Bitcoin, Ethereum, Dogecoin and Uniswap Daily Price Analysis – October 10 Roundup

by James · October 10, 2022

The global crypto market has seen a negative change in performance as it continues to lose value. The last few hours saw strong bearishness as the market failed to hold steady. The result was rapid losses for Bitcoin, Ethereum and other coins in the market. The current situation shows that the market is likely to go much lower. The current situation may retest its strength, leading to possible bullishness. Currently, there is uncertainty in the market about the possible future direction.

China has shut down thirteen underground crypto trading apps. Chinese authorities have banned these apps for almost a year. The world’s second largest economy has banned crypto-related transactions, calling them illegal. Chinese regulators took down 23 crypto websites and 440 online accounts involved in promoting crypto. The crash also resulted in the banning of some bank accounts involved in crypto transactions.

Beijing Local Financial Supervision and Administration carried out the action. The Chaoyang District People’s Court released information related to the attack via a social media account. OKX, one of the largest exchanges in China, has also faced a ban as a result of the recent crash.

Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.

Table of Contents

BTC lowers to $18.9K

The difficulty of Bitcoin mining has continued to increase, causing enormous pressure on the miners. The latest changes show that the mining difficulty increased by 13.55%. While fundamental Bitcoin has continued to eat up the market. Furthermore, the outflows from exchanges have put Bitcoin in a difficult situation.

BTCUSD 2022 10 11 07 19 00 — Source: TradingView

The recent changes for Bitcoin show a persistent trend of bearishness. The latest data shows that it has gone down 2.53% in the last 24 hours. The seven-day data shows that Bitcoin has retreated by 2.78%.

The price value for BTC is currently in the area of $18,988.42 and may lower further. The market value of Bitcoin shows that it is estimated at $364,105,847,125. The 24-hour trading volume for Bitcoin is around $28,804,085,341.

ETH is facing strong bearishness

The European Commission plans to study real-time data about DeFi activity on the Ethereum blockchain. The European Union’s executive body showed interest in the study of Ethereum data. Recently, EU parliamentarians have taken some revolutionary steps to facilitate blockchain technology in their bloc.

ETHUSDT 2022 10 11 07 19 20 — Source: TradingView

The market has not been favorable to Ethereum during the recent changes. The latest data shows that it has gone down 4.13% in the last 24 hours. The weekly data shows that it has declined by 3.59%, which has caused a significant loss in value.

The price value of ETH has shown a downward trend, as it is currently in the range of $1,273.03. The market value of this coin is estimated at $156,269,473,712. The 24-hour trading volume for this coin is approximately $9,529,544,834.

DOT scaling lowers

The performance of Polkadot has not been different from the rest of the coins. The latest data shows that it has gone down 5.56% in the last 24 hours. The seven-day data shows that it has declined by 3.18%. These changes have resulted in reducing the price value to the $6.15 range.

DOGEUSDT 2022 10 11 07 19 47 — Source: TradingView

The market cap of DOT is estimated at $6,924,834,997. The 24 hour trading volume for this coin is approximately $205,424,223. The same amount in its original currency is approximately 33,382,566 DOT.

UNI continues to lose

The value of Uniswap has also decreased due to the dominant bearishness. The latest data shows that it has declined by 2.81% in the last 24 hours. The seven-day data shows that it has gone down 3.32%. The ongoing changes have brought the price value to the $6.44 range.

UNIUSDT 2022 10 11 07 20 35 — Source: TradingView

The market value of UNI is estimated at $4,890,682,000. The 24-hour trading volume for this coin is approximately $94,933,330. The circulating supply of this coin is approximately 762,209,327 UNI.

Final thoughts

The global crypto market has fallen significantly due to the negative trend. The market has continued to depreciate due to persistent bearishness. The latest changes for Bitcoin, Ethereum and others show sustained losses. The global market capitalization has also been affected as negative changes persist. The latest data shows that it is estimated at 916.22 billion dollars.

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