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Silvergate Bank's implosion came after a bank run. Bearish traders voicing concerns bout the group fueled the crisis, said analysts at J.P.
The past few weeks have seen tech-focused banks offering crypto services and servicing crypto-friendly VCs run into financial difficulties. Silicon Valley Bank stock (NASDAQ:SIVB) dropped by over 60%
Mad Money host Jim Cramer looks at what's going on with the banks.

Silvergate Fallout Weighs on Crypto

07:20pm, Thursday, 09'th Mar 2023
Ava Labs President John Wu joins Ed Ludlow and Caroline Hyde to discuss the Silvergate meltdown's impact on the crypto space, and Avalanche's foray into gaming by partnering with Blitz and TSM. ------
Economic data over the coming weeks could have a big impact on bank and tech stocks, Jim Cramer said.
Wedbush Securities Managing Director of Equity Research David Chiaverini joins Yahoo Finance Live to talk about Silvergate's collapse, stablecoins, and the current state of the cryptocurrency market.
Bitcoin tumbled Thursday to the lowest level since mid-January after Silvergate Capital Corp. said Wednesday it intended to wind down operations and voluntarily liquidate its subsidiary Silvergate Ban
Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch.
"This adds to concerns of higher deposit costs, weakening loan demand, potentially weakening credit cycle and weakness in commercial real estate."
On Wednesday, Silvergate Capital, a publicly traded crypto bank, shared that it would “wind down operations and voluntarily liquidate” its bank division.

Why Are Bank Stocks Down Today?

02:40pm, Thursday, 09'th Mar 2023
After getting off to a strong start, fears spiked about Wall Street returning those gains amid financial sector struggles. Notably, the benchmark exchange-traded fund SPDR S&P Bank ETF (NYSEARCA: KBE
Silvergate Capital Corp , one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily.
Shares of Signature Bank, which has a significant crypto client base, are being weighed down amid the Silvergate implosion. It could be an opportunity for the risk-tolerant.
CNBC's Deirdre Bosa discusses Silvergate Capital and Silicon Valley Bank.
Yahoo Finance's David Hollerith joins the Live show to discuss Silvergate's ongoing dilemma.
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