The global crypto market has seen a continuation of a positive trend. The recent changes have brought Bitcoin, Ethereum, etc., to a privileged position. Though the gains are not that big, there is still a continuing improvement. As the gains continue, the market will see stability in the value. The current attempts are to ensure that the market doesn’t go back to the previous lows. If the market regresses, it might result in huge losses.
The US has been tough on bringing crypto-related hackers and fraudsters to justice. According to available updates, an alleged Russian crypto money launderer has been extradited to the US. The alleged person’s extradition occurred through the DOJ’s Office of International Affairs. Denis Mihaqlovic Dubnikov was in the Netherlands and has been extradited to face charges in the District of Oregon.
According to the Department of Justice, Dubnikov was charged by a grand jury in Portland for his alleged international crypto laundering conspiracy last August. According to the press release, Dubnikov and his accomplices were fully aware of their actions and what they would result in. They had carried out ransomware attacks across the globe, causing huge financial losses.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.
BTC growing slowly
Bitcoin has fallen below $22,000 as a result of the recent negative changes in the market. The bearishness has ended, but Bitcoin is struggling to recover its value. While MicroStrategy’s Michael Saylor wants Elon Musk to invest more in Bitcoin. Musk was instrumental in the previous rise of Bitcoin to ATH.
The latest data for Bitcoin shows that it has seen positive change. The available data shows that it has added 1.04% over the last 24 hours. The weekly data shows a loss of 12.20%.
The price value for Bitcoin is in the $21,419.21 range. The market cap value for Bitcoin is estimated to be $409,466,632,041. The 24-hour trading volume of this coin is about $23,247,288,492.
ETH continues to gain
Ethereum has also seen a decline in value the last week as its value plunged by 21%. The drop in value has brought its price below $1.7K. The reason for the decline in the value of the market isn’t yet known, but it has begun to rejuvenate.
The value of Ethereum has seen slight improvement recently. The latest data shows that it has added 1.33% over the last 24 hours. The weekly data shows a loss of 17.96%.
The change in value has resulted in bringing its price value to the $1,601.81 range. The market cap value for ETH is estimated to be $195,375,362,903. The 24-hour trading volume of this coin is about $15,896,259,084.
FTT gains momentum
FTX Token has also gained momentum as the market remained bullish. The latest data shows an addition of 2.57% for this coin over the last 24 hours. The weekly data shows a loss of 11.19%. The price value for FTT is in the $27.52 range.
The market cap value for FTT is estimated to be $3,700,731,153. The 24-hour trading volume of this coin is about $334,758,872. The same amount in its native currency is about 12,162,461 FTT.
LINK seeing slight growth
Chainlink has also seen slight growth as a result of the influx of capital. The latest data shows that it has added 1.52% over the last 24 hours. The seven-day data shows that it has shed 20.08%. The changes show that its price value is in the $7.01 range.
The market cap value for LINK is estimated to be $3,300,992,432. The 24-hour trading volume of this coin is about $277,145,362. The circulating supply of the same token is about 134,454,078 FTT.
Final Thoughts
The global crypto market has continued to grow in value. The recent data shows that it remained bullish, adding a considerable amount. The previous bearish wave had affected it for a while but has regained momentum. The recent changes show that the global market cap value has also stabilized. The latest data shows that it is currently estimated to be $1.02 trillion.
