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USDC Is Below $1! Can Crypto Make A Comeback Or Is It Over?
This past week USDC lost it's peg to $1 due to over $3 billion of reserves inside of Silicon Valley Bank vanishing. Silicon Valley Bank experienced a classic bank run where they lent out all deposits and when people came to withdraw their money it was all gone. This sent the crypto market into a panic as USDC fell below $0.90 but has recovered slightly. Fiat banks are going under as the crypto continues to get attacked from all angles, and they say crypto is too dangerous and risky. Oh the irony. In this livestream Connor from Crypto Empire will cover all of the important updates surrounding the USDC de-pegging, Silicon Valley Bank shutting down, Bitcoin and altcoins crashing, and much more relevant information. Also find out the best way to approach trading this upcoming week with the emergency FED meeting on Monday 3/12 in regards to Silicon Valley Bank. Enjoy the stream and let the gains be with you!
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The information contained herein is for informational purposes only. Crypto Empire does not guarantee any particular outcome. Past performance does not indicate future results.
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