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How Rising Interest Rates Propelled This Crypto Stock Higher

·4 min read
How Rising Interest Rates Propelled This Crypto Stock Higher
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The volatility in crypto markets has hurt many stocks, including the crypto bank Silvergate Capital (NYSE: SI). Despite volatility in crypto markets, the bank crushed estimates, thanks to rising interest rates. Since March, the Fed has raised interest rates from near-zero to a target range between 1.5% and 1.75%.