Bitcoin, Ethereum, Helium, and Neo Daily Price Analyses – 17 October Roundup

The global crypto market has seen a change in performance as it has added a significant amount. The recent data for Bitcoin, Ethereum, and others show continuing growth. As the market has remained bullish for a while, there is an enhancement in value seen. As the market is likely to improve further in the upcoming hours, investors will see a rise in their capital. The uncertainty in the market and continuing fluctuations have been the reason the investors have remained reluctant.

Aussie regulator has halted 3 crypto funds belonging to Holon Investments. The available details show that ASIC has issued a stop order on three funds belonging to the Sydney-based group. According to the press release shared, these funds include those linked to Bitcoin, Ethereum, and Filecoin. The halt in offering these funds is the inability of the firm to meet non-compliant target market determinations.

The regulator also said that the embargo is temporary and will remain for 21 days. The embargo is based on the extreme volatility of the three coins and their popularity amongst investors. The service provider would have to stop issuing interests, giving product disclosure statements, and giving retail clients general advice. The order will remain valid for 21 days until it is revoked earlier.   

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

BTC reaches $19.5K

Kanye West was seen wearing a Satoshi Nakamoto cap, and fans are wondering whether he is a secret Bitcoiner. One of the most controversial persons has appeared with a Bitcoin cap, and there is a chance that the fashion mogul will disclose his interest/investments in Bitcoin.

The recent changes for Bitcoin show a continuation of the positive trend. The latest data shows it has added 1.65% over the last 24 hours. The weekly data shows that Bitcoin has added 2.80%.

The boost in performance has resulted in the hike of BTC price to the $19,537.38 range. The market cap value for Bitcoin is estimated to be $374,994,528,251. The 24-hour trading volume of Bitcoin is about $27,585,521,683.

ETH continues to rise

Ethereum co-founder Joe Lubin has said that today’s metaverse is like the internet circa 1994. He reiterated that masses are coming, and the metaverse will see its rise. He also said that augmented and virtual experiences will redefine daily life despite the problems faced today.

The performance of Ethereum also saw a considerable improvement as it continued to be bullish. The latest data shows that it has added 2.23% in a day. The weekly performance shows addition of 4.46%.

The ongoing changes have brought ETH’s price value to the $1,332.30 range. The market cap value for this coin is estimated to be $163,165,501,781. The 24-hour trading volume of this coin is about $9,520,646,175.

HNT recovering

The value of Helium has also seen a rise due to the bullish trend. The latest data shows it added 0.75% over the last 24 hours. The weekly data shows that it has added 5.76%. The continuation of the positive trend has resulted in the rise of price value for HNT to the $4.57 range.

The market cap value for Helium is estimated to be $590,533,219. The 24-hour trading volume of this coin is about $3,808,853. The same amount in its native currency is about 829,422 HNT.

NEO bullish

The positive trend has kept NEO growing in its value as the bullish trend continues. The latest data shows it added 2.11% over the last 24 hours. The weekly performance of this coin shows a loss of 0.30%. The price value for NEO is currently in the $8.01 range.

The market cap value for Neo is estimated to be $564,909,309. The 24-hour trading volume of this coin is about $21,614,859. The circulating supply of this coin is about 70,538,831 NEO.

Final Thoughts

The global crypto market has seen a considerable change in performance due to the bullish trend. The recent changes for Bitcoin, Ethereum, and others show an enhanced influx of capital. As the current trend continues, the global market cap value has also risen in value. The latest data shows that it is estimated to be $935.59 billion.