The global crypto market has continued in a changed situation as its difficulties have increased. The change in the pace of Bitcoin and other coins in the market shows that the influx of gains has lowered over the last 24 hours. The difference between the previous day and the last few hours is that of a regressive trend gradually strengthening. If the same trend continues, the global market cap value will decrease in the same manner, affecting the emaciating market.
Stripe has resumed Bitcoin payments after four years. Bitcoin payments using Stripe remained suspended for four years due to some issues. Stripe has introduced Bitcoin payments with the help of a crypto startup OpenNode. Thus, the users will be able to avail of Bitcoin payment services using one of the most popular payment services.
MetaMask, a popular crypto wallet, has continued to extend its services to promote Web3 services. The latest step in its Web3 push is the addition of support for Coinbase Pay. It will be able to integrate Coinbase Pay into its wallets for the users, while the users will be able to utilize it soon.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and some others.
BTC turns bearish
Bitcoin has continued to face problems after the collapse of LUNA. The problems have continued, and the major change is an on-chain activity that has been throttled. The collapse of LUNA led to reduced faith in cryptocurrency. Thus, this coin and others have suffered due to a change in the activity.
The latest data for Bitcoin shows that it has shed 0.32% over the last 24 hours. If we compare the performance of Bitcoin for the last seven days, it has added 3.09%. The strength of the later value shows that it has maintained its strength.
The price value for Bitcoin is in the $29,665.10 range, not that far from $30K. The market cap value for Bitcoin shows that it is about $564,984,341,434. The 24-hour trading volume of Bitcoin is about $28,125,736,313.
ETH sees a rise in losses
Ethereum would need to revisit its gas fee structure to ensure that it attracts enough customers. It would also see a rise in the price chart if it could reduce fees. While there have been ongoing discussions regarding revisiting the fee structure, there is still a need for a consolidated step.
The latest data for Ethereum shows that it has shed 1.68% over the last 24 hours. If we compare its weekly performance, gains have remained at 1.56%. The last two months have seen a disturbance in the pattern of Ethereum’s gains, affecting its overall metrics.
The price value for Ethereum has remained in the $1,946.09 range. If we compare the market cap value, it is estimated to be $235,371,825,291. The 24-hour trading volume of Ethereum is about $13,613,130,824.
XTZ continues to grow
Tezos has remained on the positive side of the trajectory as the market has dwindled. The latest data for this coin shows that it has added 6.21% over the last 24 hours. Comparing the weekly performance has added 34.04%, a considerable amount to gain in bearishness.
The price value for XTZ has remained in the $2.21 range. If we compare the market cap value for this coin, it is about $1,977,817,868. The 24-hour trading volume of this coin is about $110,637,443. The circulating supply of this coin remained 895,934,255 XTZ.
AAVE fluctuating
Aave has also been facing recent problems like Bitcoin, Ethereum, and others. The latest data for this coin shows that it has shed 1.85%. A comparison of its performance for the last seven days shows an addition of 28.37%. The latter value significantly adds to its value, helping it remain stable in the longer run.
The price value for AAVE is in the $103.47 range, and it might grow further. The market cap value for this coin is estimated to be $1,432,961,439. The 24-hour trading volume for Aave remained at $203,516,067.
Final Thoughts
The global crypto market hasn’t been able to attract gains as the value of Bitcoin, and other leading coins dwindled further. The dominant trend of losses seems to affect the market in the coming days. The global market cap value shows that the losses have affected the market as its current value is about $1.26T. The market might continue to be affected by the global trends as the losses have continued in the global economy.
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