Bitcoin, Ethereum, ApeCoin and Hedera Hashgraph Daily Price Analyzes – July 16 Roundup
The changes in the global crypto market are positive as investors have pushed it hard enough. These changes have helped Bitcoin and altcoins regain value as there is a dominant trend of gains. The increase in the value of gains has helped to revive the declining coins, and thus benefited the investor. Sellers’ confidence decreases as sales are reduced, which allows for an increase in the influx.
Bankruptcy has been one of the most important gifts to the ongoing bearish market. Various crypto companies have filed for bankruptcy. One of these is Voyager, which could not stand the pressure and gave up. According to the available updates, Voyager has asked the court to respect the withdrawal of customer funds. It is a crypto-lending and brokerage platform with funds in the city’s commercial bank.
According to official data, Voyager must comply with withdrawal requests worth $ 350 million. It filed for bankruptcy last week because it could not continue despite rescue operations. According to the claims, it has a value of 1.3 billion dollars of crypto assets on the platform. While it also claims that the Three Arrows capital owes its funds of over $ 650 million.
Here is a brief overview of the current market situation, which analyzes the performance of Bitcoin, Ethereum and other altcoins.
BTC increases in strength
Bitcoin saw a rapid revival just after the market became bearish. This change is seen as the indicator of the imminent help meeting. According to analyst Nicholas Merten, sellers continue to lose confidence, which will provide Bitcoin benefits despite the uncertain market.
The latest data for Bitcoin shows that it has increased by 2.12% in the last day. If we compare the weekly performance of Bitcoin, it has reduced its losses to 1.44%. These changes have resulted in an improvement in Bitcoin value.
The price value for Bitcoin is in the range of $ 21,139.53 when it saw a boost. The market value of Bitcoin is estimated to be $ 403,849,871.201. The 24-hour trading volume for the same coin is approximately $ 24,836,065,862.
ETH sees lift
The news of the Ethereum merger has proved to be a good sign for it, as it saw a rapid increase in value. The first hours brought it over 12% when the management announced a tentative date for the merger, with reference to the ongoing development. Tim Beiko has announced September 19 as the preliminary date for the long-awaited merger.
The value of Ethereum is also improving as gains continue. The latest data shows that it has increased by 9.77% in the last day. If we compare the weekly performance, it has increased by 10.13%.
The price value for ETH has also increased as it is currently around $ 1,336.81. If we look at the market value, it is estimated at $ 162,599,000,168. The 24-hour trading volume for the same coin is approximately $ 19,029,488,016.
APE reverses losses
ApeCoin is also seeing an increase in value as the market becomes bullish. The latest data show that it has increased by 2.69% in the last 24 hours. In comparison, seven-day data show that the losses are approximately 6.47%. These changes have improved the price value to around $ 4.67.
The market value of the same coin is estimated at $ 1,397,494,674. The 24-hour trading volume for the same coin is approximately $ 287,324,450. The same amount in its original currency is approximately 61 583 528 APE.
HBAR in a good mood
Hedera is also moving at a rapid pace as it has added significant gains. The latest data show that it has increased by 1.64% in the last 24 hours. The weekly performance shows that it has decreased by 3.06%. The price value of the same coin is about $ 0.06554.
The market value of HBAR is estimated at $ 1,381,939,556. The 24-hour trading volume for the same coin is around $ 16,664,644. The circulating supply of this coin remained at 21,084,776,584 HBAR.
Last thoughts
The global crypto market is improving as the bullish flow strengthens. The aforementioned change has helped Bitcoin and altcoins regain strength. According to analysts, the current wave of bullishness may push the market forward. If these changes continue, they will also increase the global market value. The current global market value is estimated at 961.76 billion dollars.
