March 2, 2023

Cryptocurrency roundup for March 2: Coinbase CEO defends staking product amid SEC crackdown and more

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Cryptocurrency Prices Show Slight Increase, Crypto Stocks Experience Dip

On Wednesday, cryptocurrency prices showed a slight increase, with most digital assets trading within a narrow range, while crypto stocks experienced a dip after opening. According to CoinGecko data, Bitcoin traded around $23,590, representing a 2% rise, while Ether saw a 3.4% increase, trading at $1,661. Cryptocurrencies performed well across the board, with CFX gaining over 9% following a $10 million token round. Meanwhile, crypto-friendly bank Silvergate’s shares whipsawed after opening, declining 2.7% by 10:15 a.m. EST. Coinbase fluctuated between red and green, trading down 1% to $64.16, and Block and MicroStrategy saw declines of 2% and 1.4%, respectively.

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