24 Hrs Crypto Update, 11 July: Bitcoin above $30,500, Ether flat
- Bitcoin experienced a surge, driven by the optimistic forecast from Standard Chartered, a U.K. bank, earlier this week
- Over the past 24 hours, well-known cryptocurrencies like BTC, BNB, XRP, and MATIC, among others, have sustained a positive trajectory, consistently demonstrating upward price trends
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $30500 | 0.04% |
| ETHEREUM | $1880 | 0.16% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.23 T | 0.40% |
| TRADING VOLUME | $78.90 B | 6.48% |
| Indices | LTP | Change (%) |
|---|---|---|
| ROBO INU Finance | $0.00000000016 | 44387.18% |
| unitrade | $0.022 | 337.16% |
| clucoin | $0.0000000044 | 242.33 % |
| palgold | $0.00020 | 152.92% |
| monetha | 0.0059 | 115.31% |
| Indices | LTP | Change (%) |
|---|---|---|
| futurecoin | $0.030 | 63.14% |
| SMARTCASH | $0.00015 | 68.63% |
| DFOHUB | $0.00054 | 59.75% |
| COMBO FINANCE | $1.16 | 49.50% |
| SCONEX | $0.0075 | 48.86% |
Cryptocurrency market surged 0.40% to $1.23 Trillion
During Wednesday morning in Asia, Bitcoin experienced an upward trend, crossing the $30,500 threshold. This surge was attributed to Standard Chartered, a U.K. bank, and its optimistic prediction for a Bitcoin rally, which has been consistently bolstering investor confidence. While Ether remained relatively stable in its trading, several other non-stablecoin cryptocurrencies in the top 10 witnessed gains. Notably, Solana's SOL token emerged as the front-runner among the winners.
Major Events Around the World
Stakeholders in the cryptocurrency market now have an opportunity to voice their opinions on the ambiguous aspects of taxation related to crypto assets. This chance arises from a fresh avenue for policy inputs, which is being sought by the US Senate Finance Committee. On Tuesday, the committee took the initiative to tackle uncertainties surrounding the tax regulations for digital assets, actively seeking input from experts, stakeholders, and interested parties. This proactive step from the committee is a refreshing departure from the antagonistic atmosphere fostered by the U.S. Securities and Exchange Commission (SEC).
The United States Department of Justice (DoJ) has recently filed criminal charges against Shakeeb Ahmed for his involvement in an attack on an undisclosed decentralized exchange (DEX) platform controlled by a smart contract. This marks a significant milestone as it is the first time such charges have been brought forward in this context.
As previously announced, the FTX Derivatives Exchange, which unfortunately faced bankruptcy, has now introduced a 'Claim' portal. This portal serves as a crucial initial step for all creditors to officially submit their claims and begin the process of retrieving their funds that were previously inaccessible on the trading platform. This development follows the remarkable achievement of the current FTX management, who successfully recovered over $7 billion.
COIN GABBAR Views: What unfolded in the crypto market? Does the ongoing consolidation phase create uncertainties about market sentiment, leaving us unsure whether the sell-off is concluding or if the bulls are preparing for a potential rebound? Stay tuned for the latest news at www.coingabbar.com
Also read: Goldman Sachs: India to Surpass US as Second-Largest Economy by 2075
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.
