BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28022 | 1.63% |
| ETHEREUM | $1785 | 2.36% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.20 T | 2.50% |
| TRADING VOLUME | $38.60 B | 25.04% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| CBC.network | $0.0026 | 206.95% |
| SINOVATE | $0.00057 | 104.39% |
| Portify | $0.000017 | 65.78% |
| Recast1 | $0.00000060 | 59.83% |
| ICON | $0.27 | 53.57% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| Wabi | $0.0021 | 67.32% |
| DOEX | $0.000052 | 60.90% |
| Popcron | $0.023 | 55.36% |
| Asian Fintech | $0.0010 | 41.39% |
| Etho YOLOCash | $0.00060 | 32.85% |
At the start of the new month, Bitcoin and other cryptocurrencies began on a weaker note. Investors are currently evaluating recent events such as bank failures, inflation, and regulatory actions that are focused on cryptocurrencies. These events have the potential to either increase or decrease prices.
Major Events Around the World
-
The prominent cryptocurrency exchange, Binance, and its CEO, Changpeng "CZ" Zhao, have encountered numerous obstacles and difficulties in recent times. Merely four days after being sued by the Commodities Futures Trading Commission (CFTC), Binance is now embroiled in another high-profile legal dispute. Despite being a leading player in the cryptocurrency market, Binance has been facing a series of legal challenges that have put its reputation and operations under scrutiny. The latest legal battle is yet another hurdle that the exchange must overcome to maintain its position in the industry.
-
Numerous sources interviewed by Bloomberg have reported that crypto companies are encountering obstacles when attempting to access banking services in the United Kingdom. The limited number of banks that still work with crypto firms are demanding additional documentation and information regarding their clients' transaction monitoring practices. This has resulted in a challenging situation for crypto companies seeking to establish banking relationships in the UK.
-
In recent years, regulators have expressed growing concern about the potential risks that decentralized finance (DeFi) may pose to the traditional financial services sector (TradFi). These concerns have been amplified by events such as the collapse of algorithmic stablecoin terraUST and the failure of the FTX crypto exchange in 2022. Although these incidents had limited spillover effects on established financial institutions, they have raised red flags about the potential systemic risks that DeFi may pose.
COIN GABBAR Views: At the start of the new month, Bitcoin and other cryptocurrencies began on a weaker note. The question on everyone's mind is whether the bull rally will continue or if profit booking can be expected. It's important to keep a close eye on market trends and fluctuations to make informed decisions about investments in the crypto space. Please stay tuned with us www.coingabbar.com
Also read: Sharp Decline in Crypto ATMs Raises Concerns for Industry
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
from Coin Gabbar News https://ift.tt/Hvfmw8b
via IFTTT
