{"id":31897,"date":"2023-03-06T14:53:51","date_gmt":"2023-03-06T14:53:51","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/03\/06\/cryptos-falter-as-silvergate-developments-hurt\/"},"modified":"2023-03-06T14:53:51","modified_gmt":"2023-03-06T14:53:51","slug":"cryptos-falter-as-silvergate-developments-hurt","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/03\/06\/cryptos-falter-as-silvergate-developments-hurt\/","title":{"rendered":"Cryptos Falter As Silvergate Developments Hurt"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Crypto market capitalization dropped close to half a percent in the past 24 hours to $1.02 trillion amidst weak sentiment triggered by developments at crypto-focused Silvergate Bank. Bearish outlook was also supported by reports of release of creditor payments from the bankrupt MT Gox exchange.<\/p>\n<p>Shares of Silvergate Corporation are trading more than 9 percent lower on Monday after it announced the shutting down its crypto currency payments network called the Silvergate Exchange Network (SEN).<\/p>\n<p>Bitcoin shed 0.09 percent overnight to $22,438.74, after trading between a high of $22,497.00 and a low of $22,331.31 in the past 24 hours.<\/p>\n<p>Ethereum&#8217;s overnight losses were at 0.15 percent and the leading alternate coin is currently trading at $1,569.72. ETH ranged between $1,574.23 and $1,557.36 in the past 24 hours.<\/p>\n<p>4th ranked BNB (BNB), 6th ranked XRP (XRP), 7th ranked Cardano (ADA), 8th ranked Dogecoin (DOGE) and 9th ranked Polygon (MATIC) have all lost between 1.5 and 2 percent. <\/p>\n<p>77th ranked GMX (GMX) rose 4.4 percent in the past 24 hours. 45th ranked Decentraland (MANA) and 95th ranked EthereumPoW (ETHW) also rallied around 3.4 percent overnight. <\/p>\n<p>80th ranked SingularityNET (AGIX) was the biggest laggard with an overnight decline of 6.7 percent. 71st ranked Dash (DASH) also dropped more than 6 percent.<\/p>\n<p>80th ranked Singularity NET (AGIX) continues to be the top gainer among the top 100 cryptocurrencies in 2023 with a surge of more than 870 percent.<\/p>\n<p>Meanwhile, the CoinShares&#8217; Digital Asset Fund Flows Weekly report on institutional investments showed an outflow of $17 million for the week ended March 3. Bitcoin products recorded outflows of $20.1 million whereas short bitcoin products registered inflows of $1.8 million. <\/p>\n<p>The country-wise analysis shows outflows of $13.6 million in Germany and 6.5 million in Switzerland. United States recorded inflows of $7.6 million followed. Cumulative AUM stood at $28.75 billion.<\/p>\n<p>For More Cryptocurrency News, visit rttnews.com <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Cryptos Falter As Silvergate Developments Hurt<\/a><br \/>\n<br \/>2023-03-06 14:53:51<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto market capitalization dropped close to half a percent in the past 24 hours to $1.02 trillion amidst weak sentiment triggered by developments at crypto-focused Silvergate Bank. Bearish outlook was&#8230;<\/p>\n","protected":false},"author":2,"featured_media":31898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1563089145-599997674d42?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[32],"tags":[],"class_list":["post-31897","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/31897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=31897"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/31897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/31898"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=31897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=31897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=31897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}