| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $30000 | 2.63% |
| ETHEREUM | $1877 | 1.19% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.23 T | 2.30% |
| TRADING VOLUME | $49.30 B | 26.21% |
| Indices | LTP | Change (%) |
|---|---|---|
| UkraineDAO Flag NFT | $0.054 | 3317.73% |
| Meme Lordz | $0.0041 | 119.06% |
| dfohub | $0.0011 | 108.41% |
| Tarot | $0.11 | 63.26% |
| Akropolis | $0.0087 | 63.23% |
| Indices | LTP | Change (%) |
|---|---|---|
| Gem Exchange and Trading | $0.00026 | 91.79% |
| CPChain | $0.00059 | 68.61% |
| TimeNewBank | $0.000037 | 86.39% |
| YOLOCash | $0.00061 | 46.61% |
| Bomb Money | $0.011 | 33.58% |
On Wednesday, Bitcoin and other major cryptocurrencies saw an uptick in trading as a response to Fitch's recent action. The global rating agency downgraded the US long-term ratings from AAA to AA+, coinciding with a period when companies are reporting relatively positive earnings.
Austan Goolsbee, President of the Chicago Federal Reserve Bank, stated that the US Federal Reserve will assess the inflation figures before making a decision on whether to maintain higher interest rates. Goolsbee mentioned that the Fed will begin reducing rates once there is a clear path to decrease inflation. He further added that his stance on the September Federal Open Market Committee (FOMC) interest rate decision will be influenced by the upcoming economic data.
Former MtGox CEO, Mark Karpeles, has recently made a revealing statement regarding Dr. Craig Wright's claims about 80,000 BTC stored in a wallet address starting with 1Feex. This revelation has sparked interest among MtGox's creditors, as they seek clarity amidst ongoing lawsuits and disputes involving Wright's ownership assertions.
Shytoshi Kusama , the renowned developer behind Shibarium, a Layer-2 blockchain, has teased a noteworthy partnership that could propel the platform to new heights. This collaboration is set to play a crucial role in SHIB's upcoming phase of innovation and growth. Kusama openly acknowledges the significance of the Bad Idea AI project (BAD) in this venture, hinting that BAD might take on a more substantial role than originally expected. While the specifics of the partnership are yet to be revealed, it's clear that exciting developments are on the horizon for the SHIB community.
COIN GABBAR Views: Will the crypto market respond to the global rating agency's downgrade of the US long-term ratings from AAA to AA+ during a period of relatively positive earnings reports for companies? Can we expect a surge or decline in the crypto market as a result? Stay tuned for the latest news at www.coingabbar.com
Also read: A Warning For Nigerian Investors: SEC Warns Against Binance
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.
