EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Coinbase, Silvergate And Crypto Stocks Tick Lower, Grayscale Trusts Hit New Lows

Admin by Admin
November 18, 2022
in Crypto News
0
CFTC Commissioner Says Congress Must Order Crypto Regulators To Cooperate
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
Webinar Webinar

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.

The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low on Thursday.

GBTC is currently trading at a discount of -42.7%, its lowest point ever, according to The Block’s Data Dashboard. The discount represents the market price of GBTC shares, which are more than 40% lower than its net asset value, or NAV.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: coinbaseCryptosilvergate
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Shiba Inu Price Sees Bulls Positioning for Upside Squeeze

Next Post

D-Day Looms For Bitcoin

Admin

Admin

Next Post
Bitcoin Miner Marathon Digital Receive Subpoena from SEC Over Violations Of Securities Laws

D-Day Looms For Bitcoin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Meta (Ex-Facebook) Fined €1.2 Billion In Landmark EU Ruling

Meta Verified Shows A Company Running Out of Ideas

February 22, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance CEO Supports Terra Classic Raising LUNC Burn Tax To 0.5%

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 2023
Binance To Disable Privacy Coins DASH, XMR, ZEC In France

Binance To Disable Privacy Coins DASH, XMR, ZEC In France

June 1, 2023
Former SEC Exec Predicts Crackdown On Crypto Influencers

Former SEC Exec Predicts Crackdown On Crypto Influencers

June 1, 2023

Recent News

EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 2023
Binance To Disable Privacy Coins DASH, XMR, ZEC In France

Binance To Disable Privacy Coins DASH, XMR, ZEC In France

June 1, 2023
Former SEC Exec Predicts Crackdown On Crypto Influencers

Former SEC Exec Predicts Crackdown On Crypto Influencers

June 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>