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Silvergate Capital inventory down 57% since Might 4 amid bitcoin swoon

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Silvergate Capital

shares fell 15.6% on Thursday amid weaker bitcoin costs, as a chartered financial institution that runs a banking portal referred to as Silvergate Trade Community for shoppers together with Coinbase International Inc.
Paxos, Kraken and Bitstamp Ltd. The inventory is down about 57% since Might 4, when it traded at $140 a share. Silvergate Capital is roofed by seven Wall Avenue analysts, all of which have purchase scores on the inventory, in response to FactSet. The inventory is now buying and selling at its lowest level since December, 2020, when it final modified palms across the $60 mark.

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