expected after the company that runs the bank said last week that it would no longer be able to support it.
Yesterday’s and today’s crash is also somewhat influenced by the collapse of SVB Financia, whose Silicon Valley Bank collapsed after announcing plans to raise $2 billion in new capital , to cover losses on bond sales. The bank mainly finances technology startups.