Ethereum
$ 1,187.05 2.99%
Solana
$ 37.95 6.48%
Dogecoin
$ 0.070939 6.88%
ApeCoin
$ 4.91 0.61%
Bitcoin
$ 20,783.00 2.22%
BNB
$ 234.64 1.80%

Bitcoin, Ethereum, Gala, and Gnosis Daily Price Analyses – 7 June Roundup

Bitcoin
TL;DR Breakdown
  • The global crypto market has changed its direction to bullishness as it added 4.56% over the last 24 hours.
  • The performance of Bitcoin has also improved as it gained 5.60% in 24 hours.
  • Ethereum has also continued to gain value as it added 4.63%.
  • Gala and Gnosis are both bullish as they added 2.31% and 3.03%, respectively.

The performance of the global crypto market has continued to fluctuate alternately. The changes for Bitcoin and other coins show that the change on positive and negative sides have continued. The change noticed this time is the speedy pace of addition and losses compared to other days. The market would need stronger efforts to cross the current barrier to improving its value. It is yet to be seen what would be the next turn for the market.

The changes in the crypto market have remained positive in some aspects. One of them is the increased awareness regarding it and metaverse. A recent study from Wunderman Thompson has shown that analysis of global consumer data shows a doubling in the awareness of metaverse.

New changes in PayPal show that now the users will be able to transfer holdings between external wallets and exchanges. It will bring ease to the users who faced problems recently. PayPal Holdings Inc. has brought many eases to the investors.

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

BTC trades above $31K

New York had banned Bitcoin mining in a recent decision. According to the available updates, it has yet to become law as the New York governor hasn’t yet signed it. According to the governor, they have yet to look into this and might sign it in the next six months. If the change is approved, it will halt Bitcoin mining in New York.

BTCUSD 2022 06 08 07 12 27
Source: TradingView

The latest data for Bitcoin shows that it has added 5.60% in the last 24 hours. The seven-day data shows that Bitcoin has shed 2.47%. Positive changes have reduced the value of weekly losses in the market.

The price value for Bitcoin is in the $31,117.76 range. If we look at the market cap value for Bitcoin, it is estimated to be $593,141,579,344. The 24-hour trading volume of this coin is about $37,771,530,035.  

ETH trajectory seeing a rise

Ethereum NFTs have continued to attract new additions. The latest in this regard is the launch of the Web3 writers’ room. It will be Ethereum NFTs-based room that will help writers explore new horizons. The famous star Rob McElhenney has launched this room. A significant amount in Bitcoin and Ethereum futures saw liquidation as the market fluctuated.  

ETHUSDT 2022 06 08 07 15 48
Source: TradingView

Ethereum has taken a positive turn as gains increased to 4.63% over the last 24 hours. If we compare the weekly performance, Ethereum has shed 6.50%. The weekly losses for Ethereum are yet high and need to be decreased.

The price value for ETH is in the $1,819.86 range. If we look at the market cap value, it is estimated to be $220,365,020,532. The 24-hour trading volume of this coin is about $21,276,901,624.

GALA fluctuates

Gala has also seen a fluctuation in value as the market took a positive turn. The latest data shows that it has added 2.31% over the last 24 hours. The weekly performance shows a loss of 2.36%. The price value of this coin is currently in about the $0.08066 range.

GALAUSDT 2022 06 08 07 16 34
Source: TradingView

If we look at the market cap value for Gala, it is in the $562,752,214 range. The 24-hour trading volume of this coin is about $515,812,265. The same amount in its native currency is about 6,395,226,973 GALA.

GNO stays bullish

Gnosis has also remained bullish as the market took a positive turn. The latest data for this coin shows that it has added 3.03% over the last 24 hours. The weekly losses for this coin are about 6.68%. The losses would decrease if it added to its value.

GNOUSDT 2022 06 08 07 20 24
Source: TradingView

The price value for GNO is in the $191.06 range. If we look at the market cap value for this coin, it is estimated to be $490,999,058. The 24-hour trading volume of this coin is about $7,091,572. The circulating supply for this coin remained at 2,579,588 GNO.

Final Thoughts

The global crypto market has continued to change in value like Bitcoin, and other coins have turned bullish. The market has brought speedy gains to various coins amid bullishness. The market cap value has also improved as it reached $1.26T. The current pattern shows that the changes might continue in a positive direction. 

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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