- The global crypto market remains stable over Easter eve, adding 1.11% in 24 hours.
- Bitcoin has also benefitted from the market stability, adding 1.04% over the last 24 hours.
- Ethereum is dormant as the market remains unaffected, adding 1.28% in 24 hours.
- OKB and Loopring are bullish as the market is relatively stable, adding 3.89% and 3.89%.
The global crypto market has performed relatively better as the occasion of Easter has let it cool down. The previous few days were hard for the market as it went through a continuous loss. Despite the influx of funds, the situation didn’t improve, and it deteriorated further. The last day brought comparative stability as the sell-offs lowered. The situation is expected to improve further as the activity will remain slow in the market due to the weekend.
The situation in Eastern Europe hasn’t improved as the war continues. The main reason is Russian stubbornness which knows no end despite heavy losses and human casualties. This war resulted in heavy sanctions for Russia and other retaliatory actions, but they didn’t budge. The highest cost of it is being borne by Ukraine, whose economy is in rags.
The impacts are not limited to these two countries. Instead, the world-level markets like crypto have been the main victims. If we look at the performance of Bitcoin during the said crisis, it has continuously decreased in value. The start of it even took Bitcoin to the brink of crashing, but it recovered gradually.
Here is a brief overview of the current market situation using the performance of Bitcoin, Ethereum, and some other coins.
BTC remains static
Easter has brought Bitcoin good vibes as it remains in a stable state, not losing much. The two-week performance tells of Bitcoin losing about $10K in value. The situation is not stable yet, and the situation will become clear at the start of the new week. Though there are chances of little addition to Bitcoin value, bigger gains are less expected.
The recent data for Bitcoin shows that it has added 1.04% over the last 24 hours. If we compare the data for the last seven days, the losses have continued to lower. The latest data tells of a 4.60% weekly depreciation. The price value is likely to remain stable during the current period.
The recent data shows that the Bitcoin price remained at about $40,475.84. The market cap value for Bitcoin is estimated to be $769,801,324,648. In comparison, the 24-hour trading volume of Bitcoin is about $18,366,379,475.
ETH seeing no significant change
The situation for Ethereum also remained undisturbed as it showed no significant activity. The value of Ethereum remained close to its price support. If there is a negative change in the value, there are chances that it will be lower. Ethereum hasn’t been able to go farther from $3K since the start of the year and might continue so.
The recent data shows that Ethereum has been able to gain 1.28% over the last 24 hours. The gains for Ethereum and Bitcoin remained in the same range as both attracted little new funds. The weekly performance of Ethereum is also in the same range as Bitcoin. It has shed 5.55% in the past seven days.
The price value for Ethereum remains in the same range as it is about $3,041.21. The market cap value for Ethereum is estimated to be $366,289,718,548. In comparison, the 24-hour trading volume of Ethereum is about $8,937,220,532.
OKB continues to grow
OKB has been in a better situation compared to Bitcoin and Ethereum. Its recent data shows that the gains remained 3.89% over the last 24 hours. In comparison, the weekly performance for OKB shows gains of 6.71%. As a result of these gains, the price value has remained stronger at about $20.65.
The market cap value for this coin is estimated to be $1,239,124,454. In comparison, the 24-hour trading volume of this coin is about $58,798,341. The circulating supply for this coin remained 60,000,000 OKB.
LRC turns bullish
Loopring has also been back to a bullish trend after suffering for a while. The previous seven days show that it went lower and then struggled to improve. As a result of this situation, its losses remained at 8.11% for the last seven days. The previous 24 hours have been much better as the gains are about 3.89%.
The current price value for Loopring is in the $0.9095 range. If we take a peek at the market cap value of LRC, it is estimated to be $1,209,387,655. In comparison, its 24-hour trading volume of it is about $68,704,931. The same amount in its native currency is about 75,538,548 LRC.
The market has shown little activity during Easter weekend. Reduced losses for many coins like Bitcoin and other currencies turned bullish. The market tends to remain testing the lows of coins, but the start of the new week will determine where it might head. Even though its losses have been too high for the past seven days, the improvement in the global market cap gives investors hope. The current global market cap value is about $1.88T, and it might improve over the weekend.