Crypto Anticipates Largest Week Ever as Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon, and Solana Witness Unpredictable Price Fluctuations.

Cryptocurrency prices, including Bitcoin, have plunged after a regulatory “war” on crypto intensified. Bitcoin’s price had soared by 50% since the start of the year and the crash has wiped out $100bn from the combined market of ethereum, BNB, XRP, cardano, dogecoin, polygon and solana. Now fears are mounting that Silvergate, a crypto bank once seen as a game-changer in the sector, is on the verge of collapse, with one short-seller predicting it may implode this week. Moody’s has already downgraded the bank’s deposit rating after the company reported a $1bn loss for the fourth quarter and warned over its “its ability to continue as a going concern”. Crypto heavyweights such as Coinbase and Galaxy Digital have stopped using the bank. Silvergate and rival Signature Bank began banking crypto exchanges and other crypto companies in recent years, helping the industry expand via a “bridge” to crypto from the world of traditional finance.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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