BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $30547 | 0.78% |
| ETHEREUM | $1870 | 0.48% |
CRYPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.22 T | 0.00 % |
| TRADING VOLUME | $40.00 B | 2.44% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| CONTINUUM FINANCE | $0.523216 | 5658% |
| CENNZNET | $0.012135286 | 1121.40% |
| PIAS | $0.00005931 | 223.80% |
| DYPIUS | $0.146458 | 179.20% |
| METAQ | $0.179442 | 99.60% |
TOP 5 LOSERS
| Indices | LTP | Change (%) |
|---|---|---|
| DOOMER.AI | $0.00000104 | 95.50% |
| L | $0.000001020 | 53.80% |
| LINEWORKCOIN | $0.00610323 | 44.10% |
| CRYN | $11.80 | 30.30% |
| MODULARWALLET | $0.150551 | 29.00% |
On Wednesday, the majority of top crypto experienced a decline
Bitcoin managed to maintain its recent gains, with the largest cryptocurrency token experiencing a slight increase of approximately 0.78%, hovering close to the $30,500 range. Conversely, Ethereum, the leading alternative cryptocurrency, saw a small decline and stayed below the $1,900 threshold. Meanwhile, the price movement among altcoins was varied, leaning towards a negative sentiment.
Major Events Around the World
United States Judge Lewis Kaplan, presiding over the District Court for the Southern District of New York, has rejected the motions filed by former FTX Chief Executive Officer (CEO) Sam Bankman-Fried and his legal team to dismiss the majority of charges brought against him. In a statement, Judge Kaplan stated that after thoroughly evaluating the arguments presented by both parties, the court concluded that "the arguments are either irrelevant or lack substance."
June 2023 is shaping up to be a pivotal moment in the Bitcoin ETF sector, as major corporations rush to submit applications to the U.S. Securities and Exchange Commission (SEC). Following the lead of Blackrock, the world's largest asset manager, who filed on June 15, 2023, Invesco, WisdomTree, and Bitwise have all followed suit. These filings have the potential to provide significant support to the crypto market, given that these companies collectively manage trillions of dollars in assets worldwide. Consequently, this could address the most pressing issue in the industry, which is changing the perception of cryptocurrencies among traditional players in the financial markets.
The lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs and its two executives has had a significant impact on the price of XRP and businesses associated with it in the long term. Nevertheless, the lawyer representing XRP holders has expressed his intention to invest in one of the Amicus Curiae in the XRP lawsuit.
COIN GABBAR Views: There is a question surrounding the possibility of the cryptomarket making substantial advancements. The prices of cryptocurrencies have witnessed a significant surge within a week, but there are signs of bearish trends emerging, indicating a potential correction. Stay tuned for the latest news at www.coingabbar.com
Also read: Binance Expands Support and Promotes Global Cybercrime Fight
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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