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

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TheNewsCrypto

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