24 Hrs Crypto Update, Apr 03:Crypto market has maintained a relatively
- On the first Monday of April, consolidation continued to dominate the crypto market as prices remained relatively stable. However, there was an unexpected surge in the value of Dogecoin (DOGE) when the Twitter blue bird logo was replaced with the DOGE symbol
- In the past 24 hours, there has been a notable surge in the market value of various prominent cryptocurrencies, such as ETH, SHIB, and DOGE
BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $27837 | 0.66% |
| ETHEREUM | $1811 | 1.48% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.22T | 0.90% |
| TRADING VOLUME | $58.40 B | 51.30% |
| Indices | LTP | Change (%) | |
|---|---|---|---|
| TWITTERDOGE | $0.0000009584 | 986.77% | |
| Dosa | $0.0003022 | 651.20% | |
| Txbit Token | $0.01321 | 292.29% | |
| Wateenswap | $0.002103 | 182.08% | |
| Cope | $0.000000003515 | 150.57% |
| Indices | LTP | Change (%) |
|---|---|---|
| All In AI | $0.0004043 | 87.75% |
| Minato | $3.31 | 75.40% |
| Okratech Token | $0.01394 | 51.81% |
| METALANADZ | $0.00000001583 | 48.93% |
| BitBall | $0.0004723 | 46.37% |
On Monday, the value of Binance's BNB token and bitcoin
(BTC) experienced a significant drop due to a rumour circulating that the CEO of the crypto exchange was facing an international law enforcement request for his detainment.
Major Events Around the World
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Twitter has recently undergone a significant change in its branding strategy by replacing its iconic blue bird logo with an image of the popular cryptocurrency, 'doge'. This new logo features a shiba inu dog, which has been a viral sensation in the form of memes for several years. Users across the globe have reported seeing this new logo when logging onto the platform on Monday and Tuesday.
-
In recent weeks, Binance, a prominent cryptocurrency exchange, has faced regulatory scrutiny from the US Commodities and Futures Trading Commission (CFTC) for allegedly violating derivatives regulations. As a result, Binance's market share has taken a significant hit, dropping by 16% in just one week. However, according to blockchain analytics firm Kaiko, the cessation of zero-fee trading by Binance has had a more significant impact on the exchange's market dominance than the CFTC lawsuit.
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On Monday, the U.S. Department of Justice (DOJ) announced a significant victory in its ongoing battle against fraudulent cryptocurrency investment schemes. The DOJ reported that it had successfully seized virtual currency worth a staggering $112 million, effectively putting an end to several nefarious operations. This impressive feat was made possible thanks to the approval of seizure orders by judges in the District of Arizona, the Central District of California, and the District of Idaho. In total, six accounts containing cryptocurrency linked to investment scams were targeted and shut down.
COIN GABBAR Views: The cryptocurrency markets have been experiencing a unique phenomenon since March 17th, with trading occurring within an unusually narrow 5% range. This has been attributed to conflicting forces that are currently exerting pressure on the sector. Despite this, the total market capitalization has increased by 3.8% in the past seven days. We will continue to provide you with the latest updates and information on this developing situation. Please stay tuned with us www.coingabbar.com
Also read: Elon Musk's Blue Tick Announcement: Latest Updates on Twitter Controversy
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.
