BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $26688 | 0.88% |
| ETHEREUM | $1828 | 1.39% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.17 T | 1.30% |
| TRADING VOLUME | $31.50 B | 28.31% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| TosDis | $3.06 | 3174.83% |
| Unitrade | $0.17 | 642.24% |
| CluCoin | $0.0000000019 | 104.17% |
| Jetcoin | $0.0024 | 82.64% |
| OOGI | $0.0000046 | 64.15% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| Kepple[OLD] | $0.0075 | 77.82% |
| Pillar | $0.0053 | 77.44% |
| SmartCash | $0.00019 | 52.60% |
| Dentacoin | $0.0000015 | 51.78% |
| GazeTV | $0.000090 | 28.97% |
Amid ongoing discussions on the debt ceiling and concerns about rising inflation, the markets witnessed increased volatility. On Friday, the cryptocurrency markets saw a moderate uptick in trading activity, primarily driven by favourable weekly unemployment data in the US. Bitcoin and Ethereum both surpassed the $26,500 and $1,800 marks, respectively. Additionally, other leading cryptocurrencies like Litecoin, Polygon, and XRP also experienced upward momentum in their trading.
Major Events Around the World
On Friday, Binance, the world's largest cryptocurrency exchange, released behind-the-scenes photos featuring football superstar Cristiano Ronaldo. The pictures suggest that the exchange is planning to launch an ad campaign with the renowned athlete, which would be a significant development given Ronaldo's immense global popularity. It is worth noting that Ronaldo currently plays for the Saudi football league club Al Nassr. This potential collaboration between Binance and Ronaldo has the potential to be a game-changer in the world of cryptocurrency and sports marketing.
The United States is currently experiencing a surge in inflation and consumer spending, which is fueling expectations of another Federal Reserve interest rate hike. According to the US Bureau of Economic Analysis, the Personal Consumption Expenditures (PCE) Price Index rose to 4.4% in April 2023, up from 4.2% in March. As a result, experts are advising investors to prepare for the possibility of a Fed Hike.
The CEO of OpenAI, Sam Altman, has set his sights on an ambitious goal with the Worldcoin project. This cryptocurrency initiative aims to create a global ID, a universal currency, and an app for all types of crypto payments. The ultimate objective is to provide everyone with access to the global economy. The team behind Worldcoin, Tools for Humanity, has promised to distribute crypto tokens to anyone who undergoes an iris scan with a device called The Orb. However, this idea has been met with skepticism from the industry, as requesting biometric data in a web3 world is a slippery slope. Despite this, The Orb is expected to play a crucial role in helping Worldcoin achieve its goal of universal access to the global economy.
COIN GABBAR Views: The question on everyone's mind is whether the bulls will defend the $26,000 support for bitcoin or whether it will break below the crucial $25,200 support, potentially leading to a retracement to $20,000. The uncertainty surrounding this outcome has gripped the market as investors closely monitor the price movement of BTC. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: BRICS Bank Proposed as Viable Alternative to IMF, Aims for De-dollarization
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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