The global crypto market has seen a positive change in value as capital inflow continues. The recent changes for Bitcoin and Ethereum show that the market remains bullish. But in contrast, there has been a negative change in some of the following coins in the market. The uncertainty in the market has continued in recent months. The US economy has performed positively as the dollar seeks stability. Therefore, if the stability of the dollar continues, there is a likely chance for the stability of the global crypto market.
The CFTC has said in a statement that over 20% of the cases it has handled this year have been related to crypto. The US SEC and the CFTC are two regulatory bodies that should be the subject of crypto-related activity. The SEC wants nothing less than full control, while the CFTC has almost the same ambitions. The battle could turn in the CFTC’s favor as it has strengthened its case with recent statistics.
According to the statement released by CFTC DOE, there were 82 enforcement actions in 2022. Of those cases, 18 were related to crypto, accounting for more than 20% of the total. Commissioner Rostin Benham explained that these cases show that the CFTC continues to aggressively monitor the new digital economy using all available tools.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.
BTC is slowly gaining
Block has continued its bitcoin mining and wallet hiring spree. The aforementioned company built its Bitcoin mining and wallet team in an ongoing hiring blitz. Jack Dorsey plans to expand the scope of his business by taking advantage of an opportunity others are leaving due to the recessionary market.
Source: TradingView
Recent changes for Bitcoin show continuation of gains. The latest data shows it is up 0.35% in the last 24 hours. The weekly data shows it is up 0.43%.
The price value for BTC is currently in the $19,207.38 range. The market cap value for Bitcoin is estimated at $368,529,060,377. Bitcoin 24-hour trading volume is approximately $15,973,800,493.
ETH still bullish
Ethereum supply is likely to drop from pre-merger levels as more coins are burned than created. Since the merger, there has been a trend of depreciation.
Source: TradingView
Ethereum’s performance shows a positive trend. The latest data shows it is up 1.26% in the last day. The weekly data shows it is up 2.46%.
ETH price value has reached the $1,313.56 area as the trend remains positive. The market cap value for this coin is estimated at $160,745,412,756. The 24-hour trading volume of this coin is approximately $7,243,340,109.
CRO recessive
Cronos’ performance shows a recessionary trend. The latest data shows it is down 0.03% in the last 24 hours. Weekly data for Bitcoin shows it up 1.33% over the past day. The price value for CRO is currently in the $0.1058 range.
Source: TradingView
The market cap value for Cronos is estimated at $2,671,915,100. The 24-hour trading volume of this coin is approximately $22,676,960. The same amount in its local currency is about 214,411,134 CRO.
QNT losses
Quant’s value has also fallen as the market has remained unfavorable for Quant. The latest data shows that it has lost 6.79% in the last day. The weekly data shows it is down 5.31%. The price value for QNT is currently in the $175.46 range.
Source: TradingView
The market cap value for Quant is estimated at $2,118,241,683. The 24-hour trading volume of this coin is approximately $116,948,806. The circulation supply of this coin is about 12,072,738 QNT.
Final Thoughts
The global crypto market has performed positively over the last day. Recent changes for Bitcoin, Ethereum, etc. show an uptrend while some coins have remained recessionary. Since the market developed positively overall, there was an increase in value. The value of the global market capitalization has increased slightly as it is currently valued at $924.29 billion.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not liable for any investments made based on the information provided on this page. We strongly recommend independent research and/or advice from a qualified professional before making any investment decisions.
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