The global crypto market has witnessed a positive change in value as the influx of capital continues. The recent changes for Bitcoin and Ethereum show that the market has continued to be bullish. But in contrast, there has been a negative change for some of the following coins in the market. The uncertainty in the market has continued for the last few months. The US economy has been positive development as the dollar is looking for stability. Thus, if the dollar’s stability continues, there is a likely chance of the stability of the global crypto market.
CFTC has said in a statement that over 20% of the cases it handled this year were related to crypto. The US SEC and CFTC are two regulating offices that have been the subject of which should be dealing the crypto-related activities. SEC wants nothing less than full control, while CFTC has almost the same ambitions. The battle might turn in favor of the CFTC as it has strengthened its case with the recent stats.
According to the statement released by CFTC DOE, it had 82 enforced actions in 2022. Of these cases, 18 were related to crypto, accounting for more than 20% of the total. Commissioner Rostin Benham stated that these cases show that CFTC continues to aggressively police the new digital economy with all available tools.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum, and others.
BTC slow in gains
Block has continued its Bitcoin mining and wallet hiring spree. The mentioned company has been building out its Bitcoin mining and wallet team in an ongoing hiring blitz. Jack Dorsey has plans to expand the scope of his business by grabbing the opportunity that others tend to leave due to the recessive market.
The recent changes for Bitcoin show a continuation of gains. The latest data shows that it has added 0.35% over the last 24 hours. The weekly data shows that it has added 0.43%.
The price value for BTC is currently in the $19,207.38 range. The market cap value for Bitcoin is estimated to be $368,529,060,377. The 24-hour trading volume of Bitcoin is about $15,973,800,493.
ETH continues bullish
Ethereum supply is likely to drop from the pre-merge levels as more coins are being burned than created. There has been a trend of decline in its value since the merge took place.
The performance of Ethereum has shown a positive trend. The latest data shows that it has added 1.26% over the last day. The weekly data shows that it has added 2.46%.
ETH’s price value has reached the $1,313.56 range, as the trend remains positive. The market cap value for this coin is estimated to be $160,745,412,756. The 24-hour trading volume of this coin is about $7,243,340,109.
The performance of Cronos has shown a recessive trend. The latest data shows that it has shed 0.03% over the last 24 hours. The weekly data for Bitcoin shows that it has added 1.33% over the last day. The price value for CRO is currently in the $0.1058 range.
The market cap value for Cronos is estimated to be $2,671,915,100. The 24-hour trading volume of this coin is about $22,676,960. The same amount in its native currency is about 214,411,134 CRO.
QNT in losses
The value of Quant has also shown a decline as the market remained unfavorable for it. The latest data shows that it has shed 6.79% over the last day. The weekly data shows that it has shed 5.31%. The price value for QNT is currently in the $175.46 range.
The market cap value for Quant is estimated to be $2,118,241,683. The 24-hour trading volume of this coin is about $116,948,806. The circulating supply of this coin is about 12,072,738 QNT.
The global crypto market has seen a positive trend over the last day. The recent changes for Bitcoin, Ethereum, etc., show a bullish trend, while some coins have remained recessive. As the overall trend for the market was positive, there has been an enhancement in value. The global market cap value has added slightly as it is currently estimated to be $924.29 billion.