cryptonews: Bitcoin fell as much as 6% on Thursday while Ether tumbled 5% as the fallout from top crypto bank SIlvergate's warning that its survival was in jeopardy became an increasingly self-fulfilling prophecy.
Bitcoin fell as much as 6% on Thursday while Ether tumbled 5% as the fallout from top crypto bank SIlvergate's warning that its survival was in jeopardy became an increasingly self-fulfilling prophecy.
The results was a selloff that rolled across the broader crypto markets, with almost all of the top 20 non-stablecoin cryptocurrencies down substantially going into March 3. Citing growing "uncertainty" about the ability to move dollars and other currencies onto and off of exchanges, Markus Thielen, head of research at crypto exchange and financial services firm Matrixport, told Cointelegraph that "there are now wider industry concerns that U.S. regulators are trying to cut off further banking relationships between crypto firms and FDIC-insured banks.
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