The global crypto market has seen a change in performance as it couldn’t retain gains. The recent data shows that the market has turned red again. As the losses continue, the market will be affected again. The value of Bitcoin, Ethereum, and others has shown a recessive trend, affecting new investments. As the market couldn’t retain its balance, the investors preferred to go for sell-offs. The recent few months have seen a dominant trend for losses.
Thailand’s Securities and Exchange Commission has introduced some strict rules regarding crypto advertisements. According to the available updates, the companies are expected to follow these rules to ensure customer safety, reducing the risks. The development took place as the new additions of crypto and blockchain were made to the rules. Thus, these changes will ensure the risk factor is reduced.
The companies will have to provide a balance of both risks and rewards to the investors. They will also have to provide complete detail to the regulator. The SEC has given the companies a time frame of thirty days to implement the new rules. Thai crypto companies have made huge profits from crypto as they not only made online advertisements but also on billboards in Bangkok.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.
BTC reverses gains
The global crypto market has remained fearful due to the struggling Bitcoin. BTC has been making attempts to stabilize itself at $20,000, but it has fluctuated several times. As this struggle continues, the market might continue to face problems.
The recent changes for Bitcoin show a reversal of the previous gains. The latest data shows it has turned bearish as it shed 0.43% over the last 24 hours. The weekly data shows that it has shed 1.64%.
The price value for Bitcoin is currently in the $19,962.33 range. The market cap value for Bitcoin is estimated to be $382,071,845,819. The 24-hour trading volume of this coin is about $29,207,945,563.
ETH turns recessive
Experts have weighed on Ethereum vulnerabilities soon after the merge takes place. The data for the top 100 tokens have recorded a bearish trend for the last week, and it seems to be continuing. Ethereum is inclusion, and it might see further harsh times after the merge takes place.
The value of Ethereum has also continued to see hard times. The latest data shows that Ethereum has shed 0.31% over the last 24 hours. The gains for the last seven days are about 4.15%.
The price value for ETH is currently in the $1,573.46 range. The market cap value for this coin is estimated to be $192,302,233,889. The 24-hour trading volume of this coin is about $17,709,975,458.
NEO red
The value of Neo has seen a decline due to a bearish market. The latest data shows that it has receded 0.91% over the last 24 hours. In comparison, the losses for the last seven days are about 0.46%. The price value for NEO is currently in the $9.03 range.
The market cap value for NEO is estimated to be $637,423,851. The 24-hour trading volume of this token is about $38,383,218. The same amount in its native currency is about 4,247,578 NEO.
NEXO in losses
The performance of Nexo has seen no improvement as it continues to recede. The latest data for this coin shows that it has shed 0.52% over the last 24 hours. The weekly data shows that the gains are about 12.05%. The price value for NEXO is about $1.04.
The market cap value for Nexo is estimated to be $583,047,188. The 24-hour trading volume of this token is about $28,388,479. The circulating supply of this token is about 560,000,011 NEXO.
Final Thoughts
The global crypto market has seen a speedy change in value due to a bearish turn. The recent data for Bitcoin, Ethereum, and others shows that they couldn’t retain gains. The result was a turn in their value as they show a dominant trend for bearishness. The global market cap value has also seen changes. The recent data shows that it is currently estimated to be $979.64 billion.
