The global crypto market has seen positive changes in value as it has added significant gains. Recent changes show that Bitcoin, Ethereum and others are bullish. The market has been facing fluctuations during the last few days due to the uncertainty of the market. Investors have also felt uncertain about profits as the market has not shown a continuing pattern. The market is still facing tough times due to endless challenges. Although the current situation is optimistic, it must continue.
Singapore police have warned investors against FTX phishing scams. FTX has about an $8 billion hole in its balance sheet while investors are eager to get their money back. Phishing scammers have taken advantage of this situation as they plan to trick users into committing fraud. According to information from the Singapore Police, various fake websites have appeared that claim to help investors recover investors’ funds.
Singapore police issued a warning on November 19 about a website it claims is hosted by the US Department of Justice. The website requires users to log in with their credentials. The website was not identified but claims that users can withdraw funds. Police said the website was set up to trick unsuspecting users into sharing their private information.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.
Bitcoin is on the rise
Bitcoin difficulty is likely to moderate over the weekend as miners have given up. The current pattern suggests that Bitcoin has formed a bearish chart pattern, but this is likely to change. November was a tough month for the coin as it failed to gain the desired momentum.
Recent changes in Bitcoin show a positive trend. The latest data shows that it has increased by 0.58% in the previous day. Bitcoin’s weekly performance shows a decrease of 1.06%.
The bullish changes have increased the value of the Bitcoin price to the range of $16,697.97. Bitcoin market cap is estimated at $320,800,038,091. The 24-hour trading volume of Bitcoin is about $16,167,920,807.
Ethereum is gaining momentum
Binance’s CZ and Ethereum’s Vitalik Butrin agree on a new idea as BNB remains stagnant. The two giants agreed on new ideas that would help prevent events like the collapse of major exchanges. The recent fall of FTX has had significant effects on the entire market.
Ethereum’s performance has also increased on the upside. The latest data shows that it has increased by 1.23% in the past day. The weekly performance of this coin shows a drop of 3.48%.
ETH price value is currently in the range of $1219.36. The market value of this coin is estimated at $149,218,105,827. The 24-hour trading volume of this coin is about $6,069,478,604.
XCN is still defeated
The value of the chain has continued to decline due to downward traction. The latest data shows that it has fallen by 7.54% in the past day. The weekly performance of this coin shows an increase of 1.67%. The price value of XCN is currently in the range of $0.04869.
Chain’s market cap is estimated at $1,045,548,191. The 24-hour trading volume of this coin is about $25,118,452. The same amount in its native currency is about 516,565,179 XCN.
Super bullish APE
ApeCoin remains extremely bullish as it continues to absorb profits. The latest data shows that it has increased by 7.24% in the last 24 hours. The seven-day performance of this coin shows more gains with an increase of 9.49%. APE price value is currently in the range of $3.29.
The market cap of ApeCoin is estimated at $1,008,309,562. The 24-hour trading volume of this coin is about $135,049,564. The circulating supply of this coin is about 306,875,000 APE.
Final thoughts
The global digital currency market has seen a change in performance over the past day. The value of Bitcoin, Ethereum and others has increased significantly. Recent changes have brought gains to the market, which in turn have benefited investors. The constant changes have also helped to increase the value of the global market. The latest data shows that it is estimated at about 835.99 billion dollars.