Bitcoin, Ethereum, Kava and Casper Daily Price Analysis – October 29 Roundup

by James · October 29, 2022

The global crypto market has witnessed a positive trend in recent hours. The performance of Bitcoin, Ethereum and others shows the continuation of the capital infusion. As the influx continues, the strength of the market has grown considerably. The positive change was expected for some time and has started to happen, which provides a recurring pattern. The growth in the market’s value has led to renewed confidence in the market. If the current pattern continues, the market is likely to grow significantly.

The newly created dynamic between Twitter, Binance and DOGE is likely to give the market another boost. Binance stated its plan to form an internal team that will leverage blockchain technology and help Twitter develop upgrades. The aforementioned team will also look into the bot issue on Twitter. Binance has developed a vested interest in Twitter as it has invested around $500 million in the platform. As of October 29, Binance has announced the formation of a team to collaborate with Twitter.

The team has plans to bring on-chain solutions to the bot problem. The bot issue also became a bone of contention for the much-publicized deal when Musk tried to scrap it. The social media platform has also partnered with Rarible, Magic Eden, Dapper Labs and Jump.trade. These NFT marketplaces will help Twitter integrate NFTs called NFT Tweet Tiles.

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

Table of Contents

BTC remains green

Costa Rica is considering tax exemptions for Bitcoin transactions. Costa Rican lawmakers are working to make the country a Bitcoin-friendly nation and have proposed significantly reducing taxes on Bitcoin.

BTCUSD 2022 10 30 08 12 50 — Source: TradingView

The latest changes for Bitcoin show the continuation of positive changes. The latest data shows that it has increased by 0.30% in the last 24 hours. The weekly data shows an addition of 8.18%.

The price value for BTC is currently in the area of $20,782.03. The market value of Bitcoin is estimated at $398,713,374,732. The 24-hour trading volume for Bitcoin is around $40,081,848,476.

ETH on the way up

The Ethereum censorship debate has heated up as the censorship block reaches 65%. Gnosis safe founder Martin Kopplemann took to Twitter to discuss the importance of reviewing the state of censorship. It is a question of whether it is a fud or has a simple solution.

ETHUSDT 2022 10 30 08 13 11 — Source: TradingView

The performance of Ethereum has also shown a positive trend. The latest data shows that it has increased by 3.03% in the last 24 hours. The weekly data shows that it has grown 23.26%, which shows a tremendous pace.

The price value of ETH is currently in the area of $1,617.95. The market value of this coin is estimated to be $197,994,985,140. The 24-hour trading volume for this coin is approximately $21,293,115,110.

KAVA swinging

The performance of Kava has also shown a positive trend. The latest data shows that it has increased by 0.18% in the last 24 hours. The weekly data shows an addition of 4.44%. The positive trend has raised KAVA’s price value to the $1.51 range.

KAVAUSDT 2022 10 30 08 14 00 — Source: TradingView

The market value of Kava is estimated at $461,145,732. The 24-hour trading volume for this coin is around $15,757,486. The same amount in its native currency is approximately $10,478,513 KAVA.

CSPR recessive

The value of Casper has decreased due to the transfer of capital. The latest data shows that it has gone down 3.89% in the last 24 hours. The weekly data shows that it has decreased 7.97%. The price value for CSPR is currently in the range of $0.04052.

CSPRUSDT 2022 10 30 08 15 18 — Source: TradingView

The market value of Casper is estimated at $423,633,308. The 24-hour trading volume for this coin is approximately $20,562,398. The circulating supply of the same coin is approximately 10,470,701,848 CSPR.

Final thoughts

The global crypto market has seen a boost in performance due to the continued influx of capital. The ongoing changes have strengthened the market as it needed incoming capital. The strengthening capital has brought gains to investors who have been in difficult times for some time. The global market value has also grown considerably. The latest data shows that it is estimated at 1.02 trillion 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.