The global crypto market has faced changes in the influx of capital, but it has retained its gains. The latest data shows that Bitcoin has seen a lowering trend in the influx of capital, but it hasn’t yet turned bearish. In comparison, Ethereum is facing a negative trend as it has turned bearish. The rest of the market is uncertain as different coins behave differently. How the market will behave in the upcoming hours is yet to be seen.
A Ukraine high-ranking official has shared thoughts on crypto assets, referring to them as important. The most significant feature of crypto is its cross-border transactions, which makes them convenient for international use. It is a swift, simple, and convenient solution. It has proved its significance further in the Russia-Ukraine war as donations flow has continued to Ukraine via crypto.
Alex Bornyakov expressed his views about using crypto in this war and how these donations have proved fruitful. He said that even though the market has crashed, people are still donating via crypto. He also shared the Ethereum and Bitcoin addresses via which their war effort can be supported.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.
BTC trading below $24K
Bitcoin has continued near the $24K level as the gains have kept it afloat. The recent changes have allowed Bitcoin to exit the fear zone, but it needs to add value. The increase will help it inch closer to the previous highs.
The latest data for Bitcoin shows that it has added 0.08% over the last 24 hours. The weekly data shows an addition of 6.43%. The increase has helped it retain its position at a substantial point.
The price value for Bitcoin is in the $23,845.68 range. If we compare the market cap value for Bitcoin, it is estimated to be $455,845,514,477. The 24-hour trading volume of Bitcoin is about $27,880,817,794.
ETH affected by bearishness
Ethereum merge has proved a good omen for users as the price value has significantly increased. The question before market analysts is how far Ethereum can go before the final merge takes place. It would be something that no one is sure about, but a considerable rise in its value is expected.
The value of Ethereum has seen fluctuations over the last 24 hours. The latest data shows that it has shed 0.39% in the last 24 hours. The weekly performance shows an addition of 9.47%.
The current price value for ETH is in the $1,703.60 range. If we compare the market cap value for this coin, it is estimated to be $207,442,240,856. The 24-hour trading volume of this coin is about $14,913,005,115.
AR continues to grow
Arweave has also seen a considerable increase in value as the influx of capital continues. It has added 9.70% over the last 24 hours. The seven-day data shows an addition of 9.79%. The mentioned increase has brought its price value to the $15.13 range.
If we look at the market cap value for AR, it is estimated to be $509,997,049. The 24-hour trading volume of this coin is about $78,960,934. The same amount in its native currency is about 170,377 AR.
CELO adds gains
Celo has also remained bullish as the market has continued to grow. The increase has brought an addition of 4.82% over the last 24 hours. The weekly performance shows that it has added 10.44%. The increase has brought its price value to the $1.04 range.
The market cap value for CELO is estimated to be $472,446,832. The 24-hour trading volume of this coin is about $50,036,787. The circulating supply of this coin is about 450,833,963 CELO.
Final Thoughts
The global crypto market has seen a continuation in its gains. These have helped it retain its value as there has been little change. The value of Bitcoin and other major names has remained almost unchanged, showing the balance between efflux and influx. Retaining equilibrium has helped maintain the global market cap value unchanged; It is currently estimated to be $1.10 trillion.
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