Bitcoin, Ethereum, Cronos and Cosmos daily price analysis – July 15 Roundup

by James · July 15, 2022

It has been a new twist in the gains for the global crypto market. The changes for Bitcoin, Ethereum, etc., are clear from reduced gains, while others have become bearish. This change has created difficulties for investors in the market who expected it to take a positive turn. It got better as the last day brought rapid gains. But then investors went for sale, which created difficulties.

Putin has signs of a ban on cryptocurrencies in Russia, mainly due to mixed signals from leaders and regulators. After the draft was signed into law, Russians will not be able to use crypto for payments. Before this important step, there was a debate between the Russian central bank and the government.

The Russian central bank had called for a complete ban on crypto back in January. Although the current law is not so restrictive, it will create difficulties for investors and the market. The current change seems closer to a draft presented by a Russian parliamentarian.

Here is a brief overview of the current market situation, which analyzes the performance of Bitcoin, Ethereum and some altcoins.

Table of Contents

BTC swings at $ 20K

Bitcoin faces mixed signals as it remains in a certain price range. According to US officials, the value of Bitcoin increased as inflation figures were released. While Kazakhstan has also released details of a crypto-taxation policy for miners. It is still one of the best countries in Bitcoin mining.

BTCUSD 2022 07 16 07 40 55 — Source: TradingView

The latest data for Bitcoin shows that it has increased by 0.06% in the last day. If we compare the weekly performance of Bitcoin, it has decreased by 4.27%. The decline in value indicates upcoming bearishness.

The price value for Bitcoin is in the range of $ 20,673.09. If we look at the market value of Bitcoin, it is estimated at $ 394,747,450,637. The 24-hour trading volume for Bitcoin is around $ 25,451,453,184.

ETH sees no major change

Ethereum merger has been one of the most anticipated events for crypto investors. Some developments have been made in this regard as some steps have been completed. In addition, Ethereum developers said at a press conference that the merger is planned for September and will be completed by then.

ETHUSDT 2022 07 16 07 41 19 — Source: TradingView

Ethereum has continued to face problems as profits fell significantly. The latest data for this coin shows that it has increased by 0.55% in the last day. The weekly performance shows a supplement of 0.02%.

These changes have brought the ETH price tag to the $ 1,215.97 range. The market value of this coin is estimated to be $ 147,817,851,807. The 24-hour trading volume for the same coin is approximately $ 16,776,182,480.

CRO becomes bearish

Cronos has stepped into bearishness as the market continues to change its value. The latest data shows that it has fallen 0.11% in the last 24 hours. If we compare the weekly performance, it has decreased by 3.85%. These changes have affected the price value around $ 0.1185.

CROUSDT 2022 07 16 07 41 45 — Source: TradingView

The market value of the CRO is approximately $ 2,989,267,453. The 24-hour trading volume for the same coin is approximately $ 15,722,867. The same amount in its original currency is approximately 132 877 710 CRO.

ATOM is facing difficulties

Cosmos has also faced a bearish market as the market took a turn. These changes have resulted in a loss of 0.87% in the last 24 hours. The weekly performance also shows a loss as it has decreased by 3.17%. The regressive changes have led to a drop in the price value of around $ 8.94.

ATOMUSDT 2022 07 16 07 42 41 — Source: TradingView

The market value of the ATOM has remained recessive as it is estimated at $ 2,560,082,325. The 24-hour trading volume for the same coin is approximately $ 326,884,105. The circulating supply for this coin is approximately 286,370,297 ATOMS.

Last thoughts

The global crypto market has taken a rapid turn towards bearishness. These changes have resulted in the loss of a significant value for various coins. Bitcoin and Ethereum are still green, while others have shown a bearish trend. The global market value has also changed as the value has fallen. The latest data shows that it is estimated at 928.67 billion dollars.

Disclaimer. The information provided is not trade advice. Cryptopolitan.com has no responsibility for investments made based on the information provided on this site. We strongly recommend independent research and / or consultation with a qualified professional before making investment decisions.