Bitcoin
and other cryptocurrencies were falling Thursday, under pressure but holding key levels amid signs of distress at
Silvergate Capital
an influential banker to the digital asset industry. The price of Bitcoin has declined nearly 2% over the past 24 hours to $23,275. The largest crypto has consolidated between $23,000 and $24,000 in recent weeks, stagnating somewhat after a rally to start 2023 saw it jump from around $16,500 to as high as above $25,000—its best levels since last summer.