Daily Price Analysis for Bitcoin, Ethereum, FTX Token and Chainlink – Summary of August 21st

The global crypto market has seen a continuation of a positive trend. Recent changes have placed Bitcoin, Ethereum, etc. in a privileged position. Although the wins aren’t that big, there is still continuous improvement. If gains continue, the market will see stability in value. The current attempts are to ensure that the market does not fall back to the previous lows. If the market goes down, it can result in huge losses.

The US has been tough on taking crypto-related hackers and scammers to court. According to available updates, a suspected Russian crypto-money launderer has been extradited to the US. The extradition of the suspect was made by the Department of Justice’s Office of International Affairs. Denis Mihaqlovic Dubnikov was in the Netherlands extradited to stand trial in the District of Oregon.

According to the Justice Department, Dubnikov was indicted by a Portland grand jury last August over his alleged international crypto-laundering conspiracy. According to the press release, Dubnikov and his accomplices were fully aware of their actions and their consequences. They had carried out ransomware attacks worldwide and caused huge financial losses.

Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.

BTC is growing slowly

Bitcoin has fallen below $22,000 as a result of recent negative market moves. The bear market is over, but Bitcoin is struggling to regain its value. While MicroStrategy’s Michael Saylor wants Elon Musk to invest more in Bitcoin. Musk was instrumental in Bitcoin’s previous rise to ATH.

Source: TradingView

The latest data for Bitcoin shows that there have been positive changes. Available data shows it is up 1.04% in the last 24 hours. The weekly data shows a 12.20% loss.

The price value for Bitcoin is in the $21,419.21 range. The market cap value for Bitcoin is estimated at $409,466,632,041. The 24-hour trading volume of this coin is approximately $23,247,288,492.

ETH keeps winning

Ethereum has also taken a hit over the past week as its value plummeted 21%. The fall in value has brought the price below $1.7k. The reason for the fall in market value is not yet known, but it is starting to recover.

Source: TradingView

Ethereum’s value has improved slightly recently. The latest data shows it is up 1.33% in the last 24 hours. The weekly data shows a 17.96% loss.

The change in value has caused the price to surge into the $1,601.81 area. The market cap value for ETH is estimated at $195,375,362,903. The 24-hour trading volume of this coin is approximately $15,896,259,084.

FTT is gaining momentum

FTX Token has also gained momentum as the market remained bullish. The latest data shows a 2.57% gain 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.

Source: TradingView

The market cap value for FTT is estimated at $3,700,731,153. The 24-hour trading volume of this coin is approximately $334,758,872. The same amount in its local currency is about 12,162,461 FTT.

LINK records slight growth

Chainlink has also grown slightly due to the inflow of capital. The latest data shows it is up 1.52% in the last 24 hours. The seven-day data shows it is down 20.08%. The changes show that its price value is in the $7.01 range.

Source: TradingView

The market cap value for LINK is estimated at $3,300,992,432. The 24-hour trading volume of this coin is approximately $277,145,362. The circulating supply of the same token is around 134,454,078 FTT.

Final Thoughts

The global crypto market has continued to appreciate. Recent data shows that they remained bullish adding a significant amount. The previous bearish wave had affected it for a while but has regained momentum. Recent changes show that the value of global market capitalization has also stabilized. The latest data shows that it is currently valued at $1.02 trillion.

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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