Dogecoin (CRYPTO: DOGE) dropped 7% in the last 24 hours, as major cryptocurrency firms continue to distance themselves from Silvergate Capital (NYSE: SI).
Major coins traded in the red on Thursday evening as the cryptocurrency market experienced intense sell-off pressure in response to news of troubles at Silvergate Capital Corp.
Major coins traded in the green on Wednesday evening as investors grew less worried about regulatory risks and focused more on the increasing demand that surfaced in February.
Shiba Inu (CRYPTO: SHIB) was edging over 2% higher during Wednesday’s 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC), which was rising by about the same amount.
Dogecoin (CRYPTO: DOGE) co-founder Billy Markus on Monday affirmed that if Bitcoin (CRYPTO: BTC) isn't characterized as a security, then the same should apply to Dogecoin.
Major coins traded in the red on Monday evening, following yet another turbulent week of macroeconomic uncertainty and ongoing fears of regulatory repercussions.
Bitcoin (CRYPTO: BTC) fell almost 6% lower Friday morning in tandem with the general market after the Bureau of Economic Analysis reported a 5.4% increase in the personal consumption expenditures (PCE)