BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $27040 | 0.45% |
| ETHEREUM | $1882 | 1.05% |
CRYPTO STATS24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.18 T | 0.6% |
| TRADING VOLUME | $27.40 B | 0.01% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| SmartMFG | $0.025 | 2005.80% |
| Unitrade | $0.030 | 350.48% |
| PalGold | $0.000070 | 64.69% |
| dhohub | $0.00089 | 55.06% |
| SENATE | $0.044 | 47.70% |
TOP 5 LOSERS
| Indices | LTP | Change (%) |
|---|---|---|
| Zombie Inu[OLD] | $0.0030 | 92.34% |
| CVNX | $0.0022 | 58.91% |
| Furucombo | $0.11 | 47.31% |
| X | $0.000019 | 39.12% |
| Aircoins | $0.0000090 | 27.14% |
Bitcoin showed minimal movement on Monday morning in Asia, remaining below the critical threshold of $27,000. Ether, along with the majority of the top 10 non-stablecoin cryptocurrencies, also experienced a lacklustre trading session with no significant fluctuations. The attention of investors has turned towards the upcoming Federal Reserve meeting on June 14, as they eagerly anticipate the central bank's decision on interest rates.
Major Events Around the World
In recent months, the U.S. Securities and Exchange Commission (SEC) has been targeting crypto market businesses, adding to the challenges faced by the industry in what has already been a difficult year in 2022. Despite these enforcement actions, the price of Bitcoin has continued to rise, increasing by as much as 60% since the start of 2023. However, many market participants believe that the Ripple vs. SEC lawsuit could be the key to resolving the regulatory issues facing the crypto industry in the United States.
US Senator Elizabeth Warren has recently made headlines for her claims that crypto payments are being used in the Chinese fentanyl trade. In response to this, she has hinted at the possibility of introducing a bill that would prevent such loopholes in the crypto industry. This move comes after Warren shared research data that supports the notion that Chinese businesses are fueling the Fentanyl epidemic and receiving millions of dollars in cryptocurrencies.
The emergence of AI Tokens, which are crypto tokens based on artificial intelligence, is often attributed to the widespread use of AI tools such as ChatGPT. However, it is important to note that the success and adoption of individual tokens have historically been the primary factors in gaining investor trust in the crypto market.
COIN GABBAR Views: The factors and market conditions will determine whether Bitcoin reaches the $24,000 level or climbs to $30,000? What are your views on the potential price movement of Bitcoin in the near future? Please share your thoughts in the comment box below. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: US Crypto Bill: Implications for SEC's Role in the Cryptocurrency Industry
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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