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Cryptocurrencies Experience Volatility Following FOMC Meeting

Key Takeaways
  • Ethereum, the second most popular cryptocurrency after Bitcoin, has successfully regained the $1,800 mark, while Bitcoin has managed to hold on to the $28,000 mark. Other popular altcoins, such as DOGE, XRP, SOL, and LTC, have also experienced positive growth across the board. The Mask Network token has emerged as the biggest gainer of the lot, while Arbitrum has unfortunately become the top loser
  • In the past 24 hours, major cryptocurrencies such as BTC, ETH, LTC, and MASK have witnessed a remarkable surge, leading to a positive trend in the market
24-Mar-2023 By: Lokesh Gupta
Cryptocurrencies Exp


Indices LTP Change (%)
BITCOIN $28283 3.55%
ETHEREUM $1813 4.52%

                                                                                                                         CRYPTO STATS(24H) 

Indices VALUE Change (%)
MARKET CAP $1.23 T 2.90%
TRADING VOLUME $57.20 B 29.40%

                                                                                                       Top 5 GAINER

Indices LTP Change (%)
AION $0.072 2822.74%
CBC.NETWORK $0.0026 102.09%
ZENITH CHAIN $0.0061 60.77%
POLYLASTIC $0.00011 51.94%
CRYPTOPAY $0.00050 47.66%

                                                                                                           Top 5 Loser

Indices LTP Change (%)
AIDOS KUNEEN $0.022 87.01%
WABI $0.0091 51.60%
QUASH $0.0059 50.83%
CVNX $0.0048 50.53%
MOBILE COIN $0.00017 49.43%

On Thursday, the cryptocurrency market continued 

its upward trajectory as investors received the message from Federal Reserve Chair Jerome Powell. Powell indicated that the central bank's rate-hiking campaign may soon come to a close due to ongoing concerns about the stability of the global banking system.

Major Events Around the World

  • The South Korean police have reported that Do Kwon, the fugitive cryptocurrency boss responsible for the $40 billion (£32.5 billion) collapse of the TerraUSD and Luna tokens, has been apprehended in Montenegro. Following his arrest, he has been charged with fraud by prosecutors in the United States. Earlier this year, US regulators accused Mr. Kwon and his company, Terraform Labs, orchestrated a multi-billion dollar crypto asset securities fraud.

  • French lawmakers have recently proposed a ban on the promotion of specific financial products and services through electronic means, including crypto assets. This measure is intended to safeguard consumers from potential risks associated with these products. The proposed amendment is part of Bill no. 790, which aims to combat scams and excesses by influencers on social networks. Additionally, the amendment suggests prohibiting the promotion of health products, gambling, and video games through similar mechanisms.

  • OpenAI, the creator of the artificial intelligence chatbot ChatGPT, has introduced a new plugin feature that allows the chatbot to retrieve information from online sources and interact with third-party websites. This groundbreaking feature is currently in its "limited" alpha phase and will only be available to a select group of users before being rolled out to a wider audience. To gain access to this exciting new feature on Chat GPT Plus, interested users must add themselves to a waitlist, as announced on March 23.

COINGABBAR Views: Cryptocurrency, has recently experienced a significant surge. This sudden rally has left many investors and enthusiasts wondering what could be driving this upward trend. Whatever the reason behind this rally, it is clear that Bitcoin continues to be a highly volatile and unpredictable asset. As always, investors should exercise caution and do their due diligence before making any investment decisions. For more information Stay tuned with us at

Also read: Kraken to Stop Supporting ACH Deposits and Withdrawals Via Silvergate

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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