After falling below the critical $1 trillion mark, the total market capitalization of all cryptos recovered this benchmark and then some.
Indeed, the broader cryptocurrency sector also rebounded sharply. Fortunately for MARA stock, the underlying enterprise reported that its funds are secure and available for use. Marathon held deposits at Signature Bank (NASDAQ: SBNY), which was seized by regulators on Sunday in an effort to stem the contagion of SVB Financial’s (NASDAQ: SIVB) Silicon Valley Bank’s implosion.
In a wild series of trading sessions, blockchain miner Marathon Digital (NASDAQ: MARA) recovered from the market pain associated with the recent banking crisis.
