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Bitcoin, Crypto Prices Buoyant, While Coinbase Hits All-Time Low As Silvergate Sinks 12%

Bitcoin and other crypto prices are holding onto gains after better-than-expected inflation data ahead of the Fed's last rate decision of the year.

Crypto stocks didn't fare so well, however, with Coinbase hitting an all-time low. Silvergate sank almost 12%.

Bitcoin was trading at around $17,750 at 4 p.m. EST, up over 3% in the past day, according to TradingView data. Most of bitcoin's gains followed the U.S. CPI data at 8:30 a.m. EST. 

Coinbase slumped 9.2%, according to Nasdaq data. Shares of the exchange closed below $40 for the first time since debuting in April 2021 and hit an all-time low of $38.50 toward the end of today's session. 

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