logo

Bitcoin, Ethereum, Polkadot, and Polygon Daily Price Analyses – 15 September Roundup

Bitcoin
TL;DR Breakdown
  • The global crypto market has seen a continuation of the negative trend, losing 3.48%.
  • The value of Bitcoin has also remained recessive as it has shed 2.10% in 24 hours.
  • Binance Coin has also shown a negative trend, losing 1.78% over the last day.
  • Polkadot and Polygon are both regressive, shedding 2.60% and 3.33%, respectively.

The global crypto market has seen a continuation of the negative trend as it has shed significant value. The market has continued to shed value as evident from the losses of Bitcoin, Ethereum, and others. The much-anticipated Ethereum merge has taken place successfully but there is no upsurge seen in the market. As the negative trend continues, investors have preferred to stay at a safe distance. The result has been a continuation of the negative trend. The post-merge market is yet to see whether it will take an upsurge or will continue to lose value.

Thailand SEC has decided to ban crypto companies offering staking and lending services. The decision came as the result of a decision to ensure that the potential risks associated with crypto lending are reduced for traders. There has been a downturn seen for various crypto lenders because of the increasing liquidity issues. The decision states the ban of ‘depository services’ for investors.

Some big names in the crypto lending industry like Celsius and Babel Finance had to face defaulters due to the economic downturn. They decided to put a halt to withdrawals, affecting the investors. The industry-wide decline has resulted in the loss of more than 50% value of Bitcoin and Ethereum. Some exchanges have planned to provide higher interest rates to depositors to avoid bankruptcy.

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

BTC recessive

As the Ethereum merge has taken place, some environmental activists have begun to criticize Bitcoin for its energy policies. Michael Saylor has responded to the allegations and said that 60% of Bitcoin mining energy comes from sustainable sources. He said it in a blog negating the views of anti-PoW activists.

BTCUSD 2022 09 16 07 08 41
Source: TradingView

The recent changes for Bitcoin show a continuation of a negative trend. The latest data shows that it has shed 2.10% over the last day. In comparison, the data for the last seven days shows that it has added 2.02%.

The price value for Bitcoin is currently in the $19,746.56 range. The market cap value for BTC has also fluctuated and is currently estimated to be $377,942,905,391. The 24-hour trading volume of Bitcoin is about $35,998,751,608.

ETH in losses

The much-anticipated Ethereum merge has taken place successfully, resulting in Ethereum 2.0. The Ethereum community has reacted with memes, GIFs, and tributes to the developers and community. The followers and competitors of Ethereum likely congratulated it on the epic transition to Proof of Stake.

ETHUSDT 2022 09 16 07 09 02
Source: TradingView

The performance of Ethereum has also shown a negative trend despite the expectations of investors regarding the post-merge scenario. The recent data shows that it has shed 9.36% over the last 24 hours. In comparison, the losses for the last seven days are about 10.01%.

The price value for ETH is currently in the $1,471.78 range. The market cap value for this coin is estimated to be $179,959,741,289. The 24-hour trading volume of it is about $26,490,665,333.  

DOT on backfoot

Polkadot has seen no improvement in value over the recent hours as its decline continues. The data for the last 24 hours shows that it has shed 2.60%. In comparison, the weekly data shows a loss of 6.68%. The price value for DOT is currently in the $6.93 range.  

DOTUSDT 2022 09 16 07 09 22
Source: TradingView

The market cap value for Polkadot is estimated to be $7,739,868,084. The 24-hour trading volume of this coin is about $372,535,158. The same amount in its native currency is about 53,785,231 DOT.

MATIC losing value

Polygon has also seen a continuation of the negative trend due to losing the market. The latest data shows that it has shed 3.33% over the last 24 hours. In comparison, the weekly data shows a loss of 2.93%. The price value for MATIC is currently in the $0.8249 range.

MATICUSDT 2022 09 16 07 11 15
Source: TradingView

The market cap value for Polygon is estimated to be $7,201,492,144. The 24-hour trading volume of this coin is about $464,400,721. The circulating supply of this coin is about 8,734,317,475 MATIC.  

Final Thoughts

The global crypto market has seen a decline in capital influx despite the new changes. Ethereum merge took place successfully on 15 September and it was expected to bring positive changes. In contrast, the market has continued to be bearish. The value of the global market cap has seen a decline over recent hours. The latest data shows that it is estimated to be $960.82 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.

Related News

Hot Stories

Will the DeFi market ever recover?
Quant price analysis: Bullish uptrend marks QNT price above $119
Zilliqa Price Prediction 2022-2031: What's the future for ZIL?
Financial Empowerment through Bankless Systems
Dogecoin price analysis: DOGE spikes to $0.068, swift retrace incoming?

Follow Us

Industry News

Financial Empowerment through Bankless Systems
Weekly Crypto Price Analysis: BTC, ETH, SOL, XRP, and ADA
Bitso plans expansion into Argentina with this new feature
Everything you need to know about LUNC burn & Binance's role in it
New orders to IRS: More crackdown on crypto traders?