logo

Bitcoin, Ethereum, ApeCoin, and Decentraland MANA Daily Price Analyses – 17 August Roundup

Bitcoin
TL;DR Breakdown
  • The global crypto market hasn’t been able to regain value as it has shed 4.76% in 24 hours.
  • The performance of Bitcoin has seen no improvement as it has shed 2.46% over the last day.
  • The value of Ethereum has also shown a downtrend as it has receded by 2.54%.
  • ApeCoin and Decentraland MANA are both bearish as they have shed 2.62% and 7.11%, respectively.

There has been no positive change in the global crypto market as the losses continue. The continuation of losses has brought a decrease in the value of Bitcoin, Ethereum, and others. The increased losses have also affected the investors, who have considerably reduced their gains. The change in the market pace has continued for a while as the downwards pull has continued. There is no surety about the market’s next move, but the losses might continue.

Binance has reopened fund withdrawals after a temporary closure. Binance had announced on 17 August that it had temporarily closed withdrawals for many networks. The reason cited for the suspension of withdrawals was a problem with a third-party tech partner. As the minor glitch has been resolved, the users’ withdrawal of funds has resumed.

Binance is one of the leading crypto exchanges, and the users were worried about the possible problems. The company’s management had ensured that there was no big problem and the investor funds were safe. The company had transferred funds to SAFU and ensured customer funds were not compromised.

Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.

BTC lowers to $23.4K

The Tornado Cash saga has created problems for many crypto companies. One of these is Bitcoin Lightning Network, which faces a regulatory risk due to the changing situation. According to policy advisor Patrick Hanson, Bitcoin Lightning Network stands a chance to face risks after the expanding sphere of sanctions.

BTCUSD 2022 08 18 08 45 23
Source: TradingView

The latest data shows that Bitcoin hasn’t been able to see enhancements. The latest data shows a loss of 2.48% over the last 24 hours. The weekly data shows the same pattern as it has shed 3.50%.

The price value for Bitcoin is in the $23,474.59 range. The market cap value for Bitcoin is estimated to be $448,936,812,093. The 24-hour trading volume of this coin is about $30,220,702,960.

ETH facing downward pull

Ethereum merge has brought various benefits for the users as well as big companies. According to a report by J P Morgan, the Ethereum merge will greatly benefit Coinbase. The most-anticipated update is expected to be complete on 15 September. Coinbase has been affected recently due to the bearish changes in the market.

ETHUSDT 2022 08 18 08 45 49
Source: TradingView

Ethereum has also faced problems due to the bearish market. The latest data shows a loss of 2.54% over the last day. The seven-day data shows a loss of 1.54% for Ethereum.

The price value for ETH is in the $1,851.25 range. The market cap value for this coin is estimated to be $225,864,647,247. The 24-hour trading volume of this coin is about $20,189,315,447.

APE still bearish

ApeCoin has continued bearish as the market is unable to regain value. The latest data shows a loss of 2.62% over the last 24 hours. The weekly data shows a loss of 13.02% as the market remains recessive. The price value for APE is in the $6.19 range.

APEUSDT 2022 08 18 08 46 11
Source: TradingView

The market cap value for ApeCoin is estimated to be $1,899,930,041. The 24-hour trading volume of this coin is about $221,710,963. The same amount in its native currency is about 35,810,556 APE.

MANA facing losses

Decentraland has been no different from the rest of the tokens. The latest data shows a loss of 7.11% for this coin over 24 hours. The seven-day data shows that it has shed 9.87%. The price value for this coin is in the $0.9711 range.

MANAUSDT 2022 08 18 08 47 10
Source: TradingView

The market cap value for MANA is estimated to be $1,798,896,010. The 24-hour trading volume of this coin is about $185,851,225. The circulating supply of this coin is about 1,852,422,597 MANA.

Final Thoughts

The global crypto market has continued to face problems due to dominant bearishness. The recent changes have brought considerable losses to various coins. These include Bitcoin, Ethereum, and others that have sustained losses. As the market has remained bearish, the global market cap value has also seen a decline. The recent data shows that it has reached $1.10 trillion, shedding $0.07 trillion in a few days.   

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Muhammad Ali

Muhammad Ali

Muhammad Ali is an expert on crypto investments. Loving to write about fintech, he joins the team to provide detailed analyses of the hottest crypto news.

Related News

Hot Stories

Ethereum price analysis: ETH continues consolidation lowering to $1322
CVC Price Prediction 2022-2031: How high can Civic coin go?
Best crypto memes of the day - September 28th
Best Twitter threads of the day - September 28th
Top crypto tweets of the day - September 28th

Follow Us

Industry News

Cosmos 2.0: Uniting blockchains, interchain security, new issuance model for ATOM, and more
Bank of International Settlements green signals CBDC
Robinhood partners with Polygon to test Web3 waters. Here’s how
Shark tank's Kevin O'Leary advice to investors
What lies ahead for Voyager Digital and its investors after FTX wins the purchase auction?