Roundup 18The global crypto market has witnessed a positive change over recent hours. The performance of Bitcoin, Ethereum, and others shows that there has been a considerable improvement. The market has faced fluctuations due to the instability caused by the FTX collapse. As the contagion continues, many major and minor names have seen a decline. The market has been struggling hard to retain its value as various experts have expressed their faith in it. The market is likely to continue its gains in the upcoming hours.
Vitalik Buterin has expressed his views about crypto blues. He said in a statement that the focus should be on the tech, not the price. His target audience was weary crypto investors who have faced continuous trouble due to the bearish market. The advice came as a response to a Tweet from a crypto Twit whose complaint about the crypto market seems to be an echo of the troubles of crypto investors.
The mentioned account had said that it is tired after nine years in crypto because of the scams, frauds, and other troubles. Buterin said that the investors should distance themselves from trading and investing instead they should get closer to tech and application systems. He said that there is noise on the trading/investing side while the application system is much more exciting.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum, and others.
BTC trading at $17.2K
Bitcoin price consolidation could strengthen various other coins including TON, APE, TWT, and AAVE. If BTC rises through the resistance of $17.6K, then there is hope for these coins to tack on outsized gains. The positive trend for Bitcoin has impacts on the overall market.
The recent changes for Bitcoin show a continuation of the positive trend. The latest data shows that it has added 1.59% over the last 24 hours. The seven-day data shows that Bitcoin has added 6.98%.
The price value of BTC is currently in the $17,260.11 range. The market cap value of Bitcoin is estimated to be $331,818,685,770. The 24-hour trading volume of Bitcoin is about $17,849,182,389.
ETH in gains
Ethereum has turned inflationary as network supply fees fail to surge while network validators remain staunch in their duty to avoid slashing events. There have been questions regarding whether holding Ethereum will be profitable for Q4, or if it can cause losses.
The performance of Ethereum has also shown an optimistic trend.t The latest data shows that it has added 2.68% over the last day. The seven-day data shows that it has added 10.37%.
The price value of ETH is currently in the $1,290.11 range. The market cap value of this coin is estimated to be $157,875,494,092. The 24-hour trading volume of the same coin is about $5,174,500,580.
NEO continues bullish
The value of Neo has continued to rise as the market remained favorable. The latest data shows that it has added 0.64% over the last 24 hours. The seven-day data shows that it has added 4.76%. The price value of NEO is currently in the $6.93 range.
The market cap value of Neo is estimated to be $488,907,757. The 24-hour trading volume of this coin is about $28,582,210. The same amount in its native currency is about 4,123,796 NEO.
MINA on rise
The performance of Mina has also shown an encouraging trend. The latest data shows that it has added 3.66% over the last 24 hours. The seven-day data shows that it has added 7.26%. The price value of MINA is currently in the $0.5809 range.
The market cap value of Mina is estimated to be $443,155,801. The 24-hour trading volume of this coin is about $15,240,961. The circulating supply of the same coin is about $762,876,895 MINA.
Final Thoughts
The global crypto market has witnessed a positive change over recent hours. The latest data shows that Bitcoin, Ethereum, and others have made significant progress. The positive change has helped the market grow in value. The global market cap value has seen fluctuations over recent hours. The latest data shows that it is estimated to be $865.68 billion.
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