BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28550 | 1.82% |
| ETHEREUM | $1865 | 1.75% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.23 T | 1.30% |
| TRADING VOLUME | $40.80 B | 0.50% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| Zombie Inu(OLD) | $0.000000000029 | 924.11% |
| CorionX | $0.00017 | 97.72% |
| Tycoon | $0.0054 | 89.31% |
| Monetha | $0.0061. | 84.66% |
| Friendz | $0.00017 | 82.88% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| PiccoloInu | $0.0000000078 | 55.08% |
| CBC.network | $0.0014 | 37.52% |
| DEGEN Index | $0.0000033 | 34.93% |
| Wabi | $0.0014 | 28.79% |
| Zipmex | $0.031 | 22.06% |
Bitcoin and Ethereum are exhibiting signs of recovery as the Federal Open Market Committee (FOMC) meeting approaches. Bitcoin (BTC) has experienced a 1.82% increase, reaching $28,550, while Ethereum (ETH) has surpassed the $1,850 level with a rise of $1.75%. The upcoming Fed decision could potentially disrupt the current state of cryptocurrencies, leaving the future uncertain.
Major Events Around the World
On Tuesday, the Reserve Bank of Australia made the decision to increase interest rates by 25 basis points to 3.85%, following a pause last month. This move came as a surprise to investors, as the central bank claimed that further tightening was necessary to control inflation, which has passed its peak but still remains at a high 7%. Similarly, the European Central Bank (ECB) is also expected to raise interest rates as inflation in the Euro Area reaches 7%. While the ECB had initially planned to deliver a 25 basis point rate increase in May, it may now increase the rate by an additional 50 basis points in order to effectively control inflation and bring it down to the target of 2%.
Coinbase, the foremost cryptocurrency exchange in the United States, has recently launched a derivatives exchange in Bermuda as part of its international expansion strategy. This strategic move comes at a time when Coinbase is encountering regulatory challenges in its home country.
The ongoing legal battle between Ripple executives and the U.S. Securities and Exchange Commission (SEC) regarding the classification of XRP, the world's sixth-largest cryptocurrency, has yet to be resolved in court. The attorney representing XRP holders in the lawsuit has criticised the commission for its legal approach.
COIN GABBAR Views: The global market is eagerly anticipating the upcoming US Federal Reserve meeting, with high hopes for the future of cryptocurrency. The question on everyone's mind is whether crypto will rise or fall after the FED statement. To navigate the ever-changing and unpredictable markets successfully, it is crucial to stay informed and knowledgeable about the latest trends, breaking news, technical and fundamental analysis, as well as expert opinions. Therefore, it is essential to keep a close eye on the developments and updates in the crypto world to make informed decisions. Please stay tuned with us www.coingabbar.com
Also read: ‘AI Godfather’ Warns of Technology's Risks After Leaving Google
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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