Impact of Silicon Valley Bank on USDC

    The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries. The crossover of the two lines give trading signals similar to a two moving average system.

    Moving Average Convergence/Divergence(MACD)

    The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

    Relative Strength Index (RSI)

    USDC (USD Coin) is a stablecoin, which is a type of cryptocurrency that is designed to maintain a stable value relative to a specific asset, such as the US dollar. In the case of USDC, the asset that the cryptocurrency is pegged to is the US dollar.

    USDC is issued by Centre Consortium, which is a joint venture between Circle and Coinbase. USDC is built on the Ethereum blockchain and is an ERC-20 token. It can be used for a variety of purposes, including making payments, trading on cryptocurrency exchanges, and as a store of value.

    One of the key advantages of USDC is its stability, which makes it less volatile than many other cryptocurrencies. This stability makes it an attractive option for those who want to use cryptocurrency for everyday transactions or as a store of value, but who are wary of the volatility of other cryptocurrencies.

    USDC can be bought and sold on many cryptocurrency exchanges, and can also be used to purchase other cryptocurrencies or as a means of payment for goods and services.

    What is USDC?
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    About Subject

    As we know, Silicon Valley Bank went bankrupt recently, resulting in a huge drop in USDC price. and also USDC has a current issue, and that is concerns from the Center Consortium led by Circle and Coinbase as to whether or not all of the USDC's reserves are actually backed by dollars. The USDC is allegedly backed by a "1:1" flat rate based on reserves in banks where all dollars are stored. Recently, however, some sources claim that USDC's reserves have not been fully disclosed and are not really backed by dollars.

    This has discredited USDC and caused trust issues in the cryptocurrency world. Many investors have lost their trust in USDC, which has had a negative impact on the price of USDC. To regain the USDC's reputation, the Center Consortium may need to disclose its reserves more transparently. So in this dashboard we are going to examine USDC's situation in March.

    Bollinger Bands is a technical analysis indicator created by John Bollinger. It consists of three lines that are plotted on a price chart. The middle line is a moving average, usually calculated using a 20-day period. The upper and lower bands are calculated by adding and subtracting a multiple of the standard deviation from the moving average.

    The standard deviation is a measure of the volatility of the asset's price. The upper and lower bands are typically set at two standard deviations away from the moving average, although the number of standard deviations used can be adjusted to suit the needs of the trader.

    Bollinger Bands are useful for identifying overbought and oversold conditions in the market. When the price of an asset reaches the upper band, it is considered overbought, and when it reaches the lower band, it is considered oversold. Traders often use Bollinger Bands in conjunction with other technical indicators to confirm signals and make trading decisions.

    Bollinger Bands Indicator