This has been a year many investors would like to forget, with the S&P 500 index off to its worst first-half start in 50 years. Cryptocurrency markets have taken an even bigger hit, and Bitcoin is down over 50% since the beginning of the year.

The volatility in crypto markets has hurt many stocks, including the crypto bank Silvergate Capital (NYSE: SI). However, the bank surprised some investors when it announced stellar earnings results this week. Despite volatility in crypto markets, the bank crushed estimates, thanks to rising interest rates. Here's how.

In June, the consumer price index (CPI), which measures the changes in the cost of consumer goods, increased 9.1% on an annual basis. This is the highest reading we've seen since November 1981.

Continue reading

Source Fool.com