Search Engine Loud
No Result
View All Result
Thursday, June 1, 2023
  • Login
  • Home
  • Startups
  • Blockchain
  • NFT
  • Metaverse
  • Industry 4.O
  • News
subscribe
  • Home
  • Startups
  • Blockchain
  • NFT
  • Metaverse
  • Industry 4.O
  • News
subscribe
Search Engine Loud
Home News

Bitcoin maintains US$30,000, Solana jumps, U.S. equities trade mixed

by poshak walia
April 12, 2023
in News
0
Crypto token
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Bitcoin maintains US$30,000, Solana jumps, U.S. equities trade mixed

The majority of the top 10 non-stablecoin cryptocurrencies increased on Wednesday morning trading in Asia, while Bitcoin maintained its price above US$30,000. Since some investors anticipate significant withdrawals of staked Ether, Ethereum fell ahead of the Shanghai hard fork. Solana led the winners ahead of Thursday’s debut of the company’s first smartphone. Investors are anticipating the March release of the U.S. consumer price index (CPI), which will shed light on inflation and the Federal Reserve’s upcoming interest rate decision.

 

Fast facts

  • According to data from CoinMarketCap, Bitcoin increased 1.33% in the last day to reach US$30,256 at 9:00 a.m. in Hong Kong, holding a weekly gain of 5.51%. The biggest cryptocurrency in the world broke beyond the $30,000 barrier on Tuesday and hit a high of $30,509 early on Wednesday. According to a Reuters story on Wednesday, investors had staked that the U.S. CPI data would enable the Fed to alter its monetary tightening policies, which would indicate that rate hikes are about to come to a stop.

 

  • Ethereum lost 1.37% of its value to US$1,890 and finished the week 1.23% down. On Wednesday, the Ethereum blockchain’s Shanghai hard fork, also known as the Shapella update, will occur (Thursday morning in Hong Kong). Investors will be able to withdraw their staked Ether for the first time thanks to a hard fork upgrade.

 

  • Solana increased 9.95% for the week and 11.98% to US$23.44. On Thursday, Solana Mobile, a division of Solana Labs, will introduce the Saga, a smartphone that incorporates the Solana blockchain and lets users conduct on-chain transactions, manage digital assets, and use a number of decentralised applications.

  • In the last day, the entire market value of cryptocurrencies increased by 0.70% to US$1.24 trillion. Over the past 24 hours, the total trade volume increased 5.10% to reach US$43.63 billion.

 

  • The Forkast 500 NFT index, which measures the non-fungible token (NFT) market, increased 1.27% to 3992.14 in the 24 hours before to 9:00 a.m. in Hong Kong, but was still down 1.04% for the week. The index, which includes 500 valid smart contracts on any given day, serves as a proxied indicator of the performance of the worldwide NFT market. It is controlled by the CryptoSlam data department of Forkast Laboratories.

 

  • While investors awaited Wednesday’s release of the U.S. March CPI, U.S. stocks ended Tuesday with a mixed performance. The S&P 500 barely changed, the Dow Jones Industrial Average rose by 0.29%, and the Nasdaq Composite Index fell by 0.43%.

 

  • Bloomberg reported on Wednesday that analysts predict the US CPI to have increased 5.1% year over year in March, down from 6% in February but still significantly higher than the Fed’s target of keeping inflation below 2%. In May, there may be another 25-basis-point rate hike in the United States, but some investors are already looking for signs of lower rates in the second half of 2023, according to a Reuters story on Wednesday.

 

  • The overview of the U.S. employment situation that was provided last Friday painted a hazy picture. Employers only created 236,000 nonfarm payrolls in March, the smallest rise since December 2020, which indicates a deterioration in the economy even though the employment rate decreased to 3.5%, lower than the analysts’ projection of 3.6%.

Apart from this, develop your own cryptocurrency to get rich rapidly – Come in contact with a Cryptocurrency development company  now!

(Visited 1 times, 1 visits today)
Tags: Best cryptocurrency development companyBitcoincryptocurrency development company

Related Posts

Bitcoin Price Prediction as Digital Asset Firm CEO Says He’s “More Bullish Now Than I’ve Ever Been” – Bitcoin to $100,000 This Year?

May 15, 2023

New Filing Reveals Trump Earned Up to $1 Million from NFT Sales – Here’s What You Need to Know

April 17, 2023

Bitcoin Price Prediction as $10 Billion Trading Volume Comes In – Where is BTC Heading Now?

April 17, 2023

Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals

April 13, 2023

Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency, and NFTs: April 

April 13, 2023

Byepix Metaverse provides endless possibilities, from building virtual homes and businesses to exploring new worlds.

April 13, 2023

Recent Posts

Bitcoin Price Prediction as Digital Asset Firm CEO Says He’s “More Bullish Now Than I’ve Ever Been” – Bitcoin to $100,000 This Year?

May 15, 2023

New Filing Reveals Trump Earned Up to $1 Million from NFT Sales – Here’s What You Need to Know

April 17, 2023

About Us

  • Home
  • Startups
  • Blockchain
  • NFT
  • Metaverse
  • Industry 4.O

Our Categories

  • Blockchain
  • Industry 4.O
  • Metaverse
  • Startups
  • NFT

Please Subscribe

  • Home
  • News
  • Contact
  • Privacy Policy
  • Blogs

© 2023 Search Engine Loud

  • Home
  • Startups
  • Blockchain
  • NFT
  • Metaverse
  • Industry 4.O
  • News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In