24 Hrs Crypto Update, Apr 25: Bitcoin sees gains as top
- Bitcoin and other cryptocurrencies experienced a notable surge in trading. As investors eagerly anticipate the Federal Open Market Committee's meeting next week, the crypto market is experiencing a significant shift
- Over the last 24 hours, there has been a surge in positive trading activity for several top cryptocurrencies, including BTC, ETH, ADA, and LTC
BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28302 | 3.09% |
| ETHEREUM | $1868 | 1.52% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.23 T | 2.70% |
| TRADING VOLUME | $45.90 B | 8.75% |
| Indices | LTP | Change (%) |
|---|---|---|
| Wonderland TIME | $1.79 | 531527% |
| Aircoins | $0.0010 | 5045% |
| AVINOC | $2.14 | 212.00% |
| QUASH | $0.0060 | 99.15% |
| Opium | $0.13 | 71.96% |
| Indices | LTP | Change (%) |
|---|---|---|
| Unitrade | $0.0034 | 90.60% |
| Fabric | $0.0000026 | 36.97% |
| Wabi | $0.0011 | 35.14% |
| Serum | $0.11 | 34.51% |
| Navcoin | $0.069 | 34.20% |
Bitcoin experienced a surge on Wednesday morning,
successfully reclaiming the US$28,000 mark. Additionally, Ether and all other top 10 non-stablecoin cryptocurrencies also saw an increase in value. Several popular altcoins, including Ethereum, Dogecoin, Ripple, Solana, and Litecoin, experienced significant gains across the board. However, the Injective token emerged as the biggest gainer.
Major Events Around the World
There may be a glimmer of hope for the crypto market as a Commodity Futures Trading Commission (CFTC) official recently suggested that the Binance lawsuit could be coming to a close. Back in March of 2023, Binance and its CEO Changpeng “CZ” Zhao were sued by the CFTC for violating regulatory laws. The lawsuit was filed due to allegations of breaking trading and derivatives rules in the United States, making it one of the most significant enforcement actions against a crypto market business. It's worth noting that Binance is currently the largest crypto exchange in the world.
Following the recent collapses of Silvergate and Signature Bank, First Republic Bank (FRC) is now facing a similar predicament with limited options to revive its business. The fear of this situation is spreading across the States and beyond, and it is possible that FRC may become the third major bank to fail this year. This development comes after the lender disclosed today that it had lost nearly $100 billion in deposits during last month's banking crisis.
A recent decision by the United States federal appeals court could have significant implications for NFT and crypto builders. The court ruled that Apple violated California's Unfair Competition Law by prohibiting app developers from using any payment method other than those offered by the tech giant's App Store, which charges a hefty 30% fee on most transactions. This ruling was made as part of a re-evaluation of a 2020 lawsuit filed by Epic Games, the creator of Fortnite, against Apple for its alleged monopoly in the mobile games market.
COIN GABBAR Views: Is the crypto winter finally coming to an end? Bitcoin has surged, but the question remains: will the rally continue? The crypto market is eagerly awaiting the Federal Reserve's decision on May 3rd. Will BTC and ETH surpass $30,000 and $2,000, respectively, or will they drop towards $25,000 and $1,600? To navigate these volatile markets, it is essential to stay up-to-date on the latest trends, news, technical and fundamental analysis, and expert opinions. Please stay tuned with us www.coingabbar.com
Also read: Coinbase Takes Legal Action Against SEC for Lack of Regulatory Clarity
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.
