Crypto prices have surged following the prospect of financial support from the US government for depositors, new liquidity injections, and easier policies from the US Federal Reserve in response to recent US bank failures. The world’s largest cryptocurrencies, Bitcoin and Ether, have increased by around 16% and 13%, according to CoinMarketCap. Also contributing to the boost is the fact that USDC now retains its 1:1 peg to the US dollar, thanks to the US government’s promise to compensate all depositors, including USDC’s issuer Circle, and Binance’s $1 billion BUSD investment. Conflux (CFX) is currently the top-performing cryptocurrency among the top 100 by market cap, having gained 65% in the last 24 hours, while Love Hate Inu (LHINU) has garnered $400,000 in less than a week since the start of its presale, and Metropoly aims to democratize real estate investments through its NFT marketplace.
