Bitcoin plunges 6% in less than an hour, hitting an intraday low of $22,000 amid Silvergate's collapse
, the flagship cryptocurrency took a nosedive earlier today, losing 6% of its value in less than an hour.
At 1:57 a.m. UTC, the bellwether cryptocurrency dropped to an intraday low of $22,000 on the Bitstamp exchange. Bitcoin plunged to its lowest level in two weeks, throwing a wrench in the works for bulls. reported by U.Today , the shares of the embattled bank took a massive 50% hit, reaching an all-time low. This came after the company delayed its annual report and said that it would have to review its books with its auditors. Several of its major cryptocurrency clients, including Coinbase, Bitstamp, Circle, and Paxos, have all made announcements about severing ties.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC Rebounds, Following Decline in US Consumer Confidence – Market Updates Bitcoin NewsBitcoin rebounded on March 1, as markets reacted to the latest consumer confidence report from the United States.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Edges Lower, as US Manufacturing Sector Contracts – Market Updates Bitcoin NewsBitcoin fell into the red on March 2, as markets reacted to further negative data from the United States. Ethereum was also trading lower.
Read more »
Bitcoin (BTC) Scores Another Month in Green as Rally Picks up SteamDespite regulatory challenges and threat of further rate hikes, Bitcoin has triumphed once again, claiming another month in green
Read more »
Bitcoin 'millionaires' increased 140% as BTC price crossed $20K — dataWhen do BTC hodlers become millionaires? $20,000 is a magnet, says on-chain data.
Read more »
Bitcoin's least volatile month ever? BTC price ends February up 0.03%Who says BTC is too volatile? February's monthly close was 0.03% higher than the open.
Read more »
BTC and ETH Price Analysis for March 1Can BTC and ETH rise at the beginning of the new month? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum sassal0x
Read more »