As a result, major crypto clients announced they would suspend their relationship with the bank, and its stock price fell 58% in intraday trading to an all-time low of $5.72 – down over $115 over the past year. Its stock tumbled even further after today’s announcement in after-hours trading. Signature Bank, another crypto-friendly bank, saw its own stock tumble around 5% in after-hours trading dipping nearly 10% before rebounding slightly.
Source: https://www.coindesk.com/policy/2023/03/08/crypto-bank-silvergate-announces-voluntary-liquidation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines