Why Silvergate Capital Stock Plummeted Today

·2 min read
Why Silvergate Capital Stock Plummeted Today

Silvergate Capital (NYSE: SI) stock suffered significant sell-offs in Friday's trading. Silvergate provides banking services to leading cryptocurrency exchanges, and its stock price often trades in line with moves for the broader cryptocurrency market. With Bitcoin (CRYPTO: BTC) and other leading digital tokens undergoing steep sell-offs today, the fintech company's share price was dragged lower by the trend.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting