Watch these 5 cryptocurrencies for a potential price rebound next week By Cointelegraph

Traders dumped risky assets following the crisis and failure of Silicon Valley Bank (SVB). The S&P 500 Index plunged 4.55% while (BTC) is down about 9% this week.

The collapse of SVB led to a crisis in the crypto space with (USDC) losing its peg to the U.S. dollar on reports that $3.3 billion of Circle’s $40 billion of USDC reserves were held at SVB. After trading near $0.87 on March 11, USDC has climbed up above $0.96 at the time of publication.