The global crypto market has continued to attract investments as the trend shows bullishness. The recent hours show retention of gains for Bitcoin, Binance Coin, and others. Though there has been a fluctuation in their value, there is little negative change. The market has continued to see an alternating bullish and bearish pattern. The recent changes have strengthened the value of the market, but there is still a chance of bearishness. Due to the unstable global geopolitical situation, the market has continued to risk its gains to bearishness.
MasterCard has launched a new product to help banks fight crypto-related crime. The new software launched by MasterCard has been named CryptoSecure. The software is powered by CipherTrace, which will help banks and cardholders to identify and block fraudulent transactions via crypto exchanges. The new product uses a sophisticated synthetic algorithm to assess the risk of crime associated with crypto exchanges.
As the software runs on CipherTrace blockchain, it integrates artificial intelligence, cyber, and blockchain capabilities to provide crypto stakeholders with digital asset security. MasterCard acquired the company CipherTrace back in October 2019. Banks and other card issuers will see a dashboard showing the severity of risks associated with crypto transactions and activities when they use this platform.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.
BTC stuck at $20K
Bitcoin has seen hope as its bounce coincides with a possible macro reversal. The extreme bullish wave for Bitcoin came as its accumulation level hit a seven-year high. The massive surge was seen last time in 2015, and the current one gives new hope to investors.
The recent changes suggest a continuation of the bullish trend for Bitcoin. The latest data shows that it has added 3.49% over the last day. The weekly data shows that Bitcoin has added 7.80%.
The price value for Bitcoin has enhanced to $20,209.58 as the bullish trend continues. The market cap value for Bitcoin is estimated to be $387,466,772,325. The 24-hour trading volume of Bitcoin is about $36,129,569,470.
ETH eyeing $1.4K
Actor Scott Eastwood has announced an Ethereum NFTs giveaway for charity. The Suicide Squad star and Clint Eastwood’s son shared that he was hesitant to jump this bandwagon but changed his mind soon. Also, Three Arrows Capital NFTs are being moved to a new wallet.
The value of Ethereum has also experienced a hike due to continuing gains. The latest data shows an addition of 2.58% over the last 24 hours. The weekly data shows an addition of 5.44%.
As the influx of capital remains strengthened, the price value for ETH has reached $1,354.66. The market cap value for this coin is estimated to be $166,172,770,436. The 24-hour trading volume of this coin is about $10,188,078,078.
HBAR fluctuating
The performance of the Hedera Hashgraph has shown a fluctuating pattern. The latest data shows that it has added 1.13% over the last day. The seven-day data shows that it has added 1.05%. The result of the enhancement of gains is an increase in price value for HBAR, which is currently in the $0.05815 range.
The market cap value for Hedera Hashgraph is estimated to be $1,335,697,769. The 24-hour trading volume of this coin is about $34,509,967. The same amount in its native currency is about $593,420,717 HBAR.
XTZ continues to grow
Tezos has also continued to grow as a result of the sustained influx of capital. The latest data shows that it has added 1.56% over the last 24 hours. The weekly data shows that it has added 2.40%. The price value for XTZ is currently in the $1.45 range.
The market cap value for Tezos is estimated to be $1,325,055,151. The 24-hour trading volume of this coin is about $22,231,499. The circulating supply of this coin is about 911,236,997 XTZ.
Final Thoughts
The global crypto market has seen a change in pattern as it has continued to gain. Recent data shows that Bitcoin, Ethereum, and others continued to gain value. The enhancement in gains has strengthened the global market cap value. The latest data shows that it is estimated to be $965.31 billion.
