The U.S. Federal Reserve balance sheet rises by $300 billion as the central bank starts money printing for rescuing cash-strapped banks since the collapse of Silicon Valley Bank and Signature Bank. Bitcoin and Ethereum prices have soared higher as a result, with broader crypto market sentiment turning bullish.

Bitcoin (BTC) price jumped 6% in the last 24 hours and 30% in a week, with the price currently trading at $25,847. The 24-hour low and high are $24,431 and $25,943, respectively. However, the trading volume is yet to increase, indicating traders still anticipating an entry.

Meanwhile, Ethereum price is also witnessing a massive upside move due to rising Coinbase premium and bullish sentiment in the broader crypto market. ETH price is trading at $1,710, up 4% in the last 24 hours. Ethereum developers have set the Shanghai upgrade for April 12.

(By Varinder Singh)