TL;DR Breakdown
- The global crypto market continues to be stable during Easter, shedding a mere 0.01% in 24 hours.
- Bitcoin is also in a better position than on other days, depreciating 0.02% in the last 24 hours.
- Ethereum has also been through a better weekend, adding 0.25% in 24 hours.
- Shiba Inu and Cronos enjoy the bullish market, adding 0.30% and 0.22%, respectively.
The global crypto market has saved itself from continuing bearishness as the Easter weekend set in. The changes, especially the negative ones, were controlled as the activity lowered. The market benefited from this situation, adding a little value that it could. While the majority of the coins in the market remained dormant, seeing no significant addition or reduction. As the weekend comes to a close, the market might see the next move of the investors.
The inflation in the US market has come to no reduction, and it might increase in the coming days. The famous author Robert Kiyosaki has warned that inflation might increase in the coming days. The global crypto market, especially Bitcoin, is struggling in the current situation, and the increasing inflation rate might affect it further. Different governments are taking steps to save themselves from problems related to crypto. Brazilian authorities have announced that they will be running the pilot test for CBDCs this year. A representative announced the Central Bank of Brazil.
Here is a brief overview of the current market situation using the performance of Bitcoin, Ethereum, and some other names.
BTC sees no significant change
Bitcoin has seen hard times since the start of this year, and this is the third time in a single year that its mining difficulty issue has arisen. The ratio of halving has increased, and experts predict that about 100K blocks will continue. The uncertain situation has forced American investors to go for Bitcoin as it might help save the value of their capital.
The recent data for Bitcoin shows that it has shed 0.02% over the last 24 hours. It was the result of stability due to Easter that the weekly losses for Bitcoin were reduced to 5.17%. As the losses continue to lower, the price value has continued stably.
The market cap value for Bitcoin is estimated to be $768,649,991,119. The 24-hour trading volume remained almost the same due to undisturbed activity. The current value of it is about $16,636,843,526.
ETH adds a small amount
Ethereum has been relatively better compared to Bitcoin. The current value of this coin is in a growing mood as the investors have not made any big changes to their funds. The recent data for Ethereum shows that it has the dominant trend for bulls.
According to its 24-hours performance, the gains for Ethereum are about 0.25%. It has been working on the value of monthly losses. The change was possible if the bullishness had continued, but it saw lag due to the increasing rate of bearishness. The current value of weekly losses is about 6.03%.
The price value for Ethereum is in the $3,050.24 range. If we compare the value of the market cap, it has improved after the influx of capital, and it is estimated to be $367,074,495,653. If we take a peek at its 24-hour trading volume, it will be $8,514,926,070.
SHIB remains bullish
Shiba Inu has remained bullish during the last few days, and the impacts are evident from the price improvement. The data for the last 24 hours shows that Shiba Inu has gained 0.30%. If we compare the weekly gains, the additional amounts to 5.11%. Though it hasn’t made a breakthrough, it has been able to maintain its value.
The price value for SHIB is in the $0.00002585 range. If we take a peek at its market cap value, it will be $14,195,808,882. In comparison, the 24-hour trading volume also saw improvement as increased investor activity. Its value is about $347,883,847.
CRO changes direction
Cronos has also turned bullish after its value saw a positive turn. The recent data shows that it has gained 0.22% over the last 24 hours. If we look at its seven-day performance, its losses are about 7.50%. The losses might gradually turn to gains if the bullishness continues.
The current price value for Cronos is in the $0.4111 range. The recent bearishness has affected many coins, and the weekly losses tell of how much it has shed in value. The fresh data shows that its market cap value is estimated to be $10,386,781,890. In comparison, the circulating supply for the last 24 hours remained at 25,263,013,692 CRO.
Final Thoughts
The global crypto market is relatively stable as the losses are close to none. In comparison, the gains are also close to negligible. The market might turn bullish or bearish after the market resumes after the weekend. There are few chances of bullishness because of the number of problems it faces. In case it happens, it would attract more funds to the market. The global market cap value has remained close to the $1.88 range.
Source: https://www.cryptopolitan.com/bitcoin-ethereum-shiba-inu-and-cronos-daily-price-analyses-17-april-morning-price-prediction/