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Bitcoin, Ethereum, Celo, and Decred Daily Price Analyses – 20 August Roundup

Bitcoin
TL;DR Breakdown
  • The global crypto market has continued to grow in value as it reduced losses to 0.64%.
  • The value of Bitcoin has enhanced considerably as it has added 0.58% in a day.
  • Ethereum is still in losses as it has shed 2.31% over the last 24 hours.
  • Celo and Decred are both bullish as they have added 2.31% and 2.655, respectively.

The global crypto market has continued at a positive pace as it has added a considerable amount. The last day brought the market’s losses to lows, and then it took a positive trajectory. The value of Bitcoin, Binance Coin, and others has seen a significant positive change. As the growth continues, the investors will benefit from the changes. The increased sell-offs recently were because of the lowered gains for the investors. The strength of the ongoing bullish wave will determine how much progress the market makes.

Uniswap has been hard on those wallets using the blockchain for illicit activities. According to available updates, it has blocked more than 250 accounts in four months. Jordan Frankfurt, the software developer of Uniswap, revealed these details on GitHub. The data logs show that most of the accounts were linked to crypto mixers, including Tornado Cash.

US Treasury recently sanctioned Tornado Cash for aiding money laundering and other illegal activities. Different blockchains have implemented measures to ensure that their system isn’t used for any illegal activities. The partnership between TRM Labs and Uniswap has helped the latter in blocking addresses related to illicit activities. They have blocked many addresses from Uniswap’s frontend services.

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

BTC turns bullish

The recent twenty-fours has seen a sharp increase in sell-offs. The result of the mentioned change has been increased volatility. The reason for the sell-offs is unknown, but the excessive selling pressure might affect the performance of Bitcoin.

BTCUSD 2022 08 21 07 43 14
Source: TradingView

The latest data for Bitcoin shows an addition of 0.58% over the last 24 hours. The increase in value of Bitcoin might bring it much-needed stability. The weekly data shows a loss of 13.51% for Bitcoin.

The price value for BTC is in the $21,243.65 range. The market cap value for Bitcoin is estimated to be $406,235,166,020. The 24-hour trading volume of this coin is about $26,467,780,872.  

ETH still bearish

Ethereum merge is getting closer, and there are many fears related to it. The recent sanctions on Tornado Cash have created a difficult situation for Ethereum, which was expecting a much smoother experience. The ETH all-core developer meeting was recently held, which cooled off the fears of sell-offs resulting from the merge. The increased confidence will enhance ETH in the coming days.  

ETHUSDT 2022 08 21 07 43 52
Source: TradingView

Ethereum has seen improvement in value, but it is yet bearish. The latest data shows a loss of 2.31% over the last 24 hours. The weekly performance shows a depreciation of 19.90%.

The price value for ETH is in the $1,590.93 range. The market cap value for this coin is estimated to be $194,168,639,915. The 24-hour trading volume of this coin is about $17,792,061,826.

CELO continues to grow

Celo has also been in gains as it has added 2.31% over the last 24 hours. The seven-day data shows that the losses for the same coin are about 21.25%. As the market has fluctuated, the price value for this coin is in the $0.9075 range.

CELOUSDT 2022 08 21 07 44 57
Source: TradingView

The market cap value for CELO is estimated to be $414,367,282. The 24-hour trading volume of the same coin is about $18,241,368. The same amount in its native currency is about 20,101,946 CELO.

DCR adds value

The value of DCR has also been bullish as it has added 2.65% over the last 24 hours. The weekly data shows that it has shed 19.47%. The price value for Decred is in the $28.80 range.

DCRUSDT 2022 08 21 07 46 36
Source: TradingView

The market cap value for DCR is estimated to be $411,336,259. In comparison, the market cap value for the same coin is estimated to be $4,023,106. The circulating supply of the same coin is about 14,281,946 DCR.

Final Thoughts

The global crypto market has seen a change in performance as it has grown considerably. The latest data shows that various coins, including Bitcoin, have been on the gaining side. The increase in gains has brought the pattern of sell-offs to lows. If the gains continue, the global market cap value will increase further. The global market cap value is currently estimated to be $1.01 trillion. 

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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