logo

Bitcoin, Ethereum, Cardano, and Solana Daily Price Analyses – 4 January Roundup

Bitcoin

TL;DR Breakdown

  • The global crypto market has seen a trend of gains as it added 1.23% in 24 hours.
  • The performance of Bitcoin has shown gains as it added 0.73% over the last day.
  • Ethereum has also been bullish as it added gains of 2.26% in a day.
  • Cardano is bullish, as it added 4.42%, while Solana has shed 4.81%.

The global crypto market has seen a considerable change over recent hours. The performance of Bitcoin, Ethereum, and others has continued to improve as the influx of capital continues. The improvement in an influx of capital shows that 2023 might have much better for the crypto market. Though crypto winter has lasted more than usual this time, there is a chance that it will come to an end soon. There is a need for continuous inflows and enhancement of investor trust.

SEC has interposed in Binance.US acquisition of Voyager assets, questioning the legitimacy of the deal. The SEC has questioned its legitimacy, asking for more details of the deal. Binance.US had decided to purchase the assets of now-bankrupt Voyager Digital worth more than $1 billion and help make good the customer debts. The deal was paused as the result of filing a limited objection to verify adequacy.

SEC objected to the adequacy of the information in a court filing regarding the information provided by Binance.US. SEC said in its filing that to consummate the deal of this level, there is a need for more information. The SEC has sent its concerns to the counsel of Binance.US, and a revised disclosure statement is set to be filed before subsequent motion hearings.

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

BTC trading at $16.8K

Bitcoin supporters have organized a bank run on crypto exchanges. A grassroots movement has called on Bitcoin users to take their coins off centralized exchanges and out of the control of third parties. The inability to withdrawals from bankrupt exchanges has been one of the major reasons for this.

BTCUSDT 2023 01 05 07 37 22
Source: TradingView

The recent changes for Bitcoin show an improvement as it continued to attract gains. The latest data shows that it has added 0.73% over the last 24 hours. The seven-day data shows that Bitcoin has added 2.00%.

The price value of BTC has improved to the $16,841.41 range. The market cap value of Bitcoin is estimated to be $324,234,800.255. The 24-hour trading volume of Bitcoin is about $18,161,736,432.

ETH seeing highs

Hackers have stolen $3.4 million worth of GMX tokens in a recent theft. The details show that hack exploited and drained GMX tokens from a whale. Thus, it enabled the perpetrator to exchange the assets for 2,627 Ether. Hacks have continued to affect the crypto industry amid the lasting winter.

ETHUSDT 2023 01 05 07 37 42
Source: TradingView

The performance of Ethereum has also shown improvement. The latest data shows that it has added 2.26% over the last 24 hours. The weekly performance shows an addition of 5.50%.

The price value of ETH is currently in the $1,253.82 range. The market cap value of this coin is estimated to be $153,464,351,240. The 24-hour trading volume of the same coin is about $6,188,836,862.

ADA bullish

Cardano has also been in a bullish mood as the market continues to improve. The latest data shows that it has added 4.42% over the last day. The seven-day data shows that it has added 9.59%. The price value of ADA is currently in the $0.2671 range.

ADAUSDT 2023 01 05 07 38 05
Source: TradingView

The market cap value of Cardano is estimated to be $9,218,893,162. The 24-hour trading volume of this coin is about $281,901,664. The same amount in its native currency is about 1,055,784,147 ADA.

SOL in losses

Solana has been moving in a different direction compared to the rest of the market. The latest data shows that it has shed 4.81% in a day. In comparison, the weekly data shows that it has added 37.81%. The price value of SOL has risen to $13.19.

SOLUSDT 2023 01 05 07 38 26
Source: TradingView

The market cap value of Solana is estimated to be $4,854,333,836. The 24-hour trading volume of this coin is about $996,594,801. The circulating supply of the same coin is about 367,932,020 SOL.

Final Thoughts

The global crypto market has seen a positive trend over recent hours. The performance of Bitcoin, Ethereum, etc., has shown a trend of bullishness. As the market has continued new gains, it has seen relief in the form of improving investor trust. The global market cap value has also improved as it is estimated to be $820.10 billion. 

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 decision.

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

Filecoin price analysis: FIL moves back above $5 after 12 percent decline yesterday
MicroStrategy expected to report revenue of $131m in Q4 earnings report
Bitcoin price analysis: BTC gains momentum above $23,000 after a bullish surge
Ethereum price analysis: ETH/USD recovers back to $1,593 after a bullish  breakout
Court approves BlockFi's plan to sell its crypto mining equipment

Follow Us

Industry News

MicroStrategy expected to report revenue of $131m in Q4 earnings report
Court approves BlockFi's plan to sell its crypto mining equipment
Fidelity Investment's crypto chief leaves position
Celsius operations model mislead investors: Reports
OpenSea Vs Blur: Who is winning the NFT marketplace game?

Add Your Heading Text Here