On Wednesday, SVB announced that it needed to raise $2.25 billion in order to maintain its balance sheet, shocking its investors with the aggressive rate expansion of its fade reserves.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest