Crypto prices traded up marginally, while shares in Coinbase and Silvergate continued to trade lower.
Bitcoin was up 0.1% over the past 24 hours, trading at $16,693. Meanwhile, ether added 0.2% as it traded at $1,212.
Binance’s BNB added 1.5% on the last day. Other cryptocurrencies added modest gains DOT was up 0.5%, and ADA grew by 0.8%. Polygon’s MATIC faltered, falling 0.8%.
Public companies closely tied to crypto and blockchain technology have traded down all week. Early morning trading in the U.S. today showed no signs of a trend reversal.
The S&P 500 and the Nasdaq 100 were up slightly, 0.26% and 0.01%, respectively.
Silvergate, which has traded down throughout the week, dipped 6% shortly after the opening today, according to Nasdaq data via TradingView. Goldman Sachs analysts had revised its price target to $40 from $64. The crypto bank is down almost $10 this week, trading around $26.
Coinbase fell 5% to $46.24. Block shares were down over 1.75% to $66.80. MicroStrategy fell almost 2%, trading around $170.
Grayscale’s bitcoin and ether trust hit new record lows as the firm’s parent company, Digital Currency Group, moved to allay contagion fears.
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