BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $29985 | 1.21% |
| ETHEREUM | $2095 | 0.72% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.32 T | 0.10% |
| TRADING VOLUME | $45.40B | 26.18 |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| Cryptopay | $0.052 | 8112.96% |
| CNVX | $0.010 | 206.48% |
| CoionX | $0.00032 | 62.17% |
| Quark | $0.0013 | 46.22% |
| Cartesi | $0.25 | 38.91% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| TopBidder | $0.022 | 84.17% |
| Vires Finance | $1.43 | 54.99% |
| AVINOC | $0.18 | 49.31% |
| Friendz | $0.00010 | 29.73% |
| BOMB | $0.086 | 28.58% |
Bitcoin is poised to achieve a weekly gain of approximately 10%, following a week in which the leading cryptocurrency surpassed the $30K mark. This milestone was reached after economic data revealed that inflation was easing. Meanwhile, Ethereum is expected to conclude the week with a 16% increase, thanks to the successful implementation of the Shanghai software upgrade. Market analysts anticipate that the Federal Reserve will halt its rate-hiking campaign in June, following a 25-basis point increase in May.
Major Events Around the World
Cryptocurrency has been a hot topic in the United States, with many questioning why regulators seem to be against the web 3.0 ecosystem. The lack of regulatory clarity has only added to the confusion. Since January 2023, the U.S. Securities and Exchange Commission (SEC) has taken multiple enforcement actions against crypto businesses, including big names like Coinbase, Binance, and Kraken. The primary allegation has been the unregistered sale of digital assets. However, the debate continues as to whether certain cryptocurrencies should be classified as securities or commodities.
Billionaire Elon Musk had founded a new artificial intelligence company called X.AI, his biggest rival in the AI space couldn't resist making a sarcastic comment. It seems that ever since the AI chatbot ChatGPT gained popularity, traditional companies have been flocking to the artificial intelligence space. Microsoft even went so far as to purchase equity in OpenAI and integrate ChatGPT into its Bing browser. Additionally, the crypto market has seen a welcome development with the AI tokens category in cryptocurrencies experiencing a significant increase in value over the last few months.
The US House Committee on Financial Services is scheduled to hold a hearing next week on "Understanding Stablecoins' Role in Payments and the Need for Legislation." This hearing will focus on the potential of stablecoins to support beneficial payment options, as well as the risks they pose to users and the broader financial system. Stablecoins play a crucial role in the liquidity of the crypto market, as they provide easy access to fiat currency through their peg to the US Dollar. As such, any potential legislation or regulation surrounding stablecoins could have a significant impact on the crypto industry as a whole.
COIN GABBAR Views: The possibility of a new Bull Run is looming as Ethereum's founder issues a bullish prediction in the wake of a game-changing upgrade that has helped Bitcoin's price rally. Bitcoin has experienced a surge in recent times. As such, the question arises: is it time to invest in new cryptocurrencies for the upcoming Altcoin season? What do traders predict?As such, it is important to stay informed and educated about the latest news and trends in order to make informed investment decisions. Please stay tuned with us www.coingabbar.com
Also read: Get Ready for the Ultimate Giveaway: CoinGabbar Offering 3.5 Billion DogelonMars Tokens!
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.
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