Crypto Market Rallies on FDIC Banking Intervention, USDC Regains Dollar Peg

All cryptocurrencies’ market capitalization has surpassed $1 trillion once again. The damaged cryptocurrency market turned green after a joint statement from the Federal Reserve, U.S. Treasury, and FDIC stated that all depositors of the now-shuttered Silicon Valley Bank and Signature Bank will be allowed to get their monies out on Monday.