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Latest from Jocelyn Yang
Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors
Bitcoin and other major cryptocurrencies declined as the crypto-focused lender’s crisis continued to unfold; ether sinks 7%.
Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’
Over 70% of traders now see the possibility of a 50 basis point rate hike at the March FOMC meeting. Bitcoin has dropped 1.6% in the past 24 hours but remained rangebound.
Bitcoin Continues Trading Sideways at $22.4K as Silvergate Concerns Mount
BTC has traded in a narrow range since it dropped sharply last Thursday because Silvergate’s woes have grown increasingly apparent.
Bitcoin Price Holds Steady Above $23K as Silvergate Capital Crumbles
That Silverage’s troubles are not a negative catalyst for BTC’s price “has to be seen as a positive,” one analyst says.
Bitcoin Holds Strong Over $23.6K to Continue Recent Consolidation
DeFi giant Maker’s MKR token surged nearly 19%. Equities turned mixed amid ongoing investor worries about inflation.
Digital Asset Investment Products’ AUM in February Reaches Highest Level Since May 2022
AUM for these products rose 5.2% last month from January, a CryptoCompare report says.
Crypto Market February Roundup: Bitcoin Layer 2 Protocol Stacks, Ethereum Staking Derivative Tokens Surge
Stacks’ STX token was the biggest winner among 160 assets in the CoinDesk Market Index, soaring 216% during the month.
Coinbase Trade Volume Surpasses Uniswap’s, Countering Expectations for a DEX Surge
Many market observers expected a surge in the use of decentralized exchanges following the collapse of FTX, but analysts said many DEXs offer a less-user-friendly experience than centralized ones.
Bitcoin Hovers Near $24K as Investors Mull Economic Uncertainties
Bitcoin was trading sideways over the past 24 hours, while ether has risen 2.1%.
Filecoin, Storj Tokens Outperform Bitcoin Amid Increased Use of Decentralized Storage Protocols
The utility FIL token jumped 62% over the past week. Decentralized storage protocols have recently gained attention as their use has increased, an analyst said.
