Silvergate is faced with significant uncertainty about deposit flows in the near-term, said the analysts, estimating that Silvergate digital deposits are down 60% quarter-on-quarter so far in Q4. As clients withdraw their deposits the bank faces pressure on net interest margins (NIM) and net interest income (NII) as it needs to fund outflows with securities sales and more costly wholesale borrowing.
Decision Zone: Bitcoin Compresses Under $72K With $80K or $60K in Sight
Bitcoin value stands at $69,397, commanding a market capitalization of $1.40 trillion, with $42.58 billion in 24-hour buying and selling...
