BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28040 | 4.08% |
| ETHEREUM | $1833 | 2.65% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.21 T | 1.50% |
| TRADING VOLUME | $40.60 B | 5.36% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| GM | $0.000011 | 81.72% |
| SCOneX | $0.0035 | 74.91% |
| Axe | $0.0056 | 63.64% |
| Varen | $15.42 | 43.53% |
| PolySwarm | $0.013 | 41.61% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| Zombie Inu(OLD) | $0.000000000028 | 90.44% |
| MobieCoin | $0.000040 | 65.04% |
| Ravendex | $0.000057 | 53.45% |
| dfohub | $0.0013 | 53.14% |
| Aircoins | $0.000014 | 43.00% |
On May 01, The leading cryptocurrency has relinquished all recent gains and seen a sharp decline. Traders have opted to secure profits in anticipation of this week's significant event. As the pivotal U.S. Fed meeting approaches on Wednesday, Bitcoin has experienced a 4.08% decline, currently sitting at $28,040. Ethereum, the second-largest player in the crypto market, has also experienced a 2.65% drop, currently valued at $1,833, and continues to trail behind BTC.
Major Events Around the World
The future of the cryptocurrency market may be significantly impacted by a new consideration by the US Supreme Court. This comes as the industry faces an increasingly stringent regulatory environment in the United States. As previously reported by CoinGape, the top court has agreed to consider reducing the powers of federal regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). These agencies have already taken enforcement actions against major crypto businesses, including Binance, Coinbase, and Kraken.
Based on on-chain data, the Bitcoin exchange reserve ratio for US versus offshore platforms has been decreasing as of late. This trend coincides with a widespread regulatory crackdown on crypto-related businesses in the United States, which has caused investors to lose faith in the market.
It may come as a surprise to some, but Poloniex, a crypto exchange based in Boston, has agreed to pay a staggering $7.59 million to settle allegations of violating sanctions with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC). The settlement will come as a relief to many of Poloniex's customers. According to a press statement released by OFAC, the platform committed over 66,000 violations of multiple sanctions programs. These violations allowed customers from Crimea, Cuba, Iran, Sudan, and Syria to trade up to a total of $15 million between January 2014 and November 2019.
COIN GABBAR Views: As the whole global market is waiting for the upcoming US Federal Reserve meeting with optimism for the future of cryptocurrency. Will crypto rise or fall after the FED statement. In order to successfully navigate the ever-changing and unpredictable markets, it is imperative to remain informed and knowledgeable about the latest trends, breaking news, technical and fundamental analysis, as well as expert opinions. Please stay tuned with us www.coingabbar.com
Also read: SEC Fined Coinme $4M For 'Misleading' UpToken ICO
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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