BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $29050 | 1.68% |
| ETHEREUM | $1900 | 1.87% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.25 T | 1.80% |
| TRADING VOLUME | $80.50 B | 97.30% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| Solrise Finance | $0.019 | 85.06% |
| Metacourts | $0.00020 | 76.41% |
| Kampay | $0.0042 | 57.34% |
| LunaChow | $0.00000038 | 44.28% |
| Doubloon | $0.012 | 31.79% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| Zombie Inu(OLD) | $0.000000000028 | 90.54% |
| SINOVATE | $0.00029 | 48.98% |
| Populous | $0.017 | 41.22% |
| SCOneX | $0.0020 | 35.53% |
| Tokenplace | $0.0017 | 32.94% |
Bitcoin and Ether experienced a surge in value, while the other top 10 non-stablecoin cryptocurrencies showed a mixed performance. The Federal Reserve has implemented a 25 basis point increase in interest rates, as anticipated. However, Fed Chair Jerome Powell has cautioned that inflation remains a looming threat, which has raised concerns about the possibility of further rate hikes in the future.
Major Events Around the World
During the post FOMC press conference on Wednesday, US Fed Chair Jerome Powell announced that the central bank will be taking a data-driven approach to determine the extent of further interest rate hikes. This means that the decision to increase rates will be based on concrete evidence and analysis, rather than speculation or assumptions. In its statement, the FOMC also indicated that it would be prepared to adjust the stance of monetary policy if any risks emerge that could impede the attainment of the committee's goals. This demonstrates the central bank's commitment to maintaining a stable and healthy economy.
Binance, the largest cryptocurrency trading platform in the world, has recently announced its plans to launch the USDⓈ-M SUI perpetual contract. This move is aimed at providing further support to the digital currency, whose mainnet was launched earlier today. As per the official announcement made by Binance, the launch is scheduled for May 3 at 16:00 UTC.
The recent banking crisis has sent shockwaves through the global financial markets, as several U.S. regional banks have collapsed in quick succession. According to data, the pain continued on Wednesday after JPMorgan's buyout of First Republic Bank, with regional banking stocks taking a hit. In fact, PacWest Bancorp (PACW • NASDAQ) saw a significant decline of around 12% in pre-market trading. This alarming trend has raised concerns about the stability of the banking industry and its impact on the economy.
COIN GABBAR Views: Bitcoin and Ether have recently seen a significant increase in their value, whereas the other top 10 non-stablecoin cryptocurrencies have shown a mixed performance. As we approach May, some investors may be wondering if the old adage "sell in May and go away" is a wise strategy for this year. 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. Please stay tuned with us www.coingabbar.com
Also read: FBI and Ukrainian Authorities Seize Domains of 9 Cryptocurrency Exchanges
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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