منو سایت

  • خانه
  • Bitcoin
  • Daily price analysis of Bitcoin, Ethereum, Kronos and Stellar – July 8 roundup

Daily price analysis of Bitcoin, Ethereum, Kronos and Stellar – July 8 roundup

 تاریخ انتشار :
/
  Bitcoin

The global crypto market has continued to fluctuate and the recent move is bearish. The latest data shows that Bitcoin, Ethereum and other major names are facing problems. These changes were expected as the market has been witnessing an alternating pattern of losses and gains for a long time. The only difference this time was that the uptrend lasted longer than usual. The market may continue in the same way in the coming days.

Elon Musk has officially terminated Twitter’s contract, while Twitter has threatened to sue. Twitter and Musk have reached a $44 billion deal as the deal between the Tesla boss and the social media giant is finalized. This change is seen as a positive development by cryptocurrency enthusiasts due to the opportunities it creates for crypto. By canceling the transaction, it may cause problems for cryptocurrency enthusiasts.

Tesla CEO Elon Musk has been instrumental in the promotion of cryptocurrencies and has been instrumental in backing various digital assets. Bitcoin surged when Tesla began accepting it for merchandise and other purchases.

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

BTC continues to fluctuate

Bitcoin has seen consistent fluctuations in value over the past few months. These changes have resulted in its inability to cross $22,000. This change has led analysts to believe Peter Brandt’s analysis of Bitcoin’s performance in the coming months. There has been some debate about the exact value of Bitcoin, but some have proven to be close estimates.

BTCUSD 2022 07 09 07 50 29
Source: TradingView

The latest data for Bitcoin shows that it is down 1.94% in the past day. In comparison, the past seven days’ performance shows an additional 12.53%. These changes have led to a slight decrease in the value of Bitcoin.

Bitcoin price value is currently around $21,559.33. Bitcoin market cap is estimated at $411,981,720,410. Bitcoin’s 24-hour trading volume is about $51,085,396,676.

ETH in negative mode

Ethereum has performed much better than other months as it has remained stable. According to market analysts, the downward pressure on the coin may ease in the short term, but the question is about its resilience in the long term.

ETHUSDT 2022 07 09 07 51 04
Source: TradingView

Ethereum changes show that its value has decreased by 2.57% in the last 24 hours. If we compare the performance of this coin in the last seven days, it has increased by 16.01%. The second value is still strong compared to other times.

The price of ETH is in the range of $1215.73 and may be lower. The market cap for the same coin is estimated at $147,674,086,994. The 24-hour trading volume of this coin is about $15,569,672,242.

CROs are facing tough times

Cronos has also faced difficult times due to the bear market. These changes have resulted in a loss of 1.19% on the previous day. In comparison, the past seven days’ performance shows an additional 9.62%. The price value for the same coin is around $0.1232.

CROUSDT 2022 07 09 07 51 31
Source: TradingView

The market cap for CRO is estimated at $3,111,940,323. The 24-hour trading volume of this coin is about $25,234,195. The same amount in its native currency is about 204,853,482 CRO.

XLM changes to a bearish pattern

Stellar also continues to face downside as the market continues to decline. These changes have resulted in a loss of 3.01% on the previous day. The performance of the same coin shows an increase of 6.27% in the last seven days. The mentioned changes have brought its price value to the range of $0.1126.

XLMUSDT 2022 07 09 07 54 00
Source: TradingView

If we compare the XLM market cap, it is estimated at $2,826,756,406. The 24-hour trading volume of this coin is about $172,424,199. The circulating supply for this coin is about 25,076,251,503 XLM.

Final thoughts

The global crypto market has continued to change because there has been no stability. This change has resulted in a significant loss of value in the last 24 hours. The value of Bitcoin, Ethereum and others fluctuated slightly. The global market cap has also seen minor changes as it is currently estimated at $953.72 billion.