USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses
USDC's normally stable price sank to 87 cents from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
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The GAS price is $3.35, a change of 3.30% over the past 24 hours as of 8:45 a.m. The recent price action in GAS left the tokens market capitalization at $96,511,288.62. So far this year, GAS has a change of 71.17%.
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USDC's normally stable price sank to 87 cents from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
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