Bitcoin, Ethereum, NEM, and Arweave Daily Price Analyses – 5 June Roundup

The global crypto market has continued to grow in value as the gains have improved. The value of Bitcoin, which was fluctuating recently, has begun to stabilize. If we compare the gains for other coins, they have also begun to show a positive trend. The changes in the market suggest a continuing bullish trend. As the changes continue, the market has progressed in a positive direction. The main problem that the market has faced is moving in a specific range, unable to cross the given threshold level.

The developments towards Web3 have continued, and the latest in this regard is a search engine by Humbl Pay. It is a Web3-based engine named Search3 and went live a few hours back. Analysts have named it a new front door to Web3. It can be used for various purposes like searching NFTs, blocks, etc., on Ethereum. While it can also be used on Solana, Polygon, and Gnosis using wallets or contract addresses. It will pave the way for easy access to Web3 services.  

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

BTC trading above $30K

The market has continued to face problems despite growth seen on the part of Bitcoin and others. According to the available updates, 2TM Group, the parent company of Mercando Bitcoin, has continued layoffs. It has laid off 90 workers as the market has faced a cool down due to continuing problems.

The latest data for Bitcoin shows that it has added 3.84% in the last 24 hours. In comparison, the past seven days show the addition of 2.62%. The value of gains has increased, thus leading to improved price value.

The current price value for Bitcoin is in the $30,862.98 range. If we compare the market cap value for Bitcoin, it is estimated to be $588,607,592,956. The 24-hour trading volume for Bitcoin is about $20,086,477,976.

ETH makes gradual progress

Ethereum merge is getting closer, and that has shown some positive signs. According to available updates, its hashrate has surpassed an all-time high. The improvement on the part of hashrate suggests that other indicators might also improve. One of the main problems that Bitcoin faced was reducing hashrate recently.

Ethereum has improved the value of the gain as it has added 4.05% over the last 24 hours. Its performance for the last seven days shows a loss of 0.06%. The increase in gains has led to strengthening value.

The price value for ETH is in the $1,861.27 range. If we compare the market cap value for this coin, it is estimated to be $225,766,055,562. The 24-hour trading volume of this coin is about $10,132,016,402.

XEM is in a rush to make gains

NEM has also benefited from the market gains as it has added 6.67%. The increasing gains for these coins have led to strengthening weekly performance. It has added 6.11% over the last seven days. The price value for this coin is in the $0.05326 range.

If we look at the market cap value for this coin, it is estimated to be $479,301,381. The 24-hour trading volume of the same coin is about $10,617,200. The 24-hour trading volume for this coin in its native currency is about 199,362,658 XEM.

AR moving up

Arweave is also moving towards highs as it has added 7.61% over the last 24 hours. Its performance for the last seven days shows improvement as it has reduced losses to 3.17%. The uptrend has helped raise price value as it is currently about $13.41.

The market cap value for this coin is about $447,733,346. The 24-hour trading volume has also enhanced as it has reached $22,871,842. The circulating supply for this coin is about 33,394,701 AR.

Final Thoughts

The global crypto market has continued to grow in value as the gains have improved. The increase in the value of the market has led to the enhancement of price value for various coins, including Bitcoin. The global market cap value has also enhanced after fluctuations. It is currently estimated to be $1.27T and might continue upward if the gains continue.