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A slight increase in the price of Bitcoin by 0.08% in the last 24 hours

 Bitcoin and several other cryptocurrencies saw their prices drop last week, due to a number of changes in the cryptocurrency market, including the announcement that crypto bank Silvergate was suspending its crypto payment network.

Bitcoin experienced

Today, Monday, bitcoin recorded a slight increase of 0.08%, at $ 22,375, on both national and international exchanges, according to gadgets360.

Ether, the second most expensive cryptocurrency after Bitcoin, saw its price drop on Monday, as its value, at the time of writing, was $1,561 with a decrease of 0.38%.

The overall cryptocurrency market valuation is down 0.58%, according to CoinMarketCap, and the global cryptocurrency market cap is $1.02 trillion in the last 24 hours.

Last week, troubled crypto bank Silvergate announced the suspension of its crypto payment network, and the bank reportedly lost more than $8 billion worth of crypto deposits, as many members of the community pulled out their investments due to the risks.

The California, US-based bank is reviewing its books with auditors in order to find a way out of the financial crisis, as the revelations of the Silvergate turmoil resemble the fate of the now-bankrupt FTX crypto exchange, which has led to risks of financial instability for cryptocurrency holders, leading to to the continuous slowdown in the market.