Bittime - The crypto industry continues to grow, especially with many new projects emerging. That way, market trends continue to shift. To be able to survive amidst crypto developments, information about crypto is very important. The following are highlights of today's crypto news, May 2, 2024.
Crypto Market Still Sluggish
Today, May 2 2024, the crypto market is still sluggish. This is proven by the majority of crypto prices still moving in the red zone. One of them is Bitcoin (BTC) which was cut 4.02 percent in the last 24 hours and 10.44 percent during the week.
Check Today's Crypto Market:
Hong Kong Crypto Asset ETF Drops
Apart from crypto assets, Exchange Traded Funds (ETFs) were also observed to experience a decline. Six newly launched spot crypto asset ETFs in Hong Kong experienced sharp declines today. The six ETFs recorded a decline of more than 7%, with a total transaction volume of only HK$68.4 million, around IDR 132 billion.
A price decline of more than 7% across spot crypto asset ETFs in Hong Kong indicates a sizable correction. In addition, the low total transaction volume, namely only around HK$68.4 million, indicates relatively quiet trading activity.
Crypto Laws and Regulations
- US: SEC Chairman Gary Gensler confirmed that the regulator will supervise the crypto industry and ensure compliance with securities rules.
- Europe: The MiCA (Markets in Crypto Assets) regulation in Europe will come into effect in September 2024. This regulation regulates various aspects related to crypto assets.
- Indonesia: CoFTRA, Indonesia's commodity futures trading supervisory agency, is currently focusing on educating crypto investors to minimize the risk of fraud.
Check Today's Crypto Market:
Other Crypto Updates
- Airdrop io.net: Decentralized computing network io.net distributed an airdrop of 15 million IO tokens to workers in the Ignition program.
- Staking MASA: AI data chain platform, Masa, collaborates with CoinList to launch a MASA staking program with up to 25% APY.
Check Crypto Prices Today:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Hong Kong Crypto Asset ETF Drops Sharply: Low Transaction Volume
April CEX Spot Trading Volume Plummets 35.7%, Binance Remains Dominant
Masa and CoinList Launch MASA Staking Program with Up to 25% APY!
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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