BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $26315 | 3.21% |
| ETHEREUM | $1718 | 3.25% |
CRYPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.10 T | 2.30 % |
| TRADING VOLUME | $36.60 B | 12.23% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| Gem Exchange and Trading | $0.0049 | 1395.26% |
| UkraineFlag NFT | $0.055 | 479.56% |
| FutureCoin | $0.19 | 379.78% |
| PioccoloInu | $0.0000000076 | 161.95% |
| TheChampCoin | $0.00051 | 61.78% |
TOP 5 LOSERS
| Indices | LTP | Change (%) |
|---|---|---|
| Hotbit | $0.00092 | 96.54% |
| ZombieInu(OLD) | $0.000000000019 | 91.52% |
| TosDis | $0.29 | 86.44% |
| DAVNetwork | $0.00033 | 84.69% |
| Creaticles | $00.25 | 67.40% |
On Friday, Crypto experienced a surge following the announcement that the world's largest asset manager is entering the competition to launch the first spot bitcoin exchange-traded fund in the United States.During a recent FOMC meeting, Thomas Barkin, a member of the committee, expressed his support for a potential interest rate hike in July. Barkin cited the current inflation levels as a key factor in his decision to advocate for further rate increases.
Major Events Around the World
The Bank of England (BOE) is on the verge of launching its own digital currency. This comes after a yearlong project, named Rosalind, which was conducted by the BOE and the Bank for International Settlements (BIS). The project aimed to explore the practicality and potential benefits of a Central Bank Digital Currency (CBDC). The results of the project concluded that the technology could facilitate a diverse range of new monetary applications.
Tether, the company behind the recently de-pegged stablecoin USDT, has finally addressed concerns regarding its operational decisions. The New York Attorney General (NYAG) released documents revealing that Tether had deactivated 29 accounts belonging to prominent cryptocurrency players two years ago. The list of names suggests that most of the accounts were terminated for various reasons.
A recent development has occurred in the ongoing U.S. Securities and Exchange Commission (SEC) lawsuit. The current judge has been replaced, less than 10 days after the agency filed charges. This comes after the regulatory agency launched a new round of crypto lawsuits, targeting two of the world's leading crypto exchanges, Coinbase and Binance. Specifically, Coinbase, the top U.S.-based exchange, has been charged with engaging in an unregistered securities offering through its staking-as-a-service program.
COIN GABBAR Views: Based on the technical analysis provided, the question of whether Crypto has reached a market bottom remains uncertain. The future trajectory of Crypto hinges on its capacity to break free from the existing consolidation range and how key support and resistance levels behave. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: Ripple's SEC Lawsuit Escalates with "Hinman Documents" Revelation
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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