Captured By Tracy D'souza / 1:52 pm on 13 March 2023
The market cap of all cryptocurrencies is back above the $1 trillion mark. After a joint statement from the Federal Reserve, U.S. Treasury, and FDIC declared that all depositors of now-shuttered Silicon Valley Bank and Signature Bank will be able to get their funds out on Monday, the battered crypto market turned green. Late on Sunday night, Bitcoin (BTC) was up to $22,300 and Ethereum (ETH) was at $1,596, both up around 8% in the past 24 hours, according to CoinMarketCap price data.
