The global crypto market has surprised analysts and investors. Recent market changes have shown a bearish trend for Bitcoin and others. There was a possibility that the market would lose momentum, but the recent changes have strengthened it further. As the market has maintained its momentum, it has added new gains to investors’ capital. The uptrend seems to be continuing as it is retesting new resistance levels for various coins.
Russia is looking for alternatives after the US sanctions after the attack on Ukraine. In a recent update, the OKX website has been blocked in Russia for an unknown reason. OKX’s business website was not accessible in Russia as updated by Roskomsvoboda, a platform that tracks censored websites. It is not known why this website was blocked and when it will be online.
However, recent changes suggest that Russia is likely to be removed for crypto-related websites. Although jumping to conclusions may not be good, Russia is beginning to understand the impact of cryptocurrencies while the West continues to cripple its economy. Although it is not clear how Russia will escape the sanctions, it has plans to accept Bitcoin and other digital currencies.
Here is a brief overview of the current market situation, analysis of the performance of Bitcoin, Ethereum and others.
Bitcoin resumes gains
McDonald’s is the latest name to add Bitcoin and Tether to its payment options. According to the latest updates, the company has announced that it will accept the two coins in Lugana, Switzerland. It is likely to expand crypto adoption to other regions.
Bitcoin’s recent changes indicate a continuation of the upward trend. The latest data shows that 0.81% has been added to this coin in the last 24 hours. Seven-day data shows that Bitcoin is up 5.17%.
The value of Bitcoin increased and is currently around $20,386.67. Bitcoin market cap is estimated at $390,822,465,184. Bitcoin’s 24-hour trading volume is about $34,561,665,101.
Ethereum is likely to cross $1.4K
Ethereum has seen increased regulatory scrutiny in recent months. The recent changes are related to its transition to Proof of Stake. Various regulatory authorities are still keeping an eye on it, and the question is whether it will succumb to pressure.
The performance of Ethereum has also shown an upward trend. The latest data shows that it has increased by 1.78% in the past day. Weekly data shows an increase of 3.01% for this coin.
Ethereum price value is currently in the range of $1378.70 and is likely to rise. The market value of this coin is estimated at $169,288,290,021. The 24-hour trading volume of this coin is about $10,670,718,638.
MKR is increasing
Maker’s value has also seen a rising tide as a result of the influx of capital. The latest data shows that it has increased by 1.29% in 24 hours. The seven-day data shows an increase of 14.32%. The price of MKR increased to the range of $850.15.
The market cap for Maker is estimated at $831,922,932. The 24-hour trading volume of this coin is about $29,159,547. The same amount in its native currency is about 46,018 MKR.
HNT on the acquisition spree
Helium’s performance has shown a rapid influx of capital. The latest data shows that it has increased by 5.74% in the past day. The seven-day data shows that it continues to grow and added 8.08%. These increases have been accompanied by an increase in value as the price has reached $5.60.
Helium’s market value is estimated at $715,174,509. The 24-hour trading volume of this coin is about 71739198 dollars. The circulating supply of this coin is about 127,664,763 HNT.
Final thoughts
The global crypto market has continued to grow despite minor changes over the past day. The constant changes have brought benefits to Bitcoin, Ethereum and others. As the capital inflow continues, the value of the global market has increased. The latest data shows that it is estimated at 974.52 billion dollars.