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Bitcoin, Ethereum, Quant, and Toncoin Daily Price Analyses – 24 October Roundup

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TL;DR Breakdown

  • The global crypto market has seen a trend of decline as it shed 0.67% in 24 hours.
  • The performance of Bitcoin also shows a negative trend, as it shed 0.75% in a day.
  • Ethereum has also been recessive, as it shed 1.26% over the last day.
  • Quant and Toncoin are both bullish, adding 2.98% and 3.33%, respectively.

The global crypto market has seen a reversal of the positive trend over recent hours. The latest data shows that Bitcoin, Ethereum, and others have changed direction. The reversal of the positive trend is the continuation of the same pattern that has continued previously. The market has made several attempts to regain momentum but isn’t able to continue bullish. The uncertainty in the market is the reason that it has seen continuous sell-offs. Investors have preferred to opt for more reliable options compared to this one.  

Tel Aviv stock exchange has announced restructuring and making space for a crypto platform. The crypto market seems to be gaining credence as big setups are making changes to adopt it. As the Tel Aviv stock exchange has become the latest crypto adoption, it has announced necessary changes. According to official sources, the stock exchange has a robust five-year plan that includes the tokenization of various classes of digital assets and smart contracts.

The exchange representative said in a statement that they would promote the implementation of innovative technologies. TASE has plans to examine multiple potential plans ensuring that a range of services is offered. According to official sources, a 10-12% CAGR revenue target is to be accrued from organic growth. One of the possible objectives could be the acquisition of foreign or local exchanges.

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

BTC in uncertainty

Canaan Inc. has announced a new generation of mining devices. The mentioned company unveiled its Bitcoin mining prototypes to counter the ongoing problems. The company’s CEO believes that the new generation of miners will help the mining companies with growing difficulties in the market.  

BTCUSD 2022 10 25 07 16 19
Source: TradingView

The recent changes for Bitcoin show that it has seen a reversal in gains. The latest data shows that Bitcoin has shed 0.75% over the last day. The weekly data shows that Bitcoin has shed 1.27%.

The price value for Bitcoin is currently in the $19,287.01 range. The market cap value for BTC is estimated to be $370,431,749,336. The 24-hour trading volume of Bitcoin is about $28,812,729,163.

ETH turns recessive

Ethereum’s price has continued to be uncertain as its value has continued to drop. Some analysts have held merge responsible for all these problems. There is a likely chance that the merge won’t stop its price from sinking.

ETHUSDT 2022 10 25 07 16 40
Source: TradingView

The performance of Ethereum has shown no positive change. The latest data shows it has shed 1.26% over the last 24 hours. The weekly data shows that it has added 0.59%.

The price value for ETH is currently in the $1,338.34 range. The market cap value for this coin is estimated to be $164,040,941,864. The 24-hour trading volume of this coin is about $12,665,408,730.

QNT bullish

Quant has been performing differently as it has stayed bullish. The latest data shows it added 2.98% over the last day. The weekly data for this coin shows a loss of 10.78%. The price value for QNT is currently in the $178.60 range.

QNTUSDT 2022 10 25 07 17 02
Source: TradingView

The market cap value for Quant is estimated to be $2,156,442,702. The 24-hour trading volume of this coin is about $95,337,689. The same amount in its native currency is about 533,743 QNT.

TON seeing new heights

The performance of Toncoin has also seen a positive turn as the investors remain bullish on it. The latest data shows that it has added 3.33% over the last 24 hours. The weekly data shows that it has added 16.39%. The price value for TON is currently in the $1.46 range.

TONUSDT 2022 10 25 07 19 17
Source: TradingView

The market cap value for Toncoin is estimated to be $1,783,605,288. The 24-hour trading volume of this coin is about $8,678,266. The circulating supply of this coin is about 1,221,401,181 TON.

Final Thoughts

The global crypto market has seen a negative trend over the last day. The performance of Bitcoin, Ethereum, etc., shows a negative trend, while some stayed bullish. The overall negative trend has kept the market recessive. The global market cap value has also been affected by negative changes. The latest data shows that it is estimated to be $929.84 billion. 

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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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