BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $27724 | 0.73% |
| ETHEREUM | $1831 | 1.13% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.18 T | 0.60% |
| TRADING VOLUME | $57.90 B | 50.78% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| Kepple[OLD] | $0.040 | 3167.73% |
| TitanSwap | $0.038 | 3009.71% |
| Zombie Inu(OLD) | $0.00000000028 | 928.54% |
| WaultSwap | $0.0037 | 327.60% |
| DAVNetwork | $0.0022 | 182.05% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| X | $0.0000092 | 95.33% |
| MemeInu | $0.00023 | 55.05% |
| dfohub | $0.0011 | 45.26% |
| MahaDAO | $0.34 | 37.73% |
| Meme | $116.97 | 35.08% |
Bitcoin as the largest crypto token continued to fall below $27,500-mark, while Ethereum shed but managed to hold $1,800-levels. Other crypto tokens take the lead on Thursday after the better-than-expected US inflation numbers. The digital token market recovered from previous day's loss amid the hope of easing concerns of the banking sector and economic growth.
Major Events Around the World
Rumours are circulating that the United States government has recently sold 9800 Bitcoin (BTC) for a reported $277 million. This sudden influx of BTC into the crypto market has caused the value of the coin to depreciate, with its current trading price at $27,687.83, representing a marginal gain of 0.84%.
During the historic joint Subcommittee hearing on digital assets, Bryan Steil, the US representative from Wisconsin, made a bold statement by opening his remarks with the assertion that the current "regulation by enforcement" approach was not effective. This sentiment was echoed by Patrick McHenry, Chairman of the House Financial Services Committee, who emphasised the importance of creating clear laws for the industry.
In April, the Terra Classic project initiated a new protocol that has resulted in the burning of over 1.5 billion LUNC tokens in recent days. The objective of this protocol is to expedite the deflation of the circulating supply by burning billions of LUNC. This significant LUNC burn by the protocol coincides with the Terra-LUNA crisis anniversary, and as a result, the total LUNC burn has now exceeded 57 billion. This move is expected to have a positive impact on the value of LUNC, as it reduces the supply and increases its scarcity.
COIN GABBAR Views: After the release of better-than-expected US inflation numbers on Thursday, the crypto market experienced a roller coaster ride. Within a few hours, two major cryptocurrencies were subject to a pump and dump. The question now is whether BTC and ETH will breach $27,000 and $1,800, respectively, or if they will bounce back. It remains to be seen how these developments will impact the overall market. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: Elon Musk's Tweet: Supporting Content Creators with Cryptocurrencies
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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