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- The market cap of 2000+ Crypto assets had a $220 billion with a global trade volume of about $50 billion.
- BTC which has a market valuation of about $144 of $220 billion, sees a drop in the rates by a 4.7% and ETH by a rate of 5.4% (Sunday).
In a world where the transactions made through the digital assets and cryptocurrency, it is essential to be updated about this asset. So, let us take an overview of the currency, and it’s the latest news for the same.
I’m the recent times, most of the cryptocurrencies have been facing some of the other issues which probably caused due to the approaching month of May.
Almost all digital currencies have continuously been keeping a check on their trendlines and values in the market after the Crypto market lost a $35 billion in just 30 mins when the market cap of $257 billion on September 24.
On October 20, the market cap of 2000+ Crypto assets had a $220 billion with a global trade volume of about $50 billion. Recently, many of the assets have seen a fluctuating rate of their prices ranging from 4% to 8%.
In particular, BTC which has a market valuation of about $144 of $220 billion, sees a drop in the rates by a 4.7% and ETH by a rate of 5.4% (Sunday). Ripple, on the other hand, has seen growth by 4%, making its price of selling by $0.29. This not so stable market has made its traders uncertain regarding the final value it may reach upto.
The next case is that of the BCH, which is by far, the 5th largest market cap having a massive amount of $3.8 billion. Though losing a volume by 4.7% in the last seven days, the asset has a value of $215 per coin and the global trade value has reached a mark of billion.
On a day to day trade basis, the BCH acquires for 55% followed by BTC, ETH, USD and KRW with an acquisition of 20%, 11.6%, 10% and 1% respectively. Earlier in October last year, a transaction for 9999 BTC was seen along with millions of tethers moving between huge wallets.
Many of the whale alerts regarding BTC, ETH, XRP, USDT, EOS, BNB, and XLM, have been found, which resulted in the massive movements of values. This all could be termed under one roof of Whale Movements and Rekt Long Positions. Also, Bitfinex and Bitmex.
Not all people are angry about the decision of investing in the BTC. Some of them also believe that the market of Bitcoin may be varied because of the vast base it has in general. There was a short debate on the BTC’s value and worth when BAKKT, launched it’s token on September 24.
Lastly, when we talk of the fear factor, the Crypto Fear and Greed Index (CFGI) indicated a rate of 11 which considered to be extreme fear by the investors which now has shifted to 37 on the scale.
The news is of the time of September 27 when the analysts surveyed and John Bollinger stated that there was a possibility of a “head-fake.” Thus as we conclude, all we can say is, people should always look out for the indicators and news on the crypto for being updated continuously.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
