- The global crypto market has continued to recede in value as the losses continue, shedding 2.19%.
- The value of Bitcoin has also lowered further as it shed 1.91% over the last 24 hours.
- Ethereum follows the same recessive pattern as it has lost a further 2.66% in the past 24 hours.
- Neo and Zilliqa are also in a bearish mood, as they shed 6.24% and 9.90%, respectively.
The market situation hasn’t improved as the coins have gone further low due to bearishness. Though the market was expected to improve as the new week set in, it didn’t work. The loss for Bitcoin and other coins increase tells of an impending bearishness that might deprive it of further value. The start of the new is in no good mood, which tells of the hard times that the investors might face.
Samsung has successfully continued the Series A for fundraising. The initial phase helped it raise $25 million for its metaverse startups. It has begun to actively participate in metaverse-related projects because of the crucial importance of this domain. Large corporate companies are well-aware of the need for organized campaigns to raise capital that can help them stay relevant. Various companies might fade soon because of the changing scenarios, as precedent has been set in various fields. The innovative rebranding of Facebook into Meta might cope with upcoming challenges. Other companies are also following the suit.
Here is a brief overview of the current market situation using the performance of Bitcoin, Ethereum, and some other coins.
BTC lowers to $38K
Bitcoin is lowering beyond the investors’ expectations as the situation is rapidly changing. Coinbase CEO has surprised the investors through his predictions for Bitcoin and other major cryptocurrency tokens. His predictions came amid the changing situation of the market while investors have preferred to go for sell-offs.
The latest data shows that Bitcoin has shed 1.91% over the last 24 hours. The impact is even bigger if we compare the blows it suffered over the last seven days. It has suffered losses of 1.19% over the last seven days. As a result of these changes, the Bitcoin market value has lowered gradually.
The current price value of Bitcoin hasn’t improved; rather, it has taken a step lower. The latest data shows that it is currently in the $38,848.83 range. If we look at the market cap value of Bitcoin, it has also deteriorated and is currently estimated to be $740,358,047,003. If we compare the 24-hour trading volume, it is about $28,020,110,621.
ETH entering threshold zone
Ethereum is also going through a difficult phase as its value has dwindled with time. Instead of seeing improvement, the current stats tell of it going further low. There is hope for the improvement of Ethereum even though the current stats show dips.
The latest data shows that Ethereum has shed 2.66%. If we compare the weekly influx of capital, it shows no positive results. Instead, the said value shows a loss of 2.71%. The losses continue, and if the same situation persists, there are chances of a further decrease in its value.
The current price value for Ethereum is in the $2,860.33 range. If we compare the market cap value, it has been reduced to $345,364,996,496. In contrast, the 24-hour trading volume of it remained $16,279,305,749.
NEO dips further
Neo has also experienced dips over the last 24 hours as the market has continued to grow bearish. The said situation made it lose 6.24% over the last 24 hours. If we compare its situation for the last seven days, there is no difference as it has shed 4.76%. The price value has decreased likely as it is currently $19.35.
If we take a peek at the market cap value for NEO, the losses have lowered it to $1,366,669,347. In comparison, its trading volume also saw minor decreases as it is about $117,424,075. The circulating supply of it remained at 70,538,831 NEO.
ZIL is in no mood to gain
Zilliqa has also been through dips instead of improving in value. The latest data shows that the last 24 hours brought losses of 9.90%. The weekly performance of this coin is even faltering as it has receded 5.19% in value. The price value has also been affected and is currently about $0.09908.
If we look at the market cap value for Zilliqa, the value has been reduced to $1,263,399,129. In comparison, its 24-hour trading volume of it is about $403,765,401. The circulating supply of it is about $12,697,511,756 ZIL.
The global crypto market has seen a trend of continuous recession. Its value might have increased if the growth over the weekend had continued, but unfortunately, it didn’t happen. The impediments created by this situation haven’t yet been crossed, and it might take time for recovery. If the situation doesn’t improve, the market cap value might go low from the current one of $1.80T.