It Has Been 4 Trading Days Since Crypto-Friendly US-Based Bank Silvergate Capital Was Listed The New York Stock Exchange (NYSE: SI) - The Firm's Shares Have Risen ~13% Since The Issue - We Provide Context And Insights
A volatile weekend for bitcoin (BTC) that saw the coin trade both above and below USD 9,000. Yesterday crypto pointed lower with nearly all of the Top 10 in the red.
Crypto prices are marginally positive this morning but none of the Top 10 is up more than +5%. Volumes have once again fallen off a cliff with 24-hour activity back to some of its lowest levels of the year.
Crypto prices are marginally lower overnight. A 'flash crash' took place on the Deribit crypto-settled derivatives platform yesterday afternoon resulting in customer losses (see Crypto Headlines).
Crypto is lower this morning with most coins in the Top 10 down -3 to -5%. Activity has remained steady, with spot volumes still above 30-day averages.
There Has Been Plenty Of Discussion Around China's Crypto / Blockchain / Digital Currency Ambitions. We Believe There Are Widespread Misrepresentations And Misunderstandings Of The Government's Intentions.
