In uneven Tuesday morning trade in Asia, Bitcoin fell below the US$28,000 level as Ether increased. Dogecoin gained 18.51%, while XRP fell by 5.44%. In the last day, the overall market value of cryptocurrencies fell 0.27% to US$1.17 trillion. Over the past 24 hours, total trade volume increased by 55.83%, reaching US$49.45 billion. The NFT Index, which includes 500 valid smart contracts on any given day, serves as a proxied indicator of the success of the worldwide NFT market.
The Nasdaq Composite Index fell 0.27% on Monday, while the S&P 500 increased by 0.37% and the Dow Jones Industrial Average increased by 0.98%. Tuesday’s OPEC+ output reduction could increase crude oil prices to $100 per barrel from their present level of roughly US$80, raising inflation concerns in several big economies. Interest rates in the United States are currently between 4.75% and 5%, the highest level since June 2006, and economists disagree on the Fed’s next course of action when it meets on May 3.
