The global crypto market faces changes in capital inflows but maintains its profits. According to the latest data, Bitcoin is on a downward trend in capital inflows but has not yet turned bearish. Different coins behave differently, so the rest of the market is uncertain. It remains to be seen how the market will behave in the next few hours.
A senior Ukrainian official shared his thoughts on crypto assets, noting: important. The biggest feature of virtual currency is cross-border transactions, making it convenient for international use. It’s a quick, simple and convenient solution. Its importance was further proved by the continued flow of donations to Ukraine via crypto in the war between Russia and Ukraine.
Alex Bornyakov expressed his views on the use of crypto in this war and how these donations are fruitful. He said he was donating via virtual currency. He also shared Ethereum and Bitcoin addresses that could aid in their war effort.
Here, we analyze the performance of Bitcoin, Ethereum, etc. to give a quick overview of the current market situation.
BTC trading below $24,000
Bitcoin holds levels near $24,000 as profits hold. Recent changes have brought Bitcoin out of the fear zone, but it needs added value. This uptick will help us move closer to the previous highs.
Bitcoin’s latest data shows it has gained 0.08% in the last 24 hours. Weekly data show an addition of 6.43%. This increase helped it maintain its position for quite some time.
Bitcoin price is in the $23,845.68 range. Comparing the market capitalization of Bitcoin, it is estimated at $455,845,514,477. His 24-hour trading volume for Bitcoin is around $27,880,817,794.
ETH Affected By Bearish
The Ethereum merger has proven to bode well for users as the price value has increased significantly. The question facing market analysts is how far Ethereum can go before the final consolidation takes place about it. No one knows for sure, but expect a significant price increase.
Ethereum’s value has been fluctuating over the last 24 hours. According to the latest data, it is down 0.39% in the last 24 hours. Weekly performance shows an addition of 9.47%.
The current price of ETH is in the $1,703.60 range. Comparing the market cap of this coin, it is estimated at $207,442,240,856. His 24-hour trading volume for this coin is around $14,913,005,115.
AR continues to grow
As capital continues to flow in, Arweave’s value has also increased significantly. A 9.70% increase in the last 24 hours. Seven days of data show an addition of 9.79%. The aforementioned price increase has pushed the price to the $15.13 range.
Looking at AR’s market capitalization, it is estimated at $599,997,049. His 24-hour trading volume for this coin is around $78,960,934. The equivalent in local currency is approximately 170,377 AR.
CELO adds gain
Celo remains bullish as the market continues to grow. This increase put him up 4.82% in the last 24 hours. Weekly performance shows an addition of 10.44%. This price increase brings the price to the $1.04 range.
CELO’s market capitalization is estimated at $472,446,832. His 24-hour trading volume for this coin is around $50,036,787. This coin has a circulation of approximately 450,833,963 CELO.
final thoughts
The global crypto market continues to turn a profit. These have helped maintain their value as they have changed very little. The value of major stocks such as Bitcoin has remained largely flat, indicating a balance between outflows and inflows. Maintaining equilibrium has helped keep global market capitalization unchanged. It is currently estimated at $1.1 trillion.
