Major digital assets fell in the early hours of the Hong Kong business day as major crypto firms distanced themselves from Silvergate. Due to connectivity issues at Coinbase, Bitcoin’s price fell to an intraday low of $22,020. Ether followed a similar pattern, falling to $1,550 after hovering around $1,650 for the previous day with little movement. Bitcoin’s market cap has dropped by more than $20 billion to $431.9 billion, and open interest has dropped by 8.8% in the last four hours.
Bitcoin, Ether Drop Over 5% in Massive Sell-Off as Market Continues to Digest Silvergate
