Bitcoin drops below $20,000; $70 billion wiped out in the crypto market

Bitcoin has been under pressure since the Federal Reserve signaled interest rates could move higher than expected and after a major crypto-focused lender, Silvergate Capital, collapsed. Jonathan Raa | Nurphoto | Getty Images Bitcoin fell below $20,000 on Friday, reaching an all-time low in nearly two months, following a sell-off in the US stock market … Read more

Keep an eye on banks, economic data, says Jim Cramer

Economic data over the coming weeks could have a major impact on banking and technology stocks, said Jim Cramer. After a rough day for names like Silvergate, there is still hope on the horizon. Foamy markets and banking turmoil are casting a pale on broader markets, but investors should keep an eye on economic data … Read more

Stocks making the biggest moves in the afternoon: GE, SI, PTN, ETSY

jetcityimage | iStock Editorial | Getty Images Take a look at the companies that take the biggest steps in the afternoon: General Electric – Shares rose 6.3% after the company provided an update ahead of its investor meeting, including reaffirming its 2023 outlook of single-digit organic sales growth, adjusted earnings per share of $1.60-$ 2 … Read more

Bitcoin, ether fall after go-to crypto bank Silvergate announces liquidation

Dizziness3d | iStock| Getty Images Cryptocurrency prices fell on Thursday after Silvergate, a bank central to the industry’s growth, decided to close. Bitcoin fell 2% to $21,570.04, according to Coin Metrics. Ether lost nearly 2% and last traded at $1,527.58. The slight move to the downside began late Wednesday, a few hours after Silvergate Capital … Read more