Entering text into the input field will update the search result below

Bitcoin, ethereum unbothered by Silvergate drama, but crypto-related stocks take hit

Mar. 02, 2023 3:50 PM ETBitcoin USD (BTC-USD), ETH-USD, SICP, MARA, BKKT, MSTR, COIN, BRPHF, GLXY:CABy: Max Gottlich, SA News Editor42 Comments

Closeup of bitcoin coin in a shopping cart with euro coins. BTC coin with dark background.

N Rotteveel/iStock Editorial via Getty Images

Bitcoin (BTC-USD) and ethereum (ETH-USD), the two largest cryptocurrencies by market cap, eked out small gains in Thursday mid-afternoon trading even as the Silvergate Capital (NYSE:SI) exodus takes

Recommended For You

Comments (42)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

Tall Seller profile picture
Hope Ponzi $BTC and Ponzi pusher $MSTR go to $0.00/share when new legislation for crypto comes out, requiring all transactional enabling blockchains be backed 1-to-1 with USD,
Investment Pancake profile picture
4% down doesn't sound entirely "unbothered."
Charlie and Warren say it is all worth nothing... stay tuned.
pat45 profile picture
wonder if Cathy Wood still buying SI or if dumping........
@pat45 she dumped it a few weeks ago and moved to coinbase
Clearly you still haven't read Rothbard profile picture
There is only one way to become wealthy in this space safely:

-bitcoin only, no shitcoins
-self custody, no custodians
-low time preference, no complaining about price action if you’ve held for less than 5 years

3 simple steps, but hard for most people to put into action, and extremely rewarding for those that do.
warshack profile picture
@Tom Honz yep, also Bitcoin will be around long after the USD is gone. And remember the USD has lost like 98% of it's value since 1970. Does that sound Ike something you want to hold?
Tao Jaxx profile picture
@warshack Time to debunk this BS argument typically touted by gold bugs of yore.
It is just based on accumulated inflation since 1970 (52 years ago...) @ 3.94% a year so $100 in 1970 had a purchasing power of $774.62 today. What that means is if you kept dollar BANKNOTES for 52 years, you would have lost 87% of purchasing power.
What king of 2-digit IQ idiot keeps banknotes as an investment?
By the way, On Nov. 10, 2021, Bitcoin reached an all-time high of $68,789. So BTC lost 65% of its value over the last 15 MONTHS. Does that sound Ike something you want to hold?
@Tao Jaxx “So BTC lost 65% of its value over the last 15 MONTHS. Does that sound like something you want to hold?

Does it sound like something you want to short? People short US$ all the time.
For some strange reason, that Queen song, “Another One Bites The Dust” keeps running through my head.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.