Bitcoin, Ethereum, Polkadot and Tron Daily Price Analysis – November 13 Roundup
The negative changes in the performance of the global crypto market have continued. There has been no significant increase in the value of Bitcoin, Ethereum and others in recent hours. The market is in the full clutch of a bearish trend, which affects its overall performance. There is a likely chance that the market will continue to be bearish with occasional bullish changes. The reasons are crystal clear, which include the collapse of big names and sustained losses for stock exchanges.
The payment company Curve has offered BlockFi’s 87,000 credit card customers. A Curve spokesperson has confirmed that they have been in negotiations to acquire BlockFi’s credit card programs since November 12. The credit cards of Curve’s customers have been suspended since 11 November. If the negotiations are successful, the customers will be able to reclaim the use of their cards. Talks are still ongoing with the company Deserve, which operates the BlockFi card program.
The terms are being negotiated between Curve and Deserve, but the sale or partnership is pending due diligence. The spokesperson also noted that Curve is not interested in BlockFi’s assets. Once the acquisition process is successful, the company looks to benefit from the credit card program, noting that customers will still be able to earn crypto rewards.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC lowers to $15.9K
Analysts have said Bitcoin will shrug off FTX’s black swan like it did Mt. Gox. There may be little to worry about when it comes to the collapse of FTX and its impact on Bitcoin. Trading team Stockmoney Lizards has expressed strong confidence in BTC’s resilience. BTC and others saw a significant decline due to the collapse of FTX and Alameda.
The latest changes for Bitcoin show that it has not yet resumed its gains. The latest data shows that it fell 5.14% in the last 24 hours. The weekly performance shows that it has declined by 24.03%.
The price value of BTC is currently in the area of $15,997.30. The market value of Bitcoin is estimated to be $307,256,050,287. The 24-hour trading volume for Bitcoin is approximately $29,334,543,533.
ETH continues to lose
Ethereum’s Vitalik Buterin has made yet another donation to the Dogecoin Foundation. The recognized name in crypto has donated 20 million DOGE to the Dogecoin community. The community has not yet announced how the donated Dogecoin will be used by the non-profit organization.
The value of Ethereum has continued to decline as the market remains recessive. The latest data shows that it has fallen 6.45% in the last 24 hours. The weekly performance shows that it has decreased 25.76%.
The rapid regression has brought the ETH price value to the $1,181.13 area. The market value of this coin is estimated to be $144,539,995,189. The 24 hour trading volume for this coin is approximately $11,548,176,657.
DOT on a losing streak
The value of Polkadot has seen no rise due to the constant downtrend. The latest data shows that it has decreased 5.10% in the last 24 hours. The weekly performance of this coin shows a loss of 20.25%. The price value on DOT is currently in the $5.53 range.
The market cap of Polkadot is estimated to be $6,271,411,777. The 24 hour trading volume for this coin is approximately $258,549,244. The same amount in the original currency is approximately 47,094,499 DOT.
TRX super-bearish
The value of Tron has also continued to remain at its lowest level due to dominant bearishness. The latest data shows that it has gone down 9.02% in a day. The weekly performance shows that it has decreased 9.46%. The price value of TRX is currently in the range of $0.05062.
The market cap of Tron is estimated at $4,667,067,708. The 24-hour trading volume for this coin is approximately $677,888,335. The circulating supply of this coin is approximately 92,206,249,690 TRX.
Final thoughts
The global crypto market continues in losses due to the constant bearish trend. The value of Bitcoin, Ethereum and others has seen no hope of a constant downward move. Events such as the collapse of FTX and Alameda have contributed to the misery. The global market capitalization also continues to decline, as it now stands at $803.89 billion.
