TL;DR Breakdown
- The global crypto market continues to gain value, adding 0.43 percent over the last 24 hours.
- Bitcoin is still bullish as its gains amount to 0.86 percent for the last 24 hours.
- Ethereum is following Bitcoin in gains, added 0.52 percent in 24 hours.
- Symbol is bullish as gains about 2.99 percent while Secret is in a bearish mood, losing 3.37 percent.
The global crypto market is in a satisfactory situation as it continues to grow its gains steadily. The result of these gains is strength in the value of coins like Bitcoin, Ethereum, and other altcoins. The market has remained bullish after the new additions didn’t let it lower the value. The gains continue as expected, and this week might restore the value it lost in December 2021.
As the crypto market grows, the competition is also enjoying a good run. The latest in this regard is the multi-CBDC settlement project. Various countries are participating in this project, and if it succeeds, it will affect the market for decentralized cryptocurrencies. We are yet to know how long this project will take and if the investors would be willing to back it.
Israel’s Bank Leumi has begun working on recognizing and accepting crypto. Thus, banks will improve their services to cover cryptocurrency trading. It will help the bank enhance its sphere of influence and serve customers who need crypto services more than in past years. Here is a brief overview of the current market situation using the performance of Bitcoin, Ethereum, and some other altcoins.
BTC crosses $44K
Bitcoin is probably its most impressive best bull run in recent times because of the record number of customers it has attracted. This change has taken the stats for holders to a new record. Data indicates over 40 million Bitcoin holders, a value that might continue to grow. As the number of holders grows, its worth also follows.
Data shows that Bitcoin has gained 0.86 percent over the last 24 hours. Analyzing its performance over the last seven days shows that Bitcoin has gained 8.03 percent. The current price value for Bitcoin is about $44,275.75.
If we take a peek at its market cap value, it is estimated to be $841,274,421,700. The 24-hour trading volume of this coin is about $33,996,931,893.
ETH soars
Ethereum continues to soar as its gains continue to accumulate. The result has been an increase in the price value. The new influx came from positive indications from Bitcoin and other altcoins. Thus, the overall situation of the market is bullish.
Ethereum closed gains of about 0.52 percent over the last 24 hours. Over 7 days, the coin gained about 7.69 percent. The value of gains has fluctuated, and it has performed less impressively compared to Bitcoin. The current price for it is in the $3,119.34 range.
The market cap value for Ethereum is estimated to be $376,024,664,485. The 24-hour trading volume is about $17,395,052,043, with a circulating supply of 120,106,071 ETH.
XYM is in a bullish mood
Symbol token has also maintained a bullish momentum following Bitcoin and other top-performing coins. These gains have amounted to about 2.99 perfect over the last 24 hours. In comparison, the gains for the previous seven days are about 12.73 perfect. As these gains have continued to flow towards Secret token, its price value has reached $4.86.
Secret token’s market cap value sits around $823,860,146. Its trading volume is about $9,402,450, which amounts to about 3,710,817 XYM. The circulating supply of this token remained 5,582,460,005 XYM.
SCRT turns bearish
The Secret token has been moving in the opposite direction compared to the dominant trend in the market. For the last 24 hours, its performance shows that it has shed 3.37 percent. Looking at the weekly data, it still shows gains of about 9.42 percent. The price value for Secret is in the $4.86 range.
The current market cap value for Secret is estimated to be $792,824,846. At the same time, its 24-hour trading volume is about $33,304,681. The circulating supply for this coin remained 163,295,557 SCRT.
Final Thoughts
The market continues to gain strength as gains accumulate with time. These gains reflect the growing value of the global market cap, which is currently about $2.00T. The market has seen slight fluctuations in value as the gains for some coins turned bearish. Despite these changes, the market continues to hold its gains, and the value hasn’t taken a major hit. The Russia-Ukraine conflict has hastened the process of global cryptocurrency adoption, and as a result, there has been an increase in the value of different currencies.
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