Crypto News

Ether, Polkadot slide with equities as Silvergate surrenders Monday’s gains

Invest in the foreign stock market

Opening a foreign stock account through a local bank is every investor’s nightmare. The process involves lots of paperwork and undue stress. But why go through such a tedious exercise when there is a better solution? Stocks profit is an algorithmic trading platform that brings the world stock exchange market to your pocket. It does this by connecting investors to regulated online brokers that help them open a live account in their desired location. The platform is trusted within the trading community, and there is no limit to the stocks and other commodities you can access. Sign up on Stocks Profit for free to open a foreign stock account and tap into a world of endless possibilities.

Crypto prices were relatively steady, while ether and DOT dipped. Silvergate sank as equities were in the red.

Bitcoin continues to trade around $23,000, relatively flat throughout the day, according to TradingView data.

BTCUSD chart by TradingView

Ether slid around 1% to $1,614 by 4:25 p.m. EST, and Polkadot’s DOT dropped 2.6% in the same period.

ETHUSD chart by TradingView

Crypto stocks and structured products

Silvergate shed 11% to around $14.27, according to Nasdaq data, having gained 17% during Monday’s session.

Coinbase dropped 4.3% to $53.56, and Block and MicroStrategy fell about 1%.

Grayscale’s premier fund, the Grayscale bitcoin trust (GBTC), fell 2.5% to $11.97. Shares in the fund now trade at a discount of 41.5% to the value of the bitcoin in the fund, according to The Block data.

   

Source

Exit mobile version