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24 Hrs Crypto Update, Apr 30: Crypto remained locked in a tight range

Key Takeaways
  • On April 30, Bitcoin's and other crypto currency volatility decreased as the weekly and monthly candle closes approached. Traders are eagerly anticipating the upcoming US Federal Reserve meeting on May 2nd and 3rd, and the market remains optimistic about the future of cryptocurrency
  • Some of the most prominent cryptocurrencies, such as BTC, ETH, and XRP, have seen significant consolidation of trading activity in the last 24 hours
01-May-2023 By: Ashish Sarswat
24 Hrs Crypto Update

                                                                                  BENCHMARK

Indices LTP Change (%)
BITCOIN $29233 0.14%
ETHEREUM $1883 0.42%

                                                                             CRYPTO STATS(24H) 

Indices VALUE Change (%)
MARKET CAP $1.23 T 1.80%
TRADING VOLUME $42.90 B 0.93%

                                                                                  TOP 5 GAINER

Indices LTP Change (%)
World of Defish $0.00061 82.33%
Egretia $0.00031 69.25%
HEdpAY $0.15 65.92%
Aircoins $0.000026 53.69%
Silo Finance $0.10 41.91%

                                                                                  TOP 5 LOSER

Indices LTP Change (%)
GAMER $0.00011 99.39%
CorionX $0.00011 43.48%
Propel $0.0089 39.59%
dfohub $0.0017 36.77%
LunaChow $0.00000029 34.00%

On April 30, Bitcoin's volatility decreased as the weekly and 

monthly candle closes approached. Despite experiencing some unstable price fluctuations earlier in the week, Bitcoin returned to trading sideways. Interestingly, the market remained surprisingly calm, despite the potential for increased volatility due to lower weekend liquidity.

Major Events Around the World

The CEO of Twitter, Elon Musk, has recently announced a new and innovative initiative that aims to enhance the profitability of Twitter while also supporting content creators on the platform. This new plan is just one of many unconventional implementations that Twitter has been utilising to improve user experience and promote free speech. With this change, content creators, including crypto influencers, can now earn incentives for their contributions to the micro-blogging site. This is a significant step towards recognizing the value of content creators and rewarding them for their efforts. It also serves as a testament to Twitter's commitment to fostering a vibrant and diverse community of users.

ChinaBank, a leading banking institution in the Philippines, has partnered with Qatar National Bank (QNB) to offer a seamless and efficient payment solution for direct transfers from Qatar to the Philippines. This collaboration is aimed at providing enhanced financial services to Filipinos who have been working overseas, especially in the wake of the Covid-19 pandemic.

Fabian Vogelsteller, a prominent member of the Ethereum Foundation, recently took to Twitter to challenge the role of Charles Hoskinson, the founder of Cardano, in the development of the Ethereum blockchain. Vogelsteller's tweet was prompted by a comment from Eddie Roach, a Twitter user who observed that many of the key contributors to Ethereum have since gone on to create their own blockchain protocols.

COIN GABBAR Views: During Sunday's trading session, the crypto market experienced significant choppiness, with Bitcoin and Ether showing slight fluctuations while the top 10 cryptocurrencies, excluding stablecoins, had a mixed closing. Despite the volatility, traders are looking forward to the upcoming US Federal Reserve meeting with optimism for the future of cryptocurrency. In order to successfully navigate the ever-changing and unpredictable markets, it is imperative to remain informed and knowledgeable about the latest trends, breaking news, technical and fundamental analysis, as well as expert opinions. Please stay tuned with us www.coingabbar.com

Also read: Kenya to Impose 1.5% Tax on Cryptocurrency Exchanges

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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