BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $25983 | 0.28% |
| ETHEREUM | $1742 | 0.23% |
CRYPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.10 T | 0.90 % |
| TRADING VOLUME | $33.60 B | 10.90% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| dfohub | $0.0014 | 159.70% |
| ZenithChian | $0.0027 | 74.72% |
| DAVNetwork | $0.00076 | 70.05% |
| X | $0.000037 | 62.65% |
| BitcoinZ | $0.00010 | 34.50% |
TOP 5 LOSERS
| Indices | LTP | Change (%) |
|---|---|---|
| Gem Exchange and Trading) | $0.00031 | 94.09% |
| TosDis | $0.33 | 83.14% |
| KumaInu | $0.0000000022 | 53.41% |
| NeosCredits | $0.079 | 47.34% |
| The ChampCoin | $0.00040 | 40.64% |
Bitcoin made marginal gains but remained below the $26,000 mark during Monday afternoon in Asia. Simultaneously, the top 10 non-stablecoin cryptocurrencies traded with a mix of positive and negative trends. This movement comes as investors prepare for the anticipated regulatory actions by the U.S. Securities and Exchange Commission (SEC) targeting cryptocurrency exchanges.
Major Events Around the World
As the highly anticipated Federal Open Market Committee (FOMC) meeting approaches on June 14, 2023, financial markets are abuzz with speculation that the US Federal Reserve will once again halt interest rate hikes. This sentiment is reflected in the behaviour of the S&P 500 Index, which is on the verge of closing at a 13-month high on Monday, largely due to the expectation of the central bank pausing its rate hike spree. On Monday, the S&P 500 rose by 0.86%, while the Nasdaq Composite Index jumped by 1.3%.
The Chair of the US Securities and Exchange Commission (SEC), Gary Gensler, has recently restated his position on the regulation of cryptocurrencies, following the recent legal action taken against crypto exchanges Coinbase and Binance. Speaking at the Piper Sandler Global Exchange & Fintech Conference, Gensler made some noteworthy comments. He once again emphasised the connection between the digital assets market and securities laws, highlighting that trust in the US capital markets is founded on adherence to the law. Gensler also cautioned that FTX-like bankruptcies could persist without compliance, but he did not elaborate on how crypto businesses can comply with regulations.
Linda Yaccarino, the recently appointed CEO of Twitter, has shed light on her decision to take up the position. Yaccarino, who previously worked with NBCUniversal, has been inundated with questions about why she chose to join Twitter. In response, she created a Twitter thread and included details in her first memo to employees, titled "Building Twitter 2.0 Together."
COIN GABBAR Views: whether or not Crypto has reached a market bottom remains uncertain based on the technical analysis provided. The future of Crypto will largely depend on its ability to break out of the current consolidation range and the behaviour of key support and resistance levels. Please share your views in the comment box below. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: Biden Admin Avoids Interference in SEC's Crypto Exchanges Lawsuits
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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