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.
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.
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.
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.
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.