The global crypto market has seen a change in performance as the influx of capital has changed. The recent changes for Bitcoin, Ethereum, and others show that there has been a significant reduction in the incoming capital. The result of the fluctuation in the market was a dominant trend of losses which affected the overall market. As these changes continue, the value of various coins has lowered considerably and is one further decline. If the losses continue, the market might see another drop in its value.
US Department of Defence has tapped an intelligence firm to evaluate the crypto threat to national security. An independent agency from Pentagon hired Inca Digital for the year-long project to assess the threat that cryptocurrencies might present to the US. DARPA, the Defense Advanced Research Projects Agency, has tasked Inca Digital to develop tools to know how crypto markets work.
These tools will also be used to crack down on the illicit use of crypto that could pose threats to national security. The program manager of the project, Mark Flood, told a media outlet that the program is mainly aimed at mapping out the cryptocurrency universe in some detail. Inca Digital will use multiple resources to complete this task.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.
BTC drops to $18.9K
Bitcoin has faced severe criticism from environmental activists as Ethereum moved to PoS. In a recent development, Valour has launched a carbon-neutral ETP on the Frankfurt stock exchange, Börse Frankfurt. While some analysts also hint at the chances of Bitcoin price recovery that may happen soon.
The recent changes for Bitcoin show the continuation of the fluctuations. The latest data shows it has shed 0.93% over the last day. In comparison, the weekly data for Bitcoin shows a loss of 5.40%.
The price value for BTC is currently in the $28,953.84 range. The market cap value for Bitcoin is estimated to be $363,270,172,176. The 24-hour trading volume of Bitcoin is about $25,000,401,891.
ETH in losses
Large Ethereum whales have continued to grab Shiba Inu as its price has begun to soar. The recent data shows that they have grabbed 4.5 trillion Shiba Inu after the recovery process began. The new transfers show that the market might be seeing a big change.
The performance of Ethereum shows no difference as the market has again turned bearish. The latest data shows it has shed 0.21% over the last 24 hours. In comparison, the losses for the last seven days are about 9.25%.
The price value for ETH has been reduced to the $1,321.22 range. The market cap value for this coin is estimated to be $161,867,541,130. The 24-hour trading volume of the same coin is about $11,586,116,304.
MATIC on reversal
The performance of Polygon shows the same pattern as others. The recent changes show dominant bearishness as it has shed 1.85% over the last day. The weekly performance shows the continuation of losses, shedding 7.89%. The price value for MATIC has dropped to the $0.7582 range.
The market cap value of Polygon is estimated to be $6,622,416,593. The 24-hour trading volume of this coin is about $276,086,695. The same amount in its native currency is about 364,131,251 MATIC.
SHIB recessive
The value of Shiba Inu has also receded due to the negative trend in the market. The latest data shows it has shed 0.57% over the last day. The weekly data shows no difference as it regressed by 4.29%. The continuation of regressive changes has brought the price value of SHIB to the $0.00001138 range.
The market cap value for Shiba Inu is estimated to be $6,246,313,757. The 24-hour trading volume of this coin is about $651,345,272. The circulating supply of the same coin is about 549,063,278,876,302 SHIB.
Final Thoughts
The global crypto market has seen speedy changes recently. The latest data shows that Bitcoin, Ethereum, and others are in a regressive mood. These changes have affected the overall performance of the market. As these changes continue, the global market cap value has also receded. The latest data shows that it is estimated to be $933.40 billion.
