BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $26936 | 0.34% |
| ETHEREUM | $1739 | 0.81% |
CRYPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.12 T | 1.30% |
| TRADING VOLUME | $30.80 B | 38.12% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| Gem Exchange and Trading | $0.0048 | 1567.30% |
| Unitrade | $0.12 | 264.10% |
| Popcorn | $0.60 | 162.48s% |
| Smartcash | $0.00040 | 134.70% |
| Starcoin | $0.0093 | 63.20% |
TOP 5 LOSERS
| Indices | LTP | Change (%) |
|---|---|---|
| WaykiChain | $0.0070 | 71.62% |
| 2local | $ 0.00000044 | 67.20% |
| YoloCash | $0.00078 | 55.28% |
| Darkness Share | $0.00010 | 49.97% |
| Egretia | $0.000025 | 46.37% |
On Tuesday, the majority of the top crypto tokens experienced a rise in value, while others saw a slight drop. Despite this fluctuation, the crypto market remains optimistic about BlackRock's application for a bitcoin spot exchange-traded fund, with hopes for its success. It is believed that the recent downturns are simply a correction phase, and that the market will soon stabilise.
Major Events Around the World
A team of Ethereum developers has put forth significant modifications to validator requirements, with an eye towards future consensus layer upgrades. This proposal could have a tangible impact on investor decisions, as it pertains to Ethereum (ETH) tokenomics, which would ultimately affect pricing. Additionally, this could result in operational changes for both small and large validators. Currently, the large validator set size necessitates staking operators to have thousands of validators.
John Deaton, a prominent lawyer specialising in XRP and founder of CryptoLaw, recently made a bold statement regarding the United States Securities and Exchange Commission's (SEC) stance on secondary XRP sales. Deaton argued that the SEC cannot justify classifying these sales as securities. This statement was made in response to a tweet by Marc Fagel, a former partner at the law firm Gibson.
The International Monetary Fund (IMF) is intensifying its efforts to assist governments worldwide in actively developing Central Bank Digital Currencies (CBDCs). In fact, the IMF is currently working on a global platform that will enhance CBDC interoperability, as reported by Reuters. This platform, once launched, will facilitate transactions between two countries, according to IMF Managing Director Kristalina Georgieva.
COIN GABBAR Views: There is significant speculation surrounding the potential end of the cryptocurrency market's 10-week declining trend. While Bitcoin concluded the week with a bullish tone, altcoins sustained losses and continued their downward trajectory. The upcoming week holds significant importance as it will play a crucial role in determining the market's future direction. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: Cryptocurrency Growth Empowers Economies in MENA
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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