BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28134 | 5.42% |
| ETHEREUM | $1913 | 4.65% |
CRYPTO STATS (24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.21 T | 2.20% |
| TRADING VOLUME | $38.60 B | 22.54% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| MIM | $0.0000099 | 423.03% |
| Kepple[OLD] | $0.033 | 399.40% |
| Recast1 | $0.0000033 | 85.05 % |
| Zenfuse | $0.0077 | 62.76% |
| KavaSwap | $0.023 | 52.31% |
TOP 5 LOSERS
| Indices | LTP | Change (%) |
|---|---|---|
| SaTT | $0.00012 | 87.92% |
| PermissionCoin | $0.000040 | 86.01% |
| Unitrade | $0.0046 | 85.29% |
| FutureCoin | $0.15 | 35.57% |
| SCOneX | $0.0051 | 34.87% |
After weeks of decline, Ethereum successfully surpassed the $1,900 threshold, marking a positive turnaround. Meanwhile, Bitcoin briefly exceeded the $28,000 level on Monday. The recent rally is largely attributed to the resolution of the US debt ceiling deadlock, which is widely regarded as the primary driving force behind this upward trend.
Major Events Around the World
The President of the United States, Joe Biden, and House Representative Kevin McCarthy have come to a preliminary agreement to increase the government's debt ceiling of $3.4 trillion, just days before the deadline for default. This tentative deal between the two parties would raise the debt limit for two years, while also placing limits on spending during that time. However, the agreement still requires approval from a divided Congress next week, before the US government runs out of funds.
On Saturday, Binance, the world's largest cryptocurrency exchange, made a significant announcement regarding its services. Effective November 30, 2023, Binance will discontinue its cryptocurrency services for residents of Japan. This decision was made as part of Binance's ongoing efforts to comply with regulatory standards and ensure compliance in all countries where the crypto giant operates.
The Jimbos Protocol, which is based on Arbitrum, has recently been exploited resulting in a loss of 4090 ETH, equivalent to $7.5 million, just three days after the launch of its version 2. According to PeckShield, the hack was made possible due to the protocol's inability to control slippage for the tokens it manages. This unfortunate incident highlights the importance of implementing robust security measures to prevent such attacks from occurring in the future.
COIN GABBAR Views: What can be expected for the recovery track of Crypto price? Is it a favourable time to consider buying? Will the market continue to be uncertain as investors closely watch the price movement of cryptocurrencies? Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: Sei Network Integrates Crypto Bio in Latest Discord Upgrade
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.
from Coin Gabbar News https://ift.tt/GgkMH5t
via IFTTT
