Hey guys, Silicon Valley Bank contagion is spreading fast,
this resulted in heavy depegs of USDC , DAI, FRAX. 10%-20% losses
currently rebound in progress, but not sure that the worst is over yet.
USDC holds a circulating supply of around 40 .9 billion while its market cap declined to stand at $35.4 billion. The deficit between the dollar pegged value and current standing value is on a stretch as the market is witnessing a high liquidity situation now.
USDC is not the only stablecoin facing depegging troubles amid the contagion. DAI, an Ethereum based stablecoin, dollar pegged value also took a hit. DAI price dropped by 10% over the past day. It is trading at an average price of d $0.924, at the present time.
Overall, not a great looking situation and extreme caution is advised.
So far USDT is not impacted and maintaining it's peg to USDT at 1/1.
USDD which have already seen the depegging related troubles, is also down by around 8% in the last 24 hours. USDD is trading at an average price of $0.93
this resulted in heavy depegs of USDC , DAI, FRAX. 10%-20% losses
currently rebound in progress, but not sure that the worst is over yet.
USDC holds a circulating supply of around 40 .9 billion while its market cap declined to stand at $35.4 billion. The deficit between the dollar pegged value and current standing value is on a stretch as the market is witnessing a high liquidity situation now.
USDC is not the only stablecoin facing depegging troubles amid the contagion. DAI, an Ethereum based stablecoin, dollar pegged value also took a hit. DAI price dropped by 10% over the past day. It is trading at an average price of d $0.924, at the present time.
Overall, not a great looking situation and extreme caution is advised.
So far USDT is not impacted and maintaining it's peg to USDT at 1/1.
USDD which have already seen the depegging related troubles, is also down by around 8% in the last 24 hours. USDD is trading at an average price of $0.93
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💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.