Silvergate Collapse Causes Further BTC, ETH Losses The trouble surrounding Silvergate is getting even bigger. So big, in fact, that the prices of many leading digital currencies – including bitcoin and Ethereum – took serious dips during the early weeks of March. Silvergate Crash Causes Crypto Assets to SinkBitcoin, for example, fell from about $22,300 to just over $20,000 after news emerged that Silvergate was planning to shut down completely. The company said it will wind down all operations and liquidate the assets it’s holdings in the coming weeks. There is good news in that bitcoin – which only fell by about $2,000 or so – likely priced the move in during the preceding weeks given the dip was so small. It is possible bitcoin was expecting something like this to happen and it was likely prepared for it, thus shielding investors and traders from what could have easily been a serious situation.