The global crypto market continues to move forward with bullish momentum. With recent changes, Bitcoin and Ethereum have exceeded important threshold levels. As profits continue, considerable value has been added to the market. The problem that the market continues to face is the loss that comes immediately after the bullish wave. Global market capitalization has not changed as fluctuations continue.
India has a very large population and has proven to be one of the major markets for cryptocurrencies. According to the updates available, implementing a 1% tax on cryptography has hit the market hard. Due to changes in the market, the volume of market transactions has decreased significantly. The tax came into force on July 1st, and investment on the exchange is declining rapidly.
India was unable to complete the cryptography and went to tax. Various crypto enthusiasts have criticized this policy as being in conflict with crypto. India’s final policy for this growing market is not yet known.
Here, we will analyze the performance of Bitcoin, Ethereum, etc. and give an overview of the current market conditions.
BTC exceeds $ 20,000
Bitcoin mining is affected by changes in the global crypto market. Nonetheless, there is ongoing investment from companies and the latest on the list is Intel. We ship Blockscale ASIC chips to some Bitcoin mining companies. These are some ultra-low voltage, energy efficient chips.
The latest Bitcoin data shows that it has added 6.01% from yesterday. By comparison, the last 7 days have shown a loss reduction of approximately 2.01%. These changes have been fluctuating and have been going on in the market for some time.
Bitcoin prices range from $ 20,348.39. By comparison, Bitcoin’s market capitalization is estimated at $ 389,143,348,445. Bitcoin’s 24-hour trading volume is approximately $ 22,410,311,322.
ETH seeing a rapid rise
Ethereum mining has become more profitable for miners in recent months. According to the data available, Bitcoin’s revenue was well above Ethereum, but Ethereum has improved significantly. Meanwhile, Ethereum’s active addresses have reached 2020 levels, and some analysts predict the same for their price levels.
Ethereum also improved, up 7.52% from the previous day. Weekly performance also dropped by 3.30%, showing improvements. More profit is needed to change this value bullishly.
ETH prices range from $ 1,149.78. By comparison, Ethereum’s market capitalization is estimated at $ 140,036,461,316. The 24-hour trading volume of this coin is approximately $ 14,053,996,853.
EOS remains bullish
EOS is also on a bullish day, up 4.74% from the previous day. Comparing the weekly performance, the gain of this coin is about 0.39%. These changes have improved pricing, which is currently in the $ 0.9867 range.
The market capitalization of EOS is estimated at $ 980,345,406. The 24-hour trading volume of this coin is approximately $ 150,479,414. The same amount in your home currency is about 152,513,346 EOS.
MKR trying to revive value
Maker also tried to regain its value by adding 5.15% the day before. By comparison, the loss over the last 7 days is about 5.40%. Due to market volatility, prices were in the $ 948.49 range.
Looking at the market capitalization, it is estimated at $ 927,276,549. The 24-hour trading volume of this coin is approximately $ 107,394,153. The circulating supply of this coin remained at 977,631 MKR.
The global crypto market is constantly changing in value, moving between profits and losses. The latest match is a bullish match as the market has added considerable value. The performance of Bitcoin and other coins has seen positive changes. With a current market capitalization of approximately $ 916,020 million, the global market capitalization is also improving.