Bitcoin, Ethereum, Filecoin and EOS Daily Price Analysis – July 28 Roundup
There has been tremendous growth in the global crypto market seen. The rise in gains for Bitcoin, Ethereum and others has proven to be a good sign. It has brought them gains and a significant increase in their value. The first two scale new heights and try to cross the previous barriers. As the market has turned away from the effects of bearishness, it is expected to maintain the momentum.
South Korean prosecutors have completed the raids and seizures regarding the evidence required in the Terra collapse. The fate of Do Kwon remains uncertain while he remains under observation by South Korean authorities. According to local media, Yonhap news, the search and seizure operation was completed in a week. Authorities were able to make unique findings regarding the case.
According to the official information, the raid was carried out on 15 different trading platforms and organizations that had connections with Terraform Labs. The report says prosecutors were focused on getting as much data as possible. According to analysts, the amount of data was huge and therefore it took a week to complete the operation.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and other altcoins.
BTC near $24K
Bitcoin has continued to gain strength as it has maintained its gains. The latest changes show that it has received additional traction. According to analysts, the next target appears to be $25K, which does not seem far if it maintains gains.
The latest data for Bitcoin shows that it has added 3.15% in a single day. In comparison, seven-day data shows it has increased by 3.94%. The increasing trend of gains has reinforced it.
The price value for Bitcoin is in the area of $23,860.01. If we compare the market value of Bitcoin, it is estimated at $455,878,078,132. The 24-hour trading volume for Bitcoin is around $38,989,806,799.
ETH is trading above $1.7K
Some of the cities in the United States have continued to provide unending support to crypto expansion plans. One of these is Miami, whose mayor Francis Suarez has continued his love affair with Web3. According to available updates, the City of Miami will launch 5,000 Ethereum NFTs with Time, Mastercard and Salesforce.
The value of Ethereum has also seen a huge increase. The latest data shows that it has increased by 4.36% in the last 24 hours. The weekly data shows an addition of 10.21%. If this addition continues, it will take Ethereum to new heights.
The current price value of ETH is in the range of $1,721.48. If we compare the market value of this coin, it is estimated at $209,566,978,147. The 24-hour trading volume for this coin is approximately $26,716,545,516.
FIL tries new heights
Filecoin has also benefited from the influx of capital as it has grown in value. The latest data shows that it has increased by 6.21% in the last 24 hours. The weekly performance shows an addition of 6.72%. The increase in gains has brought the price value to the $5.99 range.
The market cap of FIL is estimated at $1,467,669,939. The 24 hour trading volume for this coin is approximately $293,772,032. The same amount in its original currency is approximately 49,075,972 FIL.
EOS continues to rise
The value of EOS has seen a continued increase as the influx continues. The latest data shows a 2.95% increase in 24 hours. The weekly data shows an addition of 24.44%. The price value for this coin is in the range of $1.30.
If we look at the EOS market cap, it is estimated at $1,293,545,619. The 24-hour trading volume for this coin is approximately $431,356,223. The circulating supply of this coin is approximately 995,667,423 EOS.
Final thoughts
The global crypto market has seen a tremendous increase in value. These changes have increased the price value of Bitcoin, Ethereum and others. They can move past the previous resistance levels if they keep the momentum. The global market value has increased significantly. It is currently estimated at $1.10 trillion.
