The global crypto market has continued to face problems as it couldn’t turn bullish. The recent changes for Bitcoin, Ethereum, and others show that their value has continued to lower. As the market has faced continued losses, there has been a significant change in its value. The market has made several attempts to recover from the bearish situation but to no avail. The continuing problems have forced it to linger in low.
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Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum, and others.
BTC continues to dip
Many companies have come forward to prevent unruly happenings in the wake of FTX collapse. Bitcoin.com has launched the ‘CEX Education Program’ to help promote DeFi. The entity will not only help users but will also prove a strength to exchanges in the wake of the collapse of major names.
The recent changes for Bitcoin show that it hasn’t been able to recover from bearishness. The latest data shows that it has shed 4.97% over the last 24 hours. The weekly performance of Bitcoin shows a loss of 0.16%.
The price value of BTC is currently in the $16,027.20 range. The market cap value of Bitcoin is estimated to be $307,930,937,000. The 24-hour trading volume of Bitcoin is about $24,122,377,045.
ETH on a sharp decline
FTX exploiter has swapped 50K ETH to BTC swap, thus sparking a concern for Ethereum. The exploiter began swapping on 20 November, creating panic amongst users. The result was a sharp decline in the value of this coin.
The performance of Ethereum shows a sharp decline in value. The latest data shows that it has shed 7.84% over the last day. The weekly performance of this coin shows a loss of 5.18%.
The price value of ETH is currently in the $1,123.44 range. The market cap value of this coin is estimated to be $137,480,194,885. The 24-hour trading volume of this coin is about $10,594,275,257.
XEC facing losses
There has been a continuing trend of losses for eCash over the recent hours. The latest data shows that it has shed 8.36% over the last 24 hours. The weekly performance of this coin shows a gain of 2.68%. The price value of XEC is currently in the $0.00002823 range.
The market cap value of eCash is estimated to be $542,819,177. The 24-hour trading volume of this coin is about $54,092,690. The same amount in its native currency is about 1,912,732,080,073 XEC.
APT on a downward journey
The value of Aptos has continued to decline due to its decline. The recent data shows that it has shed 13.62% over the last 24 hours. The weekly performance of this coin shows that it has added 2.67%. The price value of APT is currently in the $3.97 range.
The market cap value of Aptos is estimated to be $515,752,679. The 24-hour trading volume of this coin is about $128,657,991. The circulating supply of the same coin is about 130,000,000 APT.
Final Thoughts
The global crypto market has witnessed a negative change in performance as it couldn’t regain value. The recent changes show that leading coins like Bitcoin, Ethereum, etc. have seen a continued decline. The result of negative changes is a decline in the value of the global market cap. The latest data shows that it is estimated to be $794.78 billion.
