The global crypto market has seen slight changes in value as the gains continue. The strength of the influx has lowered, affecting the pace of new additions. Bitcoin has been one of the main victims of this change as it hasn’t been able to move past $21K. The other giants in the market face the same dilemma even though some coins have continued to see tremendous changes. It is yet to be seen what will be the market’s next move.
Latin America has continued to lead in crypto and other decentralized technologies. According to a survey conducted by Mastercard, 50% of Latin American consumers have experience conducting transactions via crypto. The main reason for it is the crypto-friendly policies that these countries have.
On the other hand, investors have also shown enthusiasm for investing in crypto and digital assets. A prime example is El Salvador, which has adopted Bitcoin as its legal tender. Thus, these changes have also influenced the citizens, who have experimented with the new forms of investments.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, etc.
BTC unable to rise
Switzerland had shown reluctance in adopting crypto, but now its companies are looking forward to experimenting with it. According to the latest updates, the luxury brand Hublot has adopted Bitcoin for payments. Also, tram line number 42 is another addition that will accept Bitcoin payments for commuting.
The latest data for Bitcoin shows that it has added 0.50% over the last day. The gains for the last seven days are about 16.02%. If we look at the trend for gains, it has seen a downward movement.
The price value for Bitcoin is in the $21,367.60 range. The market cap value for it is estimated to be $407,634,686,124. The 24-hour trading volume of Bitcoin is about $18,023,369,109.
ETH continues with a slow pace
Ethereum has been financing various blockchain projects across the world. One of these is Symfoni which is an Ethereum-funded project in Norway. According to the latest updates, the Norwegian government is adopting this public Ethereum project. Jon Ramvi has continued to lead this project, and soon it will be used for public purposes.
Ethereum has made gains as it added 1.42% over the last 24 hours. If we compare the seven-day performance, it has added 29.62%. The streak of gains seems to be breaking as the gains lower.
The price value for ETH is in the $1,232.93 range. If we compare the market cap value for this coin, it is estimated to be $149,555,572,043. The 24-hour trading volume of this coin is about $12,097,263,521.
ATOM continues to grow
Cosmos has also been bullish as it has added 2.32% over the last day. Its weekly performance shows that the gains are about 42.34%. The tremendous gains it shows over the weekly period have helped it rise in value.
The price value for ATOM is in the $8.46 range. If we look at the market cap value for this coin, it is estimated to be $2,423,080,574. The 24-hour trading volume of this coin is about $265,609,473. The same amount in its native currency is about 31,290,893 ATOM.
VET moving upwards
VeChain has also seen upward movement, gaining 1.13% over the last day. The gains for the last seven days are about 21.94%. The price value has moved in tandem with these gains, reaching $0.02564.
The market cap value for VET is estimated to be $1,858,874,246. The 24-hour trading volume for the same coin is about $117,435,405. The circulating supply for it is about 72,511,146,418 VET.
Final Thoughts
The global crypto market has continued to grow in value, though at a slower pace. The changes have affected the performance of the leading giants of the market. The changes have slowed the rise of Bitcoin, Ethereum, and some other major coins. Also, the global market cap value has remained stuck in a specific range. According to the latest updates, it is estimated to be $959.23 billion. It might have seen an increase in the value if the gains had continued with a stronger force.
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