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Bitcoin, Ethereum, FTX Token, and Chainlink Daily Price Analyses – 21 August Roundup

Bitcoin
TL;DR Breakdown
  • The global crypto market has continued to gain value as it has added 1.24% over the last day.
  • The performance of Bitcoin has also been good, as it gained 1.04% in 24 hours.
  • The value of Ethereum also saw improvement as it added 1.33% in a day.
  • FTX Token and Chainlink are both bullish as they have added 2.57% and 1.52%, respectively.

The global crypto market has seen a continuation of a positive trend. The recent changes have brought Bitcoin, Ethereum, etc., to a privileged position. Though the gains are not that big, there is still a continuing improvement. As the gains continue, the market will see stability in the value. The current attempts are to ensure that the market doesn’t go back to the previous lows. If the market regresses, it might result in huge losses.

The US has been tough on bringing crypto-related hackers and fraudsters to justice. According to available updates, an alleged Russian crypto money launderer has been extradited to the US. The alleged person’s extradition occurred through the DOJ’s Office of International Affairs. Denis Mihaqlovic Dubnikov was in the Netherlands and has been extradited to face charges in the District of Oregon.

According to the Department of Justice, Dubnikov was charged by a grand jury in Portland for his alleged international crypto laundering conspiracy last August. According to the press release, Dubnikov and his accomplices were fully aware of their actions and what they would result in. They had carried out ransomware attacks across the globe, causing huge financial losses.  

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

BTC growing slowly

Bitcoin has fallen below $22,000 as a result of the recent negative changes in the market. The bearishness has ended, but Bitcoin is struggling to recover its value. While MicroStrategy’s Michael Saylor wants Elon Musk to invest more in Bitcoin. Musk was instrumental in the previous rise of Bitcoin to ATH.

BTCUSD 2022 08 22 06 29 44
Source: TradingView

The latest data for Bitcoin shows that it has seen positive change. The available data shows that it has added 1.04% over the last 24 hours. The weekly data shows a loss of 12.20%.

The price value for Bitcoin is in the $21,419.21 range. The market cap value for Bitcoin is estimated to be $409,466,632,041. The 24-hour trading volume of this coin is about $23,247,288,492.

ETH continues to gain

Ethereum has also seen a decline in value the last week as its value plunged by 21%. The drop in value has brought its price below $1.7K. The reason for the decline in the value of the market isn’t yet known, but it has begun to rejuvenate.

ETHUSDT 2022 08 22 06 30 09
Source: TradingView

The value of Ethereum has seen slight improvement recently. The latest data shows that it has added 1.33% over the last 24 hours. The weekly data shows a loss of 17.96%.

The change in value has resulted in bringing its price value to the $1,601.81 range. The market cap value for ETH is estimated to be $195,375,362,903. The 24-hour trading volume of this coin is about $15,896,259,084.

FTT gains momentum

FTX Token has also gained momentum as the market remained bullish. The latest data shows an addition of 2.57% for this coin over the last 24 hours. The weekly data shows a loss of 11.19%. The price value for FTT is in the $27.52 range.

FTTUSDT 2022 08 22 06 30 42
Source: TradingView

The market cap value for FTT is estimated to be $3,700,731,153. The 24-hour trading volume of this coin is about $334,758,872. The same amount in its native currency is about 12,162,461 FTT.

LINK seeing slight growth

Chainlink has also seen slight growth as a result of the influx of capital. The latest data shows that it has added 1.52% over the last 24 hours. The seven-day data shows that it has shed 20.08%. The changes show that its price value is in the $7.01 range.

LINKUSDT 2022 08 22 06 32 22
Source: TradingView

The market cap value for LINK is estimated to be $3,300,992,432. The 24-hour trading volume of this coin is about $277,145,362. The circulating supply of the same token is about 134,454,078 FTT.  

Final Thoughts

The global crypto market has continued to grow in value. The recent data shows that it remained bullish, adding a considerable amount. The previous bearish wave had affected it for a while but has regained momentum. The recent changes show that the global market cap value has also stabilized. The latest data shows that it is currently estimated to be $1.02 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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