Today’s Cryptocurrency Prices: Bitcoin, Ethereum, and Other Leading Coins Stay Steady; Cronos Emerges as Top Performer
Bitcoin has climbed above the $29,000 mark after a few days of slump, whilst other top cryptos, including Ethereum and Dogecoin, saw minor gains across the board. However, it was Cronos that emerged as the biggest gainer, with a 24-hour jump of over 10%. MultiversX was the biggest loser, with a 24-hour dip of over 8%. The global crypto market cap stood at $1.21tn at the time of writing, registering a 24-hour gain of 0.97%. Investors and traders are now shifting their attention to the forthcoming FOMC interest rate decision scheduled for the upcoming week.
On WazirX, IDEX and BLUR have been the top gainers in the last 24 hours, despite renewed banking sector concerns and slowing US economic growth. Meanwhile, the ongoing banking crisis is shifting the focus on decentralized finance, and users are parking their money in assets that retain value. The next FOMC meeting, which is scheduled for the first week of May, will be closely watched by the crypto community, and any decision on a rate hike may have an immediate impact on the crypto market.
Bitcoin’s recent drop and quick recovery, driven by concerns about the US economy and the banking industry, have not deterred investors, as BTC and other cryptos have been resistant to industry mishaps and wider macroeconomic uncertainty since January. However, crypto products and NFTs are unregulated and can be highly risky, with no regulatory recourse for any loss from such transactions.