Bitcoin Falls a Fourth Day as Silvergate Troubles Weigh on Crypto
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Bitcoin fell for a fourth day, sending the world's largest cryptocurrency to the lowest in nearly a month as sentiment in digital assets sours following the collapse of yet another onetime industry mainstay. The digital token fell as much as 2.7% on Thursday before recouping some losses to trade at around $21,500. Other tokens such as Ether also edged lower. Renewed turmoil in an industry already rocked by a series of blowups has put some investors on edge. The latest causality involves crypto-friendly bank Silvergate Capital Corp, which announced plans Wednesday to wind down operations and voluntarily liquidate its bank. Its unraveling comes at a time of heightened regulatory scrutiny of the industry. “It's hard to make a fundamental argument for crypto here, just given...