| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $29975 | 0.02% |
| ETHEREUM | $1892 | 0.73% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.25 T | 0.01% |
| TRADING VOLUME | $39.10 B | 11.54% |
| Indices | LTP | Change (%) |
|---|---|---|
| Torum | $0.017 | 8104.90% |
| Zombie Inu(OLD) | $0.00000000024 | 1230.76% |
| Hoge Finance | $0.000015 | 149.56% |
| King Shiba | $0.0065 | 93.07% |
| Afreum | 0.00014 | 61.00% |
| Indices | LTP | Change (%) |
|---|---|---|
| Mercurial | $0.00022 | 56.15% |
| dfohub | $0.00080 | 48.34% |
| Jetcoin | $0.0015 | 42.47% |
| Tracer DAO | $0.0041 | 31.79% |
| DentaCoin | $0.0000013 | 26.72% |
On Wednesday, both Bitcoin and Ethereum experienced a decline, trading below $30,000 and $1,900, respectively. However, amidst this downturn, several other cryptocurrencies demonstrated a positive performance, enticing traders with potential buy signals. Notably, the XLM and XRP tokens emerged as the day's most significant gainers.
BlackRock's recent filing for a Bitcoin ETF has generated excitement among investors, pending SEC approval. NYDIG's research report explores the potential impact of a spot Bitcoin ETF, which could revolutionize the US investment landscape. Currently, there is $28.8 billion in Bitcoin product AUM worldwide, with $27.6 billion in spot products. The US market is yet to see its debut in spot Bitcoin ETFs.
The U.S. Securities and Exchange Commission (SEC), one of the largest financial watchdogs, is currently under pressure from Congress to establish effective regulations for the cryptocurrency industry. This demand arises as the commission recently obtained a partial victory in the XRP lawsuit summary judgment. U.S. Congressman French Hill, together with Rep. Dusty Johnson, penned a letter to Gary Gensler, the Chair of the US SEC, emphasizing the importance of promptly developing rules for digital assets. The letter stressed the need to establish unambiguous guidelines for all participants in the market, highlighting the significance of this endeavor.
The United States Senate has recently embraced a bill aimed at enhancing regulations on Decentralized Finance (DeFi). With the growing popularity of DeFi, regulatory authorities across the globe are directing their focus towards this sector. Worries regarding potential money laundering activities and illicit financial flows have triggered demands for heightened supervision and Anti Money Laundering (AML) compliance within the realm of DeFi.
COIN GABBAR Views: Could the latest downtrend ever come to an end? Is it possible that the crypto market will only reverse its course after undergoing a substantial drop? With macro data releases being relatively quiet this week, one can't help but wonder what exactly is unfolding in the crypto market. Stay tuned for the latest news at www.coingabbar.com
Also read: Kennedy Jr. Proposes Bitcoin-Backed US Dollar & Tax Exemptions
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.
