.png){kind=logo}
The early March collapse of three significant cryptocurrency banks, Signature, Silicon Valley Bank, and Silvergate, which had a significant amount of exposure to cryptocurrencies, shocked the economic sectors. These financial institutions were explicitly labeled as adaptable hubs where cryptocurrency investors could store their funds. Fortunately, this week saw the two largest cryptocurrencies' prices turn lushly green.
Experts opine that the failure of these banks will probably have a temporary effect on the cryptocurrency market. They might even be advantageous for cryptocurrencies like Bitcoin and Ethereum. Following the announcement that the Federal Reserve, U.S. Treasury, and FDIC would step in to counterbalance all reserves at SVB and Signature banks, the cryptocurrency market popped to a roar starting last weekend night.
Prices were pushed up by the excessive use of the Ethereum network by cryptocurrency holders trying to exchange their USDC, which had unreachable access to $3.3 billion in SVB, for other stablecoins. Nearly every one of the top thirty cryptocurrencies saw price progress. Along with Bitcoin and Ethereum, Filecoin (FIL), Polygon (MATIC), Solana (SOL), and BNB were some of the biggest gainers. Therefore, as the market prepares for the Bull Run, the Big Eyes coin has caught the attention of cryptocurrency analysts due to its potential for future growth.
According to a Reuters report, the market for digital assets has become more well-liked as a result of the traditional banking sector's increasing instability. This trend started with Silicon Valley Bank's failure and has so far culminated in UBS' acquisition of Credit Suisse at a discount over the weekend.
The data from Coin Market Cap indicates that the price of Bitcoin has risen 36% over the last ten days and is currently trading at $27,781. The industry-services financial institution's failure caused BTC to lose about 10% of its value. The live market cap of BTC is $533,605,171,708.
Ethereum, the second-ranked coin in the market, has returned to its pre-recession level. ETH has increased 27% over the past seven days and is currently trading at $1,832. It has a circulating supply of 122,373,866 ETH coins with a live market cap of $212,506,040,339.
Since its initial presale, Big Eyes Coin, a cryptocurrency with a cat-themed meme, has gotten a lot of backing from crypto analysts. Investors looking for promising investment opportunities are paying attention to the coin due to its astounding presale numbers and cutting-edge features it provides. The entire project offers one-of-a-kind use cases to entice investors. Big Eyes Coin offers 80% of its tokens through a public presale. Big Eyes Coins has made its mark in the cryptocurrency world by raising more than $31 million in just 12 stages of its presale phase. With a 5% split going to the charity wallet, the remaining portion of the funding will be split into one-fourth for marketing and three-quarter for locking in a liquidity pool for two years.
Big Eyes, developed on the Ethereum Network, uses the Proof-of-Stake consensus method to validate transactions. Big Eyes seeks to utilize this protocol to do away with the need for energy-intensive cryptographic mining, which lowers carbon emissions. Additionally, Big Eyes Coin will enable users to scalable, quick, and secure processes. The platform's availability of smart contract options makes it even more appealing to investors and cryptocurrency users. Big Eyes Coin has developed an ICO that enables investors to join the cat community and take part in the decision-making process. 90% of Big Eyes Coin will be available at launch, which is a great reason for cryptocurrency enthusiasts to invest in it.
250% ROI with BULLRUN
The token price is still significantly below market price at stage 12 of the presale, allowing for a respectable profit once the project launches. During the 12th stage of its presale phase, Big Eyes Coin is issuing the bonus code BULLRUN250. This entitles the token purchasers to a return of 250% of their investment in $BIG. For instance, if a user spends $100, he will receive $250 worth of BIG rewards.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
