Bitcoin, Ethereum, Tron and Avalanche Daily Price Analysis – November 15 Roundup

by James · November 15, 2022

The global crypto market has returned to normal business as it turned bullish. The latest changes for Bitcoin, Ethereum and others show significant change. As the market has been witnessing fluctuations for the past few days, there has been a recessive trend. Now, the consequences of the collapse of FTX and other major events gradually subside, there has been a sigh of relief in the market. The market will have to struggle hard to cope with the ongoing situation as it needs a strong push to improve.

Crypto stablecoin issuer Circle has added Apple Pay support. The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlements. While the crypto businesses will also be able to engage with customers who do not use crypto. Circle, the issuer of US Dollar-pegged stablecoin USDC, had plans to bring crypto and traditional payment systems together. The company made the announcement on November 15, suggesting it could boost sales for crypto-native businesses.

According to Circle, the new addition to the services will help traditional businesses transition to crypto. Apple Pay is available to eligible businesses and claims to have a simple process. In addition, Apple has more than 1.8 billion active devices and Apple Pay is one of the most used digital wallets in the US. The aforementioned company is second on the list to PayPal, which is the leading name.

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

Table of Contents

BTC is gaining momentum

The Bitcoin price is firmly below $17K and there could be a decent increase in value if it crosses this level. The aforementioned coin has made several attempts to regain its value, but has so far been unsuccessful. It could be a decent increase if it manages to cross this level.

BTCUSD 2022 11 16 07 35 34 — Source: TradingView

The latest changes for Bitcoin show a significant increase in its value. The latest data shows that it has increased by 0.90% in the last 24 hours. The weekly performance of Bitcoin shows a loss of 8.26%.

The price value of BTC is currently in the area of $16,881.62. The market value of this coin is estimated to be $324,271,187,183. The 24-hour trading volume for Bitcoin is approximately $35,557,689,933.

ETH turns green

FTX hacker is one of the largest ETH holders according to available information. The hacker who used an exploit to steal funds from the now bankrupt FTX has emerged as the 35th.^th largest owner of Ethereum.

ETHUSDT 2022 11 16 07 36 13 — Source: TradingView

The performance of Ethereum has also shown a positive trend. The latest changes show that it has increased by 0.23% in the last 24 hours. The weekly performance shows that it has declined by 4.87%.

The price value of ETH is currently in the area of $1,261.57. The market value of this coin is estimated to be $154,382,937,137. The 24-hour trading volume for the same coin is approximately $11,340,630,454.

TRX bullish

The value of Tron is likely to increase further as it has seen an increase in gains. The latest data shows that it has increased by 0.08% in the last 24 hours. The weekly performance of this coin shows that it has fallen 13.35%. The price value of TRX is currently in the range of $0.05092.

TRXUSDT 2022 11 16 07 36 35 — Source: TradingView

The market cap of Tron is estimated to be $4,695,112,119. The 24-hour trading volume for this coin is around $434,015,079. The same amount in its original currency is approximately 8,559,765,975 TRX.

AVAX in recovery mode

The Avalanche has also made attempts to regain the value it shed recently. The latest changes show that it has increased by 2.12% in the last 24 hours. The weekly performance of this coin shows a loss of 12.66%. The price value of AVAX is currently in the $13.60 range.

AVAXUSDT 2022 11 16 07 37 56 — Source: TradingView

The market value of Avalanche is estimated to be $4,086,939,802. The 24-hour trading volume for this coin is around $162,124,103. The circulating supply of this coin is approximately 300,539,435 AVAX.

Final thoughts

The global crypto market has witnessed a positive change in value in recent hours. The performance of Bitcoin, Ethereum and others shows gains. As the market has gained traction, there has been a significant increase in investor gains. The recent changes have also benefited the global market cap as it is currently estimated at $848.76 billion.

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.