Crypto Slides, As BTC Plunges 3.52%, ETH Drops 5.38%
- Binance, a prominent cryptocurrency exchange, has recently resumed bitcoin withdrawals on Monday after temporarily halting them twice in a day due to high transaction volumes
- Over the last 24 hours, the market value of several prominent cryptocurrencies, including BTC, ETH, DOT, and EOS, has been plummeting
Bitcoin, Ethereum, and other cryptocurrencies faced significant
BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28553 | 3.52% |
| ETHEREUM | $1881 | 5.38% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.21 T | 1.70% |
| TRADING VOLUME | $65.20 B | 16.75% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| AidosKuneen | $0.65 | 947.02% |
| SHIBIC | $0.000000051 | 327.35% |
| GM | $0.000023 | 117.95% |
| Piccolo Inu | $0.000000017 | 80.47% |
| Swerve | $0.16 | 72.73% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| Populous | $0.015 | 54.91% |
| CVNX | $0.0033 | 46.17% |
| Creaticles | $0.014 | 40.65% |
| WeOwn | $0.00080 | 40.49% |
| UncleMine | $0.00057 | 34.35% |
selling pressure on Sunday, indicating a strong bearish sentiment, despite the temporary withdrawal pause implemented by Binance.
Major Events Around the World
The largest cryptocurrency exchange in the world, Binance, has halted Bitcoin withdrawals for the second time in the past 24 hours. This decision was made due to a sudden increase in the Bitcoin network gas fee. In their most recent tweet, Binance stated that they have suspended "large volumes of pending transactions" and that their team is working diligently to restore BTC withdrawals as soon as possible. According to on-chain data, there are currently almost 500,000 pending transactions on the Bitcoin network due to high gas costs.
The meme coin PEPE has recently gained popularity, but not without some concerning opinions. Crypto advocate Chris Blec tweeted about the potential dangers of investing in memecoins, including PEPE, which he suggested could be a scam. Blec warned his 48k Twitter followers that investing in memecoins could lead to serious consequences, even costing people their lives if they are not cautious.
The IOTA ShimmerEVM network recently encountered a temporary setback on Sunday. Users of the testnet, which had just gone live, reported an error when attempting to access the protocol. In a tweet, the ShimmerEVM Network disclosed that it is currently experiencing heavy congestion, which is posing a challenge to its chain limits.
COIN GABBAR Views: Will Bitcoin surpass the $40,000 mark if more than 2,300 banks in America go bankrupt? Is there a significant event on the horizon in the cryptocurrency market indicated by the temporary withdrawal pauses on Binance? As May approaches, investors might be considering whether it is wise to follow the conventional "sell in May and go away" advice this year. Stay tuned for updates and the latest news us at www.coingabbar.com
Also read: BNP Paribas Partners With Bank of China to Promote Digital Yuan
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.
