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The Silver Gate crash sends the value of cryptos plummeting

The world is watching closely whether the fall of crypto currencies will be completed due to the financial problems of ‘Silver Gate’, the main banking service provider of America in the crypto sector. All major cryptocurrencies are falling in price due to problems at crypto-friendly US bank Silvergate Capital. Silver Gate is a widely used payment network to facilitate real-time funds transfer between crypto institutions. But many digital asset exchanges, stablecoin issuers, and trading desks no longer accept payments through Silver Gate. It is suggested that Silver Gate also faced problems following the bankruptcy of crypto exchange FTX. Crash after crash is the current state of affairs in the world of cryptos. The status of cryptocurrencies is getting even worse as things get out of hand at Silver Gate, one of the most influential banks in the digital assets industry.

Today’s prices, 24-hour and seven-day price differences and market capitalization of the 7 cryptocurrencies with the highest market capitalization (market cap) are given below.

This article is only for objective analysis of cryptocurrencies. Cryptocurrency investment is not encouraged.

English Summary : Cryptocurrency Price Last Week

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