Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n
In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n
Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n If BTC can sustain above $21,500, the next challenge will be to exceed the resistance at $24,000 to rejoin the recent bullish rally.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n The Relative Strength Index (RSI) plotted a bearish crossover with the 14 SMA. Also, the indicator value dropped below 50, suggesting a downtrend.<\/p>\n\n\n\n If BTC can sustain above $21,500, the next challenge will be to exceed the resistance at $24,000 to rejoin the recent bullish rally.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n A break below $21,500 may push the price to the psychological support at $20,000 and accelerate the current bearish momentum.<\/p>\n\n\n\n The Relative Strength Index (RSI) plotted a bearish crossover with the 14 SMA. Also, the indicator value dropped below 50, suggesting a downtrend.<\/p>\n\n\n\n If BTC can sustain above $21,500, the next challenge will be to exceed the resistance at $24,000 to rejoin the recent bullish rally.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n The price has already broken the trendline support and heading toward the current support at $21,500. Besides, the 8 EMA moved below the 21 EMA, indicating a bearish trend reversal.<\/p>\n\n\n\n A break below $21,500 may push the price to the psychological support at $20,000 and accelerate the current bearish momentum.<\/p>\n\n\n\n The Relative Strength Index (RSI) plotted a bearish crossover with the 14 SMA. Also, the indicator value dropped below 50, suggesting a downtrend.<\/p>\n\n\n\n If BTC can sustain above $21,500, the next challenge will be to exceed the resistance at $24,000 to rejoin the recent bullish rally.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Bitcoin remains bearish following the rejection at $25,000. The price has recently rejected the immediate resistance at $24,000, plotting a lower high.<\/p>\n\n\n\n The price has already broken the trendline support and heading toward the current support at $21,500. Besides, the 8 EMA moved below the 21 EMA, indicating a bearish trend reversal.<\/p>\n\n\n\n A break below $21,500 may push the price to the psychological support at $20,000 and accelerate the current bearish momentum.<\/p>\n\n\n\n The Relative Strength Index (RSI) plotted a bearish crossover with the 14 SMA. Also, the indicator value dropped below 50, suggesting a downtrend.<\/p>\n\n\n\n If BTC can sustain above $21,500, the next challenge will be to exceed the resistance at $24,000 to rejoin the recent bullish rally.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n To add, Silvergate is currently being probed by authorities<\/a> for dealings with FTX. There have been no wrongdoings brought to light as of yet.<\/p>\n\n\n\n Silvergate saw over US$8B being withdrawn from their bank in Q4 following FTX's collapse, with a $1B loss incurred in the same quarter. At the beginning of January, the bank had also laid off over 40% of its workers.<\/p>\n\n\n\n In the wake of the news surrounding Silvergate, various firms are getting out before a collapse; in the wake of FTX's collapse there cannot be enough precautions.<\/p>\n\n\n\n Silvergate has lost various partners in the past 48 hours. This includes Coinbase, Circle, CryptoCom, Paxos, Galaxy Digital, Bitstamp, and CBOE. Tether had announced that they had no ties or exposure to the bank.<\/p>\n\n\n\n Bitcoin remains bearish following the rejection at $25,000. The price has recently rejected the immediate resistance at $24,000, plotting a lower high.<\/p>\n\n\n\n The price has already broken the trendline support and heading toward the current support at $21,500. Besides, the 8 EMA moved below the 21 EMA, indicating a bearish trend reversal.<\/p>\n\n\n\n A break below $21,500 may push the price to the psychological support at $20,000 and accelerate the current bearish momentum.<\/p>\n\n\n\n The Relative Strength Index (RSI) plotted a bearish crossover with the 14 SMA. Also, the indicator value dropped below 50, suggesting a downtrend.<\/p>\n\n\n\n If BTC can sustain above $21,500, the next challenge will be to exceed the resistance at $24,000 to rejoin the recent bullish rally.<\/p>\n\n\n\n Ethereum has weakened from $1,679 to $1,543 since Mar. 02, and the current price stands at $1,570. The price continues to stay below the 10-day moving average, indicating that the negative trend is still not over. The cryptocurrency market continues to face a trust crisis after the collapse of the FTX cryptocurrency exchange created unprecedented market turmoil that could last for several more quarters.<\/p>\n\n\n\n If buyers cannot restore the rate shortly, there are high chances to see a further decline to the support level at $1,500, and if the price breaks this level, we could see Ethereum at $1,300.00 or even below. The important resistance level for Ethereum stands at $1,800, and if the price advances above this level, the next target could be $1,900 or even $2,000.<\/p>\n","post_title":"Bitcoin And Ethereum Price Prediction After Silvergate Capital Announced That It's Experiencing Operational Issues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-price-prediction-after-silvergate-capital-announced-that-its-experiencing-operational-issues","to_ping":"","pinged":"","post_modified":"2023-04-10 17:25:35","post_modified_gmt":"2023-04-10 07:25:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10261","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10201,"post_author":"12","post_date":"2023-03-03 16:02:08","post_date_gmt":"2023-03-03 05:02:08","post_content":"\n On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days - what went wrong?<\/p>\n\n\n\n Investor confidence was initially lost after the bank announced<\/a> it would delay filing its Form 10-K for the previous fiscal year by its March 16th deadline. Within the last year, crypto markets had been under pressure; along with this, the subsequent collapse of FTX<\/a> brought many firms to their knees, many firms which had relations with Silvergate. Silvergate cut ties with Alameda Research, FTXs trading arm, in 2018 before the exchange launched.<\/p>\n\n\n\n Just before the report's delay, Silvergate announced that it would be \u201cevaluating the impact that these subsequent events have on its ability to continue as a going concern for the twelve months following the issuance of its financial statements.\u201d<\/em><\/p>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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![\"Ethereum](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/03\/Ethereum-analysis-1-800x309.jpg\")
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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<\/a>Key Findings: ETH Technical Analysis<\/h3>\n\n\n\n
\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Technical Analysis of Ethereum (ETH)<\/h2>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h3>\n\n\n\n
\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Technical Analysis of Ethereum (ETH)<\/h2>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h3>\n\n\n\n
\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Technical Analysis of Ethereum (ETH)<\/h2>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h3>\n\n\n\n
\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Technical Analysis of Ethereum (ETH)<\/h2>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h3>\n\n\n\n
\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Technical Analysis of Ethereum (ETH)<\/h2>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h3>\n\n\n\n
\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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Technical Analysis of Ethereum (ETH)<\/h2>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h3>\n\n\n\n
\n
Crypto Firms End Relations With Silvergate<\/h2>\n\n\n\n
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![\"Bitcoin](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2023\/03\/BTCUSD_2023-03-05_20-53-17-800x376.png\")
Technical Analysis of Ethereum (ETH)<\/h2>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h3>\n\n\n\n
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