BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $31196 | 1.50% |
| ETHEREUM | $1955 | 0.51% |
CRYPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.26 T | 0.90% |
| TRADING VOLUME | $43.80 B | 27.30% |
TOP 5 GAINERS
| Indices | LTP | Change (%) |
|---|---|---|
| GEM EXCHANGE AND TRADING | $0.0043 | 1309.40% |
| ZOMBIEINU(OLD) | $0.00000000025 | 1257.75% |
| ZENFUSE | $0.0055 | 177.99% |
| RAVIGOVERNANCE | $1.35 | 167.24% |
| DOEX | $0.00051 | 111.38% |
TOP 5 LOSERS
| Indices | LTP | Change (%) |
|---|---|---|
| CROSSWALLET | $0.0081 | 95.53% |
| FUTURECOIN | $0.065 | 65.88% |
| UNITRADE | $0.0086 | 60.56% |
| SMARTCASH | $0.00023 | 53.79% |
| JETCOIN | $0.0016 | 39.45% |
BTC continues to maintain its position above the $31,000.
Bitcoin surged above US$31,000 during Tuesday morning trading in Asia, following Blackrock's resubmission of a Bitcoin exchange-traded fund (ETF) application in the U.S. This move comes after the regulatory authority criticized their initial filing, indicating that the largest money manager globally is resolute in establishing dominance in the cryptocurrency markets. Ethereum also experienced notable gains, driven by growing institutional interest.
Major Events Around the World
In a recent report, analysts from the brokerage firm Bernstein expressed their belief that the likelihood of a Bitcoin ETF receiving approval in the United States is relatively high. The analysts from Bernstein made this statement while acknowledging the Securities and Exchange Commission's (SEC) challenging position on the issue.
Jack Dorsey, the co-founder and former CEO of Twitter, recently commented on the privacy practices of Mark Zuckerberg's upcoming microblogging platform, the Threads app. It is expected that the app will be launched on July 6, 2023, amidst temporary restrictions on Twitter user activity due to concerns about data scraping. Analysts see this as a golden opportunity for Zuckerberg to capitalize on the situation, especially since the app is emerging as a direct competitor to Elon Musk's company. The Threads app has the potential to gain an advantage in terms of gathering extensive user data, thanks to its integration with Instagram accounts.
Elon Musk is currently confronted with the challenge of combating data scraping and system manipulation on Twitter, all thanks to the rise of artificial intelligence-based tools. Recently, CoinGape revealed that the popular social media platform has restricted data access for AI-powered chatbots such as ChatGPT. This move is just one among several new limitations imposed by the company on Saturday, affecting the number of posts that each user can access within a day. Interestingly, Musk's influence is unmistakable, as the platform seems to heavily favor paid users over non-verified users, showcasing his trademark approach.
COIN GABBAR Views: What can we expect for the cryptocurrency market in the latter half of 2023? Will Bitcoin's bullish trend reverse with the arrival of the July Supermoon, defying the current bearish trend? Stay tuned for the latest news at www.coingabbar.com
Also read: CoinDCX Joins KoinX for Streamlined Crypto Taxation Services
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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