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Bitcoin, Ethereum, Cronos, and Chainlink Daily Price Analyses – 3 August Roundup

Bitcoin
TL;DR Breakdown
  • The global crypto market has continued to stay bullish as it has added 2.07% in a day.
  • Bitcoin has continued to add to the value as it has gained 1.72% over the last 24 hours.
  • Ethereum has also seen an improvement in value, adding 2.71%.
  • Cronos is bearish as it has shed 3.51% while Chainlink has added 4.74%, respectively.

The global crypto market has continued to be bullish, but the pace of gains is relatively slower. Compared to the previous bullish waves, its value has seen little improvement. The positive changes for Bitcoin, Ethereum, etc., have continued but didn’t cross the expected resistance levels. It would need a stronger wave to take them higher. How they will respond in the coming hours is yet to be seen.

Another breach has taken place soon after the hacking of Nomad bridge. The latest affected names are Solana and Slope wallet which have seen losses due to a security breach. A statement from the two projects said both had been affected, but Slope was the main affected one, serving as a third-party wallet for Solana. The hackers used Slope to breach using its wallets.

According to the available information, 8,000 wallets were drained due to the breach. Solana confirmed the breach and said private key information was transmitted to an application monitoring service. They said that investigation is ongoing, and further information is underway. The good news for Solana users is that just one wallet has been affected while the remaining Solana Protocol is secure.

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

BTC unable to move past $23K

Bitcoin pioneer Jeff Garzik has launched a Web3 production company. Garzik’s media outlet will tell stories from the intersection of Sci-Fi and Web3. While on the other hand, Michael Saylor has dumped the CEO role to focus on Bitcoin. He will now serve as the chairman of MicroStrategy.

BTCUSD 2022 08 04 06 40 41
Source: TradingView

The latest data for Bitcoin shows that it has added 1.72% over the last day. In comparison, the weekly data shows an addition of 1.88%. Bitcoin would need a strong bullish wave to cross $24K.

The price value for Bitcoin is in the $23,193.30 range. If we compare the market cap value for Bitcoin, it is estimated to be $442,671,886,626. The 24-hour trading volume of Bitcoin is about $26,328,744,888.

ETH continues to add

Ethereum has continued its extended role in the promotion of NFTs. While ETH token is mainly used for NFTs, according to the latest estimates, 2.7 billion ETH have been spent on NFT minting. The mentioned amount was spent during the first half of the year 2022.

ETHUSDT 2022 08 04 06 41 05
Source: TradingView

Ethereum has also seen improvement in value as the gains increased. The latest data shows it added 2.71% over the last day. The seven-day performance also shows bullishness as it has added 2.54%.

The price value for Ethereum is in the $1,653.12 range. The market cap value for this coin is estimated to be $200,988,921,352. The 24-hour trading volume of this coin is about $16,716,446,738.

CRO remains bearish

Cronos has remained bearish even though the market has shown a positive trend. The latest data shows this coin’s loss of 3.51% over the last day. The weekly data shows a gain of 12.56%. Its price value has remained in the $0.1466 range.

CROUSDT 2022 08 04 06 41 28
Source: TradingView

If we compare the market cap value for CRO, it is estimated to be $3,701,544,233. The 24-hour trading volume of this coin is about $99,732,514. The same amount in its native currency is about 680,673,714 CRO.  

LINK continues bullish

Chainlink has also seen a bullish change in performance. It has added 4.74% over the last 24 hours. In comparison, the weekly performance shows an addition of 10.15%. The price value for this coin is in the $7.49 range.

LINKUSDT 2022 08 04 06 43 10
Source: TradingView

If we compare the market cap value for Chainlink, it is estimated to be $3,507,441,845. The 24-hour trading volume of this coin is about $393,467,546. The circulating supply of this coin is about 469,599,970 LINK.

Final Thoughts

The global crypto market has seen a bullish day but couldn’t bring the expected gains. The latest data shows that Bitcoin and other names have stayed on the positive side of the trajectory. The problem is the lack of required strength to take it past the resistance levels. The global market cap value has also experienced change. It is currently estimated to be $1.08 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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