Global crypto market performance showed optimistic results as profits continued to flow in. Recent changes in the market show that the market continues to grow in value. Bitcoin, Ethereum and other changes show that the market will continue. If the ongoing changes continue, the market could see sustained gains. The market’s bearish wave has ended, but a strong and sustained wave of gains is needed.
Coinbase is currently fighting the SEC for privacy available to users. Whirlwind Cash has been shut down by the SEC, and the next target could be these exchanges. Coinbase announced on September 8 that it was suing the US Treasury Department. Six people brought the lawsuit, which challenges the restrictions on Tornado Cash.
On September 9, Gary Gensler said he is working closely with Congress to create legislation to regulate cryptocurrency. Although these stories are not directly related, they show how proactive governments are about decentralized finance (DeFi). Tornado Cash was sanctioned again by OFAC in August 2022. The regulatory authority accused him of laundering more than $7 billion.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC stuck at $20K
Macroeconomist Luke Gromen said Bitcoin could benefit the US by creating an economic boom. He said that America is in a position to benefit from this situation. Various countries have ignored the benefits that Bitcoin can bring to their regional markets because of the financial ease it can create.
Recent changes for Bitcoin show a continuation of gains. The latest data shows that it has added 0.25% in the last 24 hours. In comparison, weekly data for Bitcoin shows a 7.33% reduction in value.
The price value of BTC is currently in the range of $20,020.33. Its market cap value is estimated at $383,461,366,105. Bitcoin’s 24-hour trading volume is approximately $24,183,181,553.
ETH is trying to regain momentum
Some analysts have called the Ethereum merger a ‘sell-news-event’. Due to increased vulnerability to market fluctuations and no significant changes. ETH has continued to dip in value since the merger and it’s dark at the end of the tunnel.
Ethereum’s value has fluctuated since the merger. The latest data for this coin shows that it has added 0.84% in the last 24 hours. In comparison, the weekly figure shows a spill of 17.51%.
The price value of ETH has also been affected as it is currently around $1,455.46. The market cap value of this coin is around $177,953,474,063. The 24-hour trading volume of this coin is around $10,421,637,983.
HBAR at a loss
Khadhara Hashgraph also showed a negative trend. Recent changes of this coin show that it shed 0.70% in last 24 hours. The weekly data of this coin shows a decrease of 4.04%. The price value of HBAR is currently in the range of $0.06144.
The market cap value of Hedera Hashgraph is estimated at $1,409,728,739. The 24-hour trading volume of this coin is around $33,739,942. The same amount in its local currency is about 549,711,896 HBAR.
CHZ rises to the sky
Chiliz is in a bullish mood as it has gained 5.41% in last 24 hours. Weekly figures show that it gained 12.17%. The price value for CHZ is estimated at $0.2246.
The market cap value of Chiliz is estimated at $1,347,941,662. The 24-hour trading volume of this coin is around $431,995,420. The circulation of this coin is about 6,000,386,953 CHZ.
The global crypto market has seen a change in its performance. Recent data shows that Bitcoin, Ethereum and others have shown a positive pattern. As the market is gaining value, there has been a significant change. Global market cap value also showed improvement. The latest data shows that it is estimated at $972.73 billion.