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Bitcoin, Ethereum, Stellar, and Filecoin Daily Price Analyses – 14 December Roundup

Bitcoin

TL;DR Breakdown

  • The global crypto market has witnessed a decline in performance as it shed 1.28% in 24 hours.
  • The value of Bitcoin has also lowered as it declined 0.55% over the last day.
  • Ethereum has been in no good mood as it shed 2.26% over the last 24 hours.
  • Stellar and Filecoin are both bearish as they shed 1.56% and 1.28%, respectively.

There has been a negative trend in the global crypto market over recent hours. The performance of Bitcoin, Ethereum, and others shows that they have reversed their gains. The market had just made a recovery from the downward pressure faced because of the rumors regarding Binance. Now, there has been a considerable change in the market value as it continues to fluctuate. There is a hope that the market will soon be able to turn bullish.

The next UK financial regulator has called for tougher crypto rules. According to news from media outlets, Ashley Alder, the incoming chair of the Financial Conduct Authority, has called for strict regulations. He further added that the companies in the crypto industry are evasive and allow for money laundering. The harsh words from Ashley Alder came at a time when the market has been facing a severe downtrend because of the ongoing turbulence.

He had harsh words for crypto while addressing the members of parliament. Speaking at a cross-party treasury committee, Alder suggested that crypto should be regulated further. He further added that crypto companies are deliberately evasive, and they help money laundering by the method. The criticism came after the companies weren’t able to pass basic anti-money laundering tests.

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

BTC turns recessive

Bitcoin miner CleanSpark has slashed 2023 hash rate guidance on build-out delays. The Bitcoin miner company pushed back its hash rate guidance for the end of 2023 due to delays from partner Lancium. Bitcoin miners have also faced severe pressure because of the increased problems and decreased revenue over the last few months.

BTCUSD 2022 12 15 07 34 52
Source: TradingView

The performance of Bitcoin shows a negative change as it couldn’t retain gains. The latest data shows that it has shed 0.55% over the last 24 hours. The weekly performance of Bitcoin shows that it has added 4.98%.

The price value of BTC is currently in the $17,670.31 range. The market cap value of Bitcoin is estimated to be $339,873,160,836. The 24-hour trading volume of Bitcoin is about $26,293,157,520.

ETH also in losses

MetaMask is set to allow users to purchase and transfer Ethereum via PayPal. The service will be initially rolled out to select PayPal users within the United States. The integration of traditional payments into crypto is one of the main aims of the crypto industry.

ETHUSDT 2022 12 15 07 35 12
Source: TradingView

The value of Ethereum has also continued to lower as the negative trend set in. The latest data shows that it has receded by 2.26% over the last 24 hours. The seven-day data shows that it has added 4.91%.

The price value of ETH is currently in the $1,289.55 range. The market cap value of this coin is estimated to be $157,806,932,863. The 24-hour trading volume of the same coin is about $8,275,271,959.

XLM reversing gains

Stellar has also been in a reversal mode as the market has turned recessive. The latest data shows that it has shed 1.56% over the last 24 hours. The seven-day data shows that it has regressed by 1.71%. The price value of XLM is currently in the $0.08248 range.

XLMUSDT 2022 12 15 07 35 33
Source: TradingView

The market cap value of Stellar is estimated to be $2,149,227,913. The 24-hour trading volume of this coin is about $48,081,501. The same amount in its native currency is about 584,179,958 XLM.

FIL facing downtrend

Filecoin has also been facing a downtrend due to an unfavorable market. The latest data shows that it has shed 3.62% over the last 24 hours. The seven-day data shows that it has regressed by 4.46%. The price value of FIL is currently in the $4.18 range.

FILUSDT 2022 12 15 07 35 57
Source: TradingView

The market cap value of Filecoin is estimated to be $1,419,285,431. The 24-hour trading volume of this coin is about $114,692,505. The circulating supply of the same coin is about 339,871,832 FIL.

Final Thoughts

The global crypto market has seen a negative trend over recent hours. The performance of Bitcoin, Ethereum, and others has continued to show regression. As the market has lowered gains, there has been an increase in efflux. The global market cap value has also suffered. The latest data shows that it is estimated to be $858.62 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 decision.

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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