BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $27148 | 2.28% |
| ETHEREUM | $1877 | 1.47% |
CRYPTO STATS24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.18 T | 2.30% |
| TRADING VOLUME | $42.10 B | 19.60% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| Xfinance | $44.81 | 2778.64% |
| CorionX | $0.00059 | 263.48% |
| Wabi | $0.0045 | 183.28% |
| Props | $0.0022 | 125.96% |
| SINOVATE | $0.00054 | 99.92% |
TOP 5 LOSERS
| Indices | LTP | Change (%) |
|---|---|---|
| Kepple[OLD] | $0.0030 | 92.34% |
| Unitrade | $0.0066 | 78.55% |
| Ravendex | $0.000051 | 57.42% |
| NeosCredits | $0.048 | 47.45% |
| Parex | $0.36 | 36.87% |
Cryptocurrencies experienced a downward trend in Wednesday's trading session, with Bitcoin dropping by 2.28% to $27,148 and Ethereum falling below the $1,900 level. This decline followed the previous day's low and was attributed to investors closely monitoring the ongoing developments surrounding the debt ceiling deal.
Major Events Around the World
During a recent Senate hearing, U.S. Senator Elizabeth Warren brought to light a concerning issue related to cryptocurrencies. She suggested that there may be a connection between crypto payments and the Chinese fentanyl trade, which is fueling the Fentanyl Epidemic. Senator Warren urged legislation to break this trade and put an end to the devastating effects it is having on communities across the country.
Changpeng Zhao, the CEO of Binance, recently addressed rumours of layoffs within the crypto exchange. CZ dismissed the reports as just another day of fear, uncertainty, and doubt (FUD), and even gave it a "4" on the FUD scale. Independent crypto reporter Colin Wu had previously claimed that Binance, the world's largest crypto exchange by trading volume, was planning to lay off 20% of its employees next month. However, this news comes as a surprise, as Binance had previously announced that it had no plans to let go of any of its workforce.
Binance, the largest cryptocurrency exchange in the world, has once again found itself in the regulatory spotlight. The Ontario Securities Commission (OSC) in Canada is currently investigating whether Binance attempted to circumvent local regulations and compliance controls while seeking approval to operate in the country. In response to the investigation, Binance has announced its decision to withdraw from the Canadian market. This move comes as a result of new regulatory guidance concerning stablecoins and investor limits.
COIN GABBAR Views: Will Bitcoin close below $26,500 and break through the $24,000 support level? Are we going to see a continuation of the current selling pressure, or will the start of a new month bring renewed hope for the bulls? We would love to hear your thoughts on this matter. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: RBI Deputy Governor: AI and Blockchain Vital for Bank Growth
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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