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Why Buying Bitcoin on the Weekends Is a Costly Idea Now
linkweb3
2023-03-17
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Summary：What the price of Bitcoin will do this weekend is anybody’s guess, but here’s one good bet: The past week’s tumult in banking will make it more costly to trade. Since Silvergate Capital (ticker: SI) said it was winding down and Signature Bank (SBNY) failed, token prices on various trading platforms like Coinbase and Gemini have diverged widely. Traders have been paying hundreds of dollars, and sometimes more than $1,000, more for a single Bitcoin on one platform than on others.
What the price of Bitcoin will do this weekend is anybody’s guess, but here’s one good bet: The past week’s tumult in banking will make it more costly to trade. Since Silvergate Capital (ticker: SI) said it was winding down and Signature Bank (SBNY) failed, token prices on various trading platforms like Coinbase and Gemini have diverged widely. Traders have been paying hundreds of dollars, and sometimes more than $1,000, more for a single Bitcoin on one platform than on others.
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