Despite reduced losses, the global crypto market continues to face problems. Changes such as Bitcoin and Ethereum show that the amount of loss has decreased significantly. The strength of their value was the result of a decrease in outflows and an increase in inflows. Investors are in a favorable position as the market continues to move positively. As the market turns bullish, it will further strengthen the market.
FTX is facing a difficult situation and is providing Voyager support. Investors can get a refund of their investment as described in the support program. Sam Bankman-Fried has provided a rescue program for Voyager, which allows customers to withdraw funds from FTX. Voyager is facing a significant decline in capital and cannot pay investors. The suspension of user transactions on July 1 put many users in an uncertain situation.
At the suggestion of Sam Bankman-Fried, Voyager customers will be offered a new FTX account. You can withdraw cash as soon as you open an account with FTX. You can also use these funds for trading on FTX. FTX Trading, West Realm Shire and Alameda Ventures will fund the company.
This is an overview of current market conditions that analyze the performance of Bitcoin, Ethereum, and several other altcoins.
BTC remains inferior
Coinbase has seen a surge in nanobitcoin futures products. Investors continue to fuel the project, which was pushed last week. As the market continues to recover, the value of this project will increase further.
The latest data show that Bitcoin has recently reduced its losses. The latest Bitcoin data shows a 1.97% decrease yesterday. By comparison, weekly performance shows an additional 5.79%.
Bitcoin prices have also fallen and are currently in the $ 22,433.23 range. Bitcoin has an estimated market capitalization of $ 428,509,256,541. Bitcoin’s 24-hour trading volume is approximately $ 24,609,256,211.
ETH stalled by a bear
Ethereum continues to outpace various other coins on the market due to falling prices. The increase in value brings a considerable benefit to it, which seems to outweigh Bitcoin. If growth continues, it could pose a serious threat to Bitcoin’s market power.
Market changes have brought Ethereum profits and reduced losses. The change shows that it shed 0.46% over the last day. Weekly performance shows an increase of 16.17%.
The price of ETH is also improving as it is currently around $ 1,562.47. The market capitalization of this coin is estimated at $ 190,109,142,286. The 24-hour trading volume of this coin is approximately $ 15,301,639,394.
FTT remains red
FTX tokens are still bearish as the influx is not very strong. The latest data on these coins show a 2.73% decrease in the last 24 hours. Weekly performance shows an additional 2.30%. The price of the same coin is in the range of $ 28.61.
Looking at the market capitalization of FTT, it is estimated at $ 3,871,869,205. The 24-hour trading volume of this coin is approximately $ 72,535,877. The same amount in your home currency is about 2,535,630 FTT.
LINK is still on a downtrend
Chainlink is also on a downtrend, as the losses are still significant. According to the latest data, it decreased by 0.23% yesterday. Weekly performance shows an additional 6.04%. The price of this coin is also affected, as it is currently around $ 3,218,928,477.
LINK’s market capitalization is estimated at $ 3,218,928,477. The 24-hour trading volume of this coin is approximately $ 311,506,324. The circulation supply of this coin is about 467,099,971 LINK.
Final idea
The performance of the global crypto market has improved compared to the other day. The amount of loss has decreased significantly. This change improves Bitcoin and Altcoin. This change helped reintegrate the value of global market capitalization. It is currently estimated at $ 1.3 trillion.
