24 Hrs Crypto Update, May 14: BTC, ETH edge higher; LTC and BCH leads
- BTC has surged past $27,000 due to higher transaction fees caused by network congestion. At the same time, ether has exceeded the $1,800 support level. its blockchain developers have also revealed updates to tackle the performance problems encountered last week
- In the past 24 hours, the market value of several leading cryptocurrencies, such as BTC, ETH, LTC, and SOL, has witnessed a significant surge
BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $26877 | 0.68% |
| ETHEREUM | $1813 | 1.29% |
CRYPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.18 T | 1.40% |
| TRADING VOLUME | $28.70 B | 68.64% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| TosDis | $3.18 | 28731% |
| CVNX | $0.0055 | 388.29% |
| MicroMoney | $0.0043 | 306.10% |
| Evedo | $0.010 | 73.52% |
| Golden Ball | $0.0000096 | 45.14% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| Cryotopay | $0.00044 | 99.03% |
| AidosKuneen | $0.0073 | 85.97% |
| HelloPets | $0.072 | 53.08% |
| Populous | $0.0087 | 52.93% |
| Tokenplace | $0.0018 | 51.16% |
The leading cryptocurrencies are currently experiencing a positive
trend in the market. Bitcoin, in particular, has seen a surge in prices, reaching above US$27,000 in early morning trading in Asia. Ether has also managed to surpass the US$1,800 support level, while Litecoin and Bitcoin Cash are leading the pack as the top gainers. This bullish trend is a promising sign for investors and traders alike, indicating a potential for further growth in the near future.
Major Events Around the World
Unocoin, a prominent cryptocurrency exchange in India, has recently added two of the most buzzed-about meme coins in the crypto community - FLOKI and PEPE - to its platform. According to Twitter polls, BONE is expected to be the next coin to be listed on Unocoin's platform. Unocoin has established itself as a popular crypto platform for buying, selling, and trading cryptocurrencies in India. The inclusion of FLOKI and PEPE on Unocoin's platform offers users more opportunities to diversify their investment portfolios in the digital assets market.
The proposal for the v2.0.1 upgrade, submitted by the Terra Classic core developer Joint L1 Task Force (L1TF), has successfully passed the threshold limit. This upgrade is a significant milestone for the LUNC blockchain, as it includes the Cosmwasm v1.1.0 upgrade (parity) on May 31st. This upgrade will enable projects and builders across Cosmos and Terra (LUNA) to build on the Terra Classic chain.
According to Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, the recent trend of gold prices increasing in comparison to Bitcoin prices is a significant development that could persist for some time. McGlone suggests that the risks associated with Bitcoin rollover lean towards deflation. Bloomberg data reveals that as of May 8, 2023, the price of gold had increased by approximately 10% year on year, making it one of the top-performing major assets. In contrast, Bitcoin had decreased by almost 20% during the same period, while the S&P 500 remained relatively stable. This further highlights the current trend of gold prices rising in relation to Bitcoin prices.
COIN GABBAR Views: The disparity between gold and Bitcoin is gaining momentum once again. The correlation between Bitcoin and Ether has dipped below 80% for the first time in two years, which raises the question of what this means for the market. Additionally, there is demand pressure at a key support level, indicating that Bitcoin's price may rise by 7% in the coming week. The big question is whether BTC will hold the $26,000 level. Stay tuned for updates and the latest news us at
Also read: Texas Introduces Bill to Ban Central Bank Digital Currency
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.
