BENCHMARK
Indices | LTP | Change (%) |
---|---|---|
BITCOIN | $26900 | 0.08% |
ETHEREUM | $1798 | 0.83% |
CRPTO STATS(24H)
Indices | VALUE | Change (%) |
---|---|---|
MARKET CAP | $1.18 T | 0.40% |
TRADING VOLUME | $34.80 B | 21.25% |
TOP 5 GAINER
Indices | LTP | Change (%) |
---|---|---|
Hello Pets | $0.15 | 110.25% |
X | $0.000030 | 83.87% |
Piccolo Inu | $0.000000017 | 79.59% |
Jem | $1.08 | 76.51% |
Sakura | $0.0082 | 49.83% |
TOP 5 LOSER
Indices | LTP | Change (%) |
---|---|---|
Zombie Inu(OLD) | $0.000000000027 | 90.43% |
PERI Finance | $0.0067 | 89.46% |
Unitrade | $0.0034 | 88.95% |
CVNX | $0.0017 | 72.06% |
Swerve | $0.056 | 49.43% |
Bitcoin prices experienced an upward trend, along with Ether, which maintained its position above the $1,800 support level. Among the top 10 non-stablecoin cryptocurrencies, Litecoin continued to show the highest gains, while other cryptocurrencies also saw additional increases. As President Joe Biden and congressional leaders geared up for discussions on raising the debt ceiling, investors exhibited optimism regarding the possibility of averting a potential debt default.
Major Events Around the World
The world's foremost cryptocurrency, Bitcoin (BTC), has been suggested as a secure investment option in the event of a United States debt default, surpassing other top assets such as the Japanese yen, Swiss franc, and even the U.S. dollar. A recent survey revealed that investors would prefer to purchase BTC if the U.S. were to hit the debt ceiling. This survey was conducted amidst growing concerns of an impending debt default in the United States. The results of this survey have highlighted the possibility of a global market meltdown, leading to chaos and uncertainty. As such, investors are seeking out alternative investment options, with BTC emerging as a top contender.
The collapse of several prominent regional banks in the United States during the first quarter was a devastating blow for many investors. However, for renowned "Big Short" investor Michael Burry, this calamity seems to be a silver lining. Recent reports from Benzinga, citing data from Scion Capital's latest filing, indicate that Burry has been strategically acquiring shares in distressed banks such as First Republic Bank, PacWest Bancorp, Western Alliance Bank, and New York Community Bancorp, among others.
Mysten Labs, a Web3.0-focused startup, has issued a warning to the public regarding an ongoing scam targeting Sui Wallets. The company has detected unauthorised transactions in some Sui wallets, with spam coins being dropped into them. As a result, users are advised to exercise caution when interacting with unfamiliar objects in their wallets. Mysten Labs is currently working to address any potential security breaches in the wallets.
COIN GABBAR Views: Both bulls and bears are currently vying for control, resulting in a state of indecision within the market. With conflicting signals, it is challenging to determine with absolute certainty whether BTC's correction is concluding or if it will continue to experience further declines. The critical level to keep an eye on is the right shoulder of the head and shoulders pattern, situated at approximately $29,000. If BTC surpasses this level, it would nullify the head and shoulders pattern, potentially leading to a target of around $32,000. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: Chinese Government Backs Blockchain Despite Crypto Ban
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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