24 Hrs Crypto Update, Mar 29:Altcoins Have the Potential to Outperform
- Following a brief hiatus in the upward trajectory of the cryptocurrency market earlier this week, Bitcoin and other digital assets have once again resumed their ascent
- Over the last 24 hours, several noteworthy cryptocurrencies, including BTC, XRP, ADA, and XLM, have experienced a significant surge in their market value
BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28333 | 3.43% |
| ETHEREUM | $1791 | 0.49% |
CRYPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.23 T | 2.90% |
| TRADING VOLUME | $70.00 B | 44.30% |
Top 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| VAER PROTOCOL | $0.000077 | 106.43% |
| SINOVATE | $0.00057 | 105.05% |
| RECAST1 | $0.0000064 | 99.70% |
| CONCAVE | $4.32 | 74.27% |
| SXP | $0.53 | 70.24% |
Top 5 Loser
| Indices | LTP | Change (%) |
|---|---|---|
| AIDOS KUNEEN | $0.026 | 77.91% |
| CLUCOIN | $0.00000000040 | 51.09% |
| MOBIECOIN | $0.00017 | 43.30% |
| BETU | $0.00092 | 37.08% |
| TRACER DAO | $0.012 | 33.88% |
On Wednesday, the cryptocurrency markets
experienced a surge, resulting in an increase in the global crypto market cap. Bitcoin (BTC) saw a rise reaching a value of $28,500.
Similarly, Ethereum (ETH) surpassed the $1,800 level. This upward trend in the crypto market is a promising sign for investors and traders alike.
Major Events Around the World
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The Securities and Exchange Commission (SEC) has filed charges against Beaxy, a cryptocurrency platform, and its executives. The allegations state that they failed to register as an exchange, broker, or clearing agency. This is the latest move by the financial watchdog in their ongoing crackdown on crypto firms operating in the United States.
-
Amidst the ongoing investigation against Binance exchange, Catherine Coley, the former CEO of Binance's U.S. subsidiary, has sought legal representation from a former federal prosecutor and top cop at the CFTC. As per a Reuters report, Coley is currently being advised by James McDonald, who is now a partner at the prestigious New York law firm, Sullivan & Cromwell.
-
A consortium of esteemed industry leaders, researchers, and AI experts, including the renowned Tesla CEO Elon Musk, Apple co-founder Steve Wozniak, and distinguished computer science professor Stuart Russell, are advocating for a temporary halt in the training of potent AI models. Their collective concern stems from the potential risks associated with the unchecked development of AI technology. As such, they are urging developers to exercise caution and consider the ethical implications of their work before proceeding further.
COIN GABBAR Views: Cryptocurrency is gaining momentum! With the recent news of El Salvador's acceptance of Bitcoin as legal tender, many are wondering if now is the opportune time to invest in emerging cryptocurrencies such as Big Eyes Coins. We would love to hear your thoughts on this matter, so please feel free to share your views in the comment section below. please stay tuned with us www.coingabbar.com
Also read: European Union Adopts New Regulations to Prevent Crypto-Based Money Laundering
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.
