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Bitcoin, Ethereum, Axie Infinity, and Zcash Daily Price Analyses – 15 June Roundup

Bitcoin
TL;DR Breakdown

The global crypto market has seen a positive trend, adding 4.19% over the last 24 hours. The performance of Bitcoin has also improved, adding 3.27%. Ethereum is also showing an uptrend, adding 3.44% over the last day. Axie Infinity and Zcash are attracting new gains, adding 14.44% and 8.86%, respectively.

The global crypto market has seen an alternation of gains and losses over the last few days. In comparison to other days, the losses for Bitcoin and Ethereum increased tremendously. Now, the changing pattern has continued to emaciate the global market. The changes have resulted in a considerable decrease in market cap value. Though the current bullish change might continue, it might have little impact on the market.

The increasing problems for the crypto market have forced NFT platforms to look for cheaper options. The latest move came from OpenSea, which has moved to Seaport Protocol. The mentioned step will help with the decreased Gas fee. As OpenSea has moved to Seaport Protocol, the Gas fee would decrease by 35%.

On the other hand, there has been a considerable decrease in the value of investments in the crypto market. Private capital has continued to flee the crypto market as there has been a tremendous decrease in value. The decrease of more than 1 trillion dollars in value is an example of what the market is going through.

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

BTC seeing uptrend

The value of Bitcoin has continued to fluctuate as the alternating pattern has resumed. The previous two days show alternation in a positive and negative trend. As the losses have continued, the price value has swung between $20K and $22K. The positive fact about Bitcoin is the investor trust which has remained unchanged according to studies.

BTCUSD 2022 06 16 06 33 23
Source: TradingView

The latest data for Bitcoin shows that it has added 3.27% over the last 24 hours. The comparison of weekly performance shows that Bitcoin has shed 24.96%. It would take time to decrease the value of weekly losses.

The price value of Bitcoin has also improved as it has reached $22,712.86. If we compare the market cap value for Bitcoin, it is estimated to be $433,103,966,034. The 24-hour trading volume of Bitcoin is about $55,566,007,148.  

ETH gaining value

Ethereum has also seen an uptrend in value as the market turned positive. The changes suggest that it would bring considerable gains to the investors. Though Ethereum has also shed value, Solana – its competitor- has faced problems. The decrease in the value of Solana shows that it might see decreased investments.

ETHUSDT 2022 06 16 06 33 50
Source: TradingView

The 24-hour data for ETH shows that it has added 3.44%. In comparison, the seven-day data shows that it has shed 30.85%. The latter value shows that it has shed almost one-third in value.

The price value for ETH is in the $1242.48 range. If we compare the market cap value for this coin, it is estimated to be $150,571,921,924. The 24-hour trading volume of this coin is about $37,981,066,841.

AXS skyrockets

The performance of Axie Infinity has also improved as the gains increased. The latest data shows that it has added 14.44% over the last 24 hours. In comparison, the weekly performance shows a loss of 17.44%. The price value of this coin is in the $16.10 range.

AXSUSDT 2022 06 16 06 34 40
Source: TradingView

If we look at the market cap value for this coin, it is estimated to be $1,027,109,512. The 24-hour trading volume of this coin remained at $244,549,740. The same amount in its native currency is about 15,077,895 AXS.

ZEC gaining momentum

Zcash has also gained momentum as the market has turned bullish. The latest data shows that it has added 8.86%. The weekly performance shows that it has shed 24.64%. The increasing pace of losses shows that its price value has decreased likely.

ZECUSDT 2022 06 16 06 37 11
Source: TradingView

The current price value for this coin is in the $69.20 range. If we look at the market cap value, it is estimated to be $1,013,626,735. In comparison, the 24-hour trading volume of this coin is about $164,661,501. The circulating supply for this coin is about 14,613,719 ZEC.

Final Thoughts

The global crypto market has seen continuous stress on its value. The market changes result from a complex web of problems that the global economy faces. The changes have resulted in the loss of a considerable amount in the global market cap. The current global market cap value is in the $974.99 billion range. If the losses continue, its value might depreciate further. 

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.

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