The market is down on these stocks despite the fact that they continue to grow through a challenging environment.
(Bloomberg) -- Analysts and investors are struggling to call a bottom in crypto stocks in the wake of a brutal month that ended with the head of BlackRock Inc. saying most digital-asset firms won’t survive. Most Read from BloombergOPEC+ Latest: Group Agrees to Keep Oil Production UnchangedElon Musk Says Apple Is ‘Fully’ Advertising on Twitter AgainOPEC+ Pauses as Russia Sanctions and China Covid Rules Roil Crude MarketsThis Stock Strategist Says We’ll See 5% Inflation for the Next DecadeChina’s
Cryptocurrency markets have been under pressure this year, and the collapse of FTX has only made things worse. Many crypto-related stocks are taking a beating in recent weeks due to the fallout from FTX's filing for bankruptcy protection. One stock feeling the pressure is Silvergate Capital (NYSE: SI), a bank focused on serving cryptocurrency customers.