There has been tremendous growth in the global crypto market seen. The increase in the gains for Bitcoin, Ethereum, and others has proven to be a good omen. It has brought them gains and a considerable rise in their value. The first two are scaling new heights and attempting to cross the previous barriers. As the market has turned away from the impacts of bearishness, it is expected to maintain its momentum.
South Korean prosecutors have completed the raids and seizures regarding the proof required in the Terra collapse. The fate of Do Kwon remains uncertain while he is still under observation from South Korean authorities. According to the local media, Yonhap news, the search and seizure operation has ended in a week. The authorities were able to make unique discoveries regarding the case.
According to the official information, the raid was conducted at 15 different trading platforms and organizations that had links with Terraform Labs. The report says that the prosecutors were focused on getting as much data as possible. According to analysts, the amount of data obtained was enormous, which is why it took a week to complete the operation.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and other altcoins.
BTC close to $24K
Bitcoin has continued to gain strength as it has retained its gains. The latest changes show that it has gained further traction. According to analysts, the next target seems to be $25K, which seems not far if it maintains gains.
The latest data for Bitcoin shows that it has added 3.15% in a single day. In comparison, the seven-day data shows that it has added 3.94%. The increasing trend for gains has strengthened it.
The price value for Bitcoin is in the $23,860.01 range. If we compare the market cap value for Bitcoin, it is estimated to be $455,878,078,132. The 24-hour trading volume of Bitcoin is about $38,989,806,799.
ETH trading above $1.7K
Some of the cities in the US have continued to provide unending support to crypto expansion plans. One of these is Miami, whose mayor Francis Suarez has continued his love affair with Web3. According to available updates, the city of Miami will launch 5,000 Ethereum NFTs with Time, Mastercard, and Salesforce.
The value of Ethereum has also seen a tremendous increase. The latest data shows that it has added 4.36% in the last 24 hours. The weekly data shows an addition of 10.21%. If this addition continues, it will take Ethereum to new heights.
The current price value for ETH is in the $1,721.48 range. If we compare the market cap value for this coin, it is estimated to be $209,566,978,147. The 24-hour trading volume of this coin is about $26,716,545,516.
FIL trying new heights
Filecoin has also utilized the influx of capital as it has grown in value. The latest data shows that it has added 6.21% in the last 24 hours. The weekly performance shows an addition of 6.72%. The increase in gains has brought its price value to the $5.99 range.
The market cap value for FIL is estimated to be $1,467,669,939. The 24-hour trading volume of this coin is about $293,772,032. The same amount in its native currency is about 49,075,972 FIL.
EOS continues rising
The value of EOS has seen a continued increase as the influx continues. The latest data shows an addition of 2.95% in 24 hours. The weekly data shows an addition of 24.44%. The price value for this coin is in the $1.30 range.
If we peek at the market cap value for EOS, it is estimated to be $1,293,545,619. The 24-hour trading volume of this coin is about $431,356,223. The circulating supply of this coin is about 995,667,423 EOS.
Final Thoughts
The global crypto market has seen a tremendous increase in value. These changes have increased the price value of Bitcoin, Ethereum, and others. They can move past the previous resistance levels if they retain the momentum. The global market cap value has seen a significant increase. It is currently estimated to be $1.10 trillion.
