Why Silvergate Capital Stock Popped Today

·1 min read

Shares of crypto-related bank Silvergate Capital (NYSE: SI) jumped as much as 14.5% in trading on Tuesday and closed up 13.7% for the day. Silvergate may be gaining today simply because it's staying afloat as others around the market collapse. If there is a recovery in crypto markets, a company like Silvergate may be in a position to take market share.

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