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Bitcoin, Ethereum, Gnosis, and Celo Daily Price Analyses – 27 August Roundup

Bitcoin
TL;DR Breakdown
  • The global crypto market has shown slight improvement as it has added 0.14%.
  • The performance of Bitcoin still shows bearishness as it has shed 0.92% over the last day.
  • Ethereum has seen no positive change as it has declined 0.23% over the last 24 hours.
  • Gnosis is bearish as it has regressed 0.33% while Celo has added 0.52%.

The changes in the global crypto market for the last 24 hours show positive signs. There has been a slight improvement in the performance of various coins. The performance of Bitcoin, Ethereum, etc. still shows a continuation of the negative trend. The recent bearish wave has affected the market badly, bringing the overall market to lows. As these changes continue, investors have become cautious of their investments. In the majority of cases, sell-offs have remained a useful tool to avoid losses.   

NearPay has brought virtual crypto cards and wallets for both Android and iOS users. The said company is a crypto finance protocol that aims to extend its services further. The recent changes have made it available on all platforms including Web, iOS, and Android. The platform ensures that customers are able to buy crypto assets using a credit card or bank account.

The company has made the transaction process easier and thus the users can send or receive assets without any trouble. NearPay has made an attempt to make a smooth banking experience across the crypto industry. There is a general provision for the use of virtual VISA cards to allow for digital purchases. The said app directly converts fiat currency to digital assets and vice versa.

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

BTC continues to lose

Fed announcement has proven a freaky day for Bitcoin as it couldn’t resume gains. The investors were waiting for the improvement in the market but there has been little change. The ongoing situation tells that it might hit further difficult landmarks.  

BTCUSD 2022 08 28 07 48 48
Source: TradingView

The recent changes for Bitcoin show that it wasn’t able to turn bullish. The latest data shows that it has shed 0.92% over the last 24 hours. The weekly data shows that it has regressed by 5.51%.

The changes in the market suggest the Bitcoin price is lowering as it is currently in about $20,087.96 range. The market cap value for Bitcoin is estimated to be $384,703,794,761. The 24-hour trading volume of this coin is about $28,943,777,692.  

ETH in a bearish mood

Ethereum is facing a continuation of sell-offs as its price has decreased considerably. The recent data shows that it has shown no halt in decline. The last day saw a decline of 7% while it might increase further. Analysts have begun to question how long will price correction continue.

ETHUSDT 2022 08 28 07 49 31
Source: TradingView

The value of Ethereum is also on the decline due to dominant bearishness. The latest data shows that it has regressed 0.23% in a day. The weekly data shows a loss of 5.27%.

The increasing losses have brought ETH price value to the $1,501.14 range. The market cap value for this coin is estimated to be $183,513,530,012. The 24-hour trading volume of this coin is about $17,366,638,555.

GNO facing decline

Gnosis has also been facing losses due to a declining influx of capital. The latest data shows that it has faced a loss of 0.33% over the last 24 hours. The weekly data shows a loss of 7.28%. The price value for GNO is currently in the $152.37 range.

GNOUSDT 2022 08 28 07 50 02
Source: TradingView

The market cap value for Gnosis is estimated to be $393,254,947. The 24-hour trading volume of this coin is about $4,898,195. The same amount in its native currency is about 32,120 GNO.

CELO shows positive signs

Celo has added a little amount amid the stark bearishness. The latest data shows that it has added 0.52% over the last 24 hours. The weekly data shows that the losses amount to 9.77%. The price value for CELO is currently in the $0.8197 range.

CELOUSDT 2022 08 28 07 51 00
Source: TradingView

The market cap value for Celo is estimated to be $374,179,902. The 24-hour trading volume of this coin is about $9,105,473. The circulating supply of this token is about 456,611,349 CELO.

Final Thoughts

The global crypto market has seen a little change in value amid bearishness. The recent hours brought gains for some coins. But the overall performance shows that the losses for Bitcoin, Ethereum, etc. continue. The global market cap value has continued to lower. The latest data shows that it is currently estimated to be $972.46 billion. 

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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