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  • Daily price analysis of Bitcoin, Ethereum, Nexo and Dash – September 19 roundup

Daily price analysis of Bitcoin, Ethereum, Nexo and Dash – September 19 roundup

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  Bitcoin

The global crypto market took a positive turn as events turned favourable. Recent changes in the market indicate that Bitcoin and Ethereum have improved significantly. Also, the value of other coins has also had a positive growth. As these changes continue, the market value is likely to increase. The negative trend in the market has been going on for some time. If the positive trend continues, investors are likely to benefit from the bullish situation.

The US Treasury Department has asked the public to comment on curbing cryptocurrency-related crime. The body solicited feedback to provide perspective on its approach to drafting the cryptocurrency regulatory bill pursuant to the executive order. They have asked the public about illegal transactions that take place through cryptocurrencies and how the regulator can work to reduce these risks.

President Biden issued an executive order in March 2022 requiring all relevant federal agencies to draft cryptocurrency regulations. Key issues to be addressed in these regulations include consumer protection, reducing illicit financing, and enhancing US leadership in the global financial system. The Treasury Department said it has been working with various government agencies to curtail illegal activities conducted through cryptocurrency.

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

Bitcoin 19 thousand dollars

Chain analyst Willy Wu has claimed that Bitcoin is being suppressed by a political agenda. The value of Bitcoin has decreased significantly since March 2022. Despite several attempts to restore value, there has been little positive change.

BTCUSD 2022 09 20 06 57 00
Source: TradingView

Recent changes for Bitcoin indicate minor positive changes. The latest data shows that it has fallen 0.01% in the last 24 hours. In comparison, data from the past seven days shows that Bitcoin has fallen 12.46%.

Bitcoin price is currently in the range of $19,464.03. Bitcoin market cap is estimated at $372,489,312,470. The 24-hour trading volume of this coin is about $40,514,247,393.

ETH gains momentum again

The Ethereum integration has been successfully completed, but there has been no significant change in the market as expected by users. Vitalik Buterin has some ideas about what Ethereum Layer-3 will look like. He believes that aggregators don’t scale Ethereum effectively, and that’s why he’s come up with other ideas.

ETHUSDT 2022 09 20 06 57 21
Source: TradingView

Ethereum’s performance has also shown encouraging results. The latest data shows that it has increased by 1.61% in the last 24 hours. In comparison, the loss of the last seven days is about 19.48%.

ETH price value is currently in the range of $1364.57. The market value of this coin is estimated at $166,952,031,602. The 24-hour trading volume of this coin is about $18,457,189,988.

NEXO rebounds

Nexo’s performance shows that it has made a comeback after recent losses. The latest data shows that it has increased by 1.68% in the last 24 hours. The weekly data of this coin shows that it has decreased by 6.42%. NEXO price value is currently in the range of $0.8964.

NEXOUSDT 2022 09 20 06 58 09
Source: TradingView

Nexo’s market cap is estimated at $501,965,862. The 24-hour trading volume of this coin is about $8,713,819. The same amount in its native currency is about 9721257 NEXO.

DASH is trying to stay bullish

The value of Dash has also improved due to increased profits. The latest data shows that it has increased by 0.59% in the last 24 hours. In comparison, last week’s loss is around 11.35%. DASH price value is currently in the range of $40.77.

DASHUSDT 2022 09 20 06 59 06
Source: TradingView

The market cap for Dash is estimated at $445,169,620. The 24-hour trading volume of this coin is about $79,787,844. The circulating supply of this coin is about 10,918,429 DASH.

Final thoughts

The global crypto market has seen positive changes due to the influx of capital. The said changes have boosted the value of Bitcoin, Binance Coin and others. The result of these changes is the hope that can be seen among investors. The global market value has also increased. The latest data shows an estimated $938.48 billion.