The global crypto market has slightly improved over the last 24 hours. The latest data shows that the market attracted investments. The recent data for Bitcoin, Ethereum, and others show considerable improvement. The changes in the market show a positive trend which is expected to encourage investors. As the improvement continues, the market will see a decrease in sell-offs. The market is yet to experience a strong bullish wave as some of the tokens are yet bearish.
Celsius has a court hearing regarding bankruptcy that will have lasting impacts. The hearing is scheduled for three hours, and decisions for future hearings will be made. Some of the possible decisions include sealing creditor information, the decision regarding the qualification of custodial accounts’ withdrawal, etc. Celsius had filed an application for bankruptcy, citing Chapter 11 of bankruptcy.
Later, Celsius’ counsel filed an application for authority to open withdrawals for specific custody and withhold accounts. Various parties are expected to give their feedback regarding it. The verdict will be announced on 5 October. Celsius has discerned that these funds are not part of the estate, and thus they can be withdrawn. However, it remains to be decided who qualifies for withdrawals.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.
BTC trading at $20K
Bitcoin has continued to face difficulties in the market due to market volatility. According to available updates, the funding rates remain negative. Though the funding rates have remained negative, traders can still benefit from the situation. There have been slight changes in the market, but their impacts will take time.
The recent data for Bitcoin shows that it has made a slight improvement. The one-day data shows that Bitcoin has shed 0.48%. The data for the last seven days shows that the losses are about 7.01%.
The price value for Bitcoin is currently in the $20,067.19 range. The market cap value for BTC is estimated to be $383,959,589,237. The 24-hour trading volume of this coin is about $29,470,744,254.
ETH improves slightly
Ethereum Name Service has continued to benefit from the upcoming merge. According to the available information, it has reached the third highest monthly revenue. As the next major milestone for Ethereum is expected soon, the Ethereum universe has seen a considerable improvement.
Ethereum has also improved due to the favorable market. The latest data shows it has added 1.07% over the last 24 hours. The weekly data shows that it has receded by 6.29%.
The price value for ETH is currently about $1,580.11. The market cap value for this coin is estimated to be $193,095,287,490. The 24-hour trading volume of this coin is about $15,703,664,688.
FTT turns bullish
FTX Token has also been bullish as the gains continue. The latest data shows that it has added 0.13% over the last 24 hours. The weekly data shows that the losses are about 3.88%. The price value for FTT is currently in the $26.80 range.
The market cap value for FTX Token is estimated to be $3,597,553,150. The 24-hour trading volume of this coin is about $260,391,266. The same amount in its native currency is about 9,714,424 FTT.
ATOM in gains
The value of Cosmos has also enhanced as the market continues to add. The latest data shows that it has added 7.14% over the last 24 hours. The weekly data shows that the losses are about 1.42%. The price value for ATOM is currently about $12.53.
The market cap value for Cosmos is estimated to be $3,587,786,268. The 24-hour trading volume of this coin is about 391,987,691. The circulating supply of this coin is about 286,370,297 ATOM.
Final Thoughts
The global crypto market has seen a positive change in value. As the improvement has set in, the market is expected to grow in value. As the gains continue, the value of Bitcoin, Ethereum, etc., has enhanced. The global market cap value has also seen a positive change. The latest data shows that it is currently estimated to be $981.57 billion.
