Bitcoin, Ethereum, EOS and Maker daily price analysis – July 4 Roundup
The global crypto market has continued to move forward with bullish force. The recent changes brought Bitcoin and Ethereum past the crucial threshold level. As the gains continue, there has been a significant addition to the market. The problem that the market has yet to face is the losses that come just after the bullish wave. The global market value has not been able to change as the fluctuations continue.
India has proven to be one of the largest markets for crypto due to its huge population. According to the available updates, the implementation of a tax of 1% on crypto has given a heavy blow to the market. Trading volumes in the market have fallen drastically as the market has changed. The tax came into force on 1 July, and the stock exchanges have seen a rapid reduction in investments.
India has failed to complete its crypto legislation and has gone for taxation. Various crypto enthusiasts have criticized this policy for being in conflict with crypto. What will be India’s final policy towards this growing market remains to be seen.
Here is a brief overview of the current market situation, which analyzes the performance of Bitcoin, Ethereum and others.
BTC crosses $ 20K
Bitcoin mining has been affected by the changes in the global crypto market. Despite this, there have been continuous investments from companies, and last on the list is Intel. It has sent Blockscale ASIC chips to some Bitcoin mining companies. These are some ultra-low voltage, energy efficient chips.
The latest data for Bitcoin shows that it has increased by 6.01% in the last day. In comparison, the last seven days show a reduction in losses, which is approx. 2.01%. These changes have continued for some time in the market as it has fluctuated.
The price value for Bitcoin is in the range of $ 20,348.39. In comparison, the market value of Bitcoin is estimated at $ 389,143,348,445. The 24-hour trading volume for Bitcoin is around $ 22,410,311,322.
ETH sees a rapid rise
Ethereum mining has been more profitable for miners in recent months. According to the available data, Bitcoin revenues were far more than Ethereum, but the latter has improved significantly. On the other hand, active Ethereum addresses have touched 2020 levels, and some analysts predict the same about price levels.
Ethereum has also seen improvement, adding 7.52% in the last day. The weekly performance has also seen an improvement as it has decreased by 3.30%. It will require more gains to change this value to bullish.
The price value for ETH is in the range of $ 1,149.78. In comparison, the market value of Ethereum is estimated to be $ 140,036,461,316. The 24-hour trading volume for this coin is approximately $ 14,053,996,853.
EOS continues positively
EOS has also had a bullish day, adding 4.74% in the last day. If we compare the weekly performance, the gain for this coin is about 0.39%. These changes have improved the price value which is currently in the range of $ 0.9867.
The market value of EOS is estimated at $ 980,345,406. The 24-hour trading volume for this coin is around $ 150,479,414. The same amount in its original currency is approximately 152,513,346 EOS.
MKR is trying to revive the value
Maker has also tried to revive the value as it has added 5.15% in the last day. In comparison, the losses for the last seven days are about 5.40%. The market fluctuations have brought the price value to the $ 948.49 range.
If we look at the market value, it is estimated at $ 927,276,549. The 24-hour trading volume for this coin is around $ 107,394,153. The circulating supply of this coin remained at ISK 977,631 million.
Last thoughts
The global crypto market has continued to change in value as the upward and backward movement between gains and losses continues. The latest battle is bullishness as the market has added significant value. The performance of Bitcoin and other coins saw a positive change. The global market value has also improved as it is currently around 916.02 billion dollars.
