Bitcoin, Ethereum, Dogecoin, and Litecoin Daily Price Analyses – 22 November Roundup

The global crypto market has been able to change its momentum as it turned bullish. The recent changes for Bitcoin, Ethereum, and others show a significant change. As the market has been able to regain momentum, it has sparked hopes for recovery. The market has faced a lasting wave of losses, depriving it of a significant amount. Though there are chances that it again turns bearish, the resistance has given investors hope in the hard times.

Decentralized exchange Curve’s CRV has faced a decline as its supply has moved to centralized exchanges. Most companies have faced hard times, struggling for survival because of the collapse of FTX. Many users had expected an enhancement in the influx of capital to decentralized exchanges but it didn’t happen. Instead, there is a trend in the flow of funds seen from decentralized exchanges to centralized exchanges. Earlier today, there was a decline of more than 17% in the value of CRV.

The decrease in value due to the recessive trend is translated into increased volatility. The intraday volatility of this coin increased to 54% due to the ongoing situation. Glassnode data shows that the number of tokens held in centralized exchanges increased to 70% which shows a 46% increase over the last day.

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

BTC in gains

Though the market has faced problems, there has been a significant increase in Bitcoin supply last active. The available data shows that it has reached a ten-year high as it is currently about $41 billion. The mentioned figure shows that the long-term accumulation continues despite problems in the market.  

The recent changes show that the value of Bitcoin has seen a considerable increase. The latest data shows that it has added 2.90% over the last 24 hours. The weekly performance of Bitcoin shows a loss of 3.68%.

The price value of BTC is currently in the $16,243.00 range. The market cap value of Bitcoin is estimated to be $312,103,273,675. The 24-hour trading volume of Bitcoin is about $30,071,977,402.

ETH regains momentum

Ethereum investors have lost money at an astonishing speed more than ever. The change was spurred by the FTX hack and subsequent collapse as it had lasting impacts on the market. Furthermore, the hacker holds a significant amount of ETH, which has created fears among investors. 

The performance of Ethereum has also shown a change as a result of recent gains. The latest data shows that it has added 3.21% over the last day. The weekly performance of this coin shows a loss of 9.98%.

The price value of ETH is currently in the $1,134.40 range. The market cap value of this coin is estimated to be $138,821,474,384. The 24-hour trading volume of this coin is about $11,849,411,704.

DOGE grows in value

There has been a considerable change in the value of Dogecoin due to the influx of capital. The latest data shows that it has added 4.99% over the last 24 hours. The weekly performance of this coin shows that it shed 10.40%. The price value of DOGE is currently in the $0.07846 range.

The market cap value of Dogecoin is estimated to be $10,408,693,644. The 24-hour trading volume of this coin is about $542,628,111. The same amount in its native currency is about 6,943,353,602 DOGE.

LTC turns green

The performance of Litecoin has also given investors hope as it turns bullish. The latest data shows that it has added 14.36% over the last day. The seven-day data shows that it has added 19.77% as the capital inflow continues. The price value of LTC is currently in the $70.11 range.

The market cap value of Litecoin is estimated to be $5,025,209,874. The 24-hour trading volume of this coin is about $1,366,539,322. The circulating supply of this coin is about 71,671,631 LTC.

Final Thoughts

The global crypto market has witnessed a positive change in performance. The recent changes for Bitcoin, Ethereum, and others are encouraging. As the market has enhanced its value, the inflow of capital has also increased. The global market cap value has seen moments of respite as it is currently estimated to be $806.54 billion.