Bitcoin

Ethereum

USDC

Shiba Inu

<ul><li>The top trending coins are USDC, SHIB, and ETH.</li><li>Ethereum (ETH) price soared about 4.5% in a day.</li></ul>Since heightened volatility during pre-market hours on Monday, significant bank stocks have been suspended in the wake of <a href="https://thenewscrypto.com/tag/silicon-valley/" rel="noopener noreferrer nofollow">Silicon Valley Bank’s</a> demise. That led equities to witness a crucial selloff. Also, the shares of First Republic Bank dropped by more than 60% due to a cascading effect from the second-largest bank in the U.S.As a result of the stress over the US banking industry, the global cryptocurrency market is again moving in a “Bull Market” direction. At the time of writing, the global crypto market cap surged over 5.30% in the last 24 hours.Let’s take a glance at the top trending cryptocurrencies of the day, as per CoinMarketCap.<h3 id="usd-coin-usdc">USD Coin (USDC)</h3>Crypto’s second-largest stablecoin USDC buzzed social media by rebounding its 1 dollar peg after being depegged from its standard $1 to as low as $0.87 on 11th March. This price change might have been a result of the Circle, which is behind the <a href="https://thenewscrypto.com/usdc-back-on-track-as-circle-announces-corporate-resources-backing/" rel="noopener noreferrer nofollow">stablecoin announcing</a> that it would cover any of its USDC reserves. At the time of writing, USDC traded at $0.9992, which increased around 0.64% in a day. But its market cap of $39 billion is down by 3%.<h3 id=""></h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e7c8e8a274e54074a494af8307c6e035.jpg" />USD Coin (USDC) Price Chart (Source: <a href="https://coinmarketcap.com/currencies/usd-coin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>)<h3 id="shiba-inu-shib">Shiba Inu (SHIB)</h3>Shiba Inu’s developer Shytoshi Kusama debuted its <a href="https://thenewscrypto.com/the-long-awaited-shibarium-is-live-will-it-boost-the-shiba-inu-shib-price/" rel="noopener noreferrer nofollow">much-awaited layer-2 blockchain</a> “Shibarium” on Sunday, which seems the right time. Following that, the memecoin trading popularity has skyrocketed. At the time of writing, Shiba Inu traded at $0.0000112 with a trading volume of $376 million, an increase of about 27%. SHIB price soared over 3% in a day.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c882d7b9753c42a581d7e386d1a8235c.jpg" />Shiba Inu (SHIB) Price Chart (Source: <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>)<h3 id="ethereum-eth">Ethereum (ETH)</h3>Ethereum is in 3rd place in the trending cryptocurrency of the day list. The first altcoin regained its $1.7K price range after getting dive into the $1.3K price level on Friday. At the time of writing, ETH traded at $1,675 and holds a market cap of over $205 billion. <a href="https://thenewscrypto.com/tag/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> 24-hour trading volume climbed to 414 billion, up by 13%. Also, the ETH price surged 7% in a week and  8.6% in a month.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e52baf69f5054496b28ba58d979325da.jpg" />Ethereum (ETH) Price Chart (Source: <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">CoinMarketCap </a>)Further, the largest cryptocurrency Bitcoin (BTC) price surged over 9% in the last 24 hours and traded at $24,511, after dipping to the $19K range last week.

Crypto Market Signals Bullish with Recent USDC, SHIB & ETH Rally

Table of Contents

TheNewsCrypto

Other articles published on Mar 14, 2023

Crypto Has Just Been Reminded About the Importance of Banks

Ripple CEO Assures ‘strong financial position’ Despite SVB Collapse

One River CEO confirms the start of the crypto bull run

Trading of Several Banking Stocks Halted Due to Extreme Volatility

From Panic To Profits: How A Bank Run Sparked A Crypto Market Rally

Aussie Digital - E-Commerce, Social Media, Exchange

Join our free newsletter for daily crypto updates!