Why Buying Bitcoin on the Weekends Is a Costly Idea Now

What the price of

Bitcoin

will do this weekend is anybody’s guess, but here’s one good bet: The past week’s tumult in banking will make it more costly to trade.

Since

Silvergate Capital

(ticker: SI) said it was winding down and Signature Bank (SBNY) failed, token prices on various trading platforms like

Coinbase

and Gemini have diverged widely. Traders have been paying hundreds of dollars, and sometimes more than $1,000, more for a single Bitcoin on one platform than on others.