BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28849 | 1.94% |
| ETHEREUM | $1905 | 1.98% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.25 T | 1.40% |
| TRADING VOLUME | $79.90 B | 73.42% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| Work Quest | $0.0013 | 420.24% |
| CREDITS | $0.0080 | 82.25% |
| DOEX | $0.00043 | 82.15% |
| LuaChow | $0.00000043 | 64.54% |
| Degis | $0.071 | 64.47% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| AVINOC | $0.40 | 80.76% |
| The ChampCoin | $0.00076 | 34.33% |
| Wabi | $0.0014 | 31.19% |
| Egretia | $0.00020 | 28.95% |
| NFT Protocol | $0.016 | 28.59% |
On Thursday morning in Asia, Bitcoin experienced a surge in value, trading above $29,000 after a sharp decline earlier. Eth also saw gains, while other top 10 non-stablecoin cryptocurrencies had mixed results. The Ada token from Cardano emerged as the top performer. Meanwhile, U.S. equity futures rose in Asia, thanks to stronger earnings from Meta overnight. On Wednesday, Wall Street closed with mixed results, as concerns about the banking industry continued to linger.
Major Events Around the World
The Securities Commission of the Bahamas (SCB) has taken a proactive approach to learn from the collapse of FTX Derivatives Exchange. As a result, the SCB has introduced a comprehensive set of rules that will strictly govern the activities of Virtual Assets Service Providers (VASPs) seeking to conduct business on its shores. In addition to its existing regulations, the SCB has strengthened its financial and reporting standards for trading platforms, custody service providers, staking operators, and asset managers operating in the virtual asset space. These measures are aimed at ensuring that VASPs operate in a transparent and secure manner, thereby safeguarding the interests of investors and the integrity of the financial system.
During a Bitcoin policy summit hosted by Swan Bitcoin on Wednesday, United States Senator Ted Cruz expressed his strong support and optimism for the flagship cryptocurrency, Bitcoin. Cruz revealed that he regularly purchases Bitcoin every Monday morning and even took advantage of the recent price drop by "buying the dip."
The latest reports indicate that First Republic Bank (FRC), a financial institution facing difficulties, has proposed raising capital by offering its bonds to the U.S. government at a value above the market rate. However, it appears that the government is currently not interested in participating in these negotiations. First Republic Bank (FRC) is seeking to improve its financial situation by offering its bonds to the U.S. government at a premium price. This move could potentially provide the bank with the necessary capital to overcome its current challenges. However, it seems that the government is not currently interested in engaging in these discussions.
COIN GABBAR Views: Crypto market has recently seen a surge in the value of Bitcoin, leading many to wonder if the crypto winter is finally coming to an end. However, the question remains whether this rally will continue. All eyes are on the Federal Reserve's upcoming decision on May 3rd, as the crypto market eagerly anticipates its impact. Some are optimistic that Bitcoin and Ethereum will surpass their respective thresholds of $30,000 and $2,000, while others predict a drop towards $25,000 and $1,600. To navigate these volatile markets, it is essential to stay up-to-date on the latest trends, news, technical and fundamental analysis, and expert opinions. Please stay tuned with us www.coingabbar.com
Also read: USDC Market Cap Drops by Half Due to Regulatory Crackdowns
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.
