Bitcoin, Ethereum, eCash and Huobi Token Daily Price Analysis – October 7 Roundup

The performance of the global crypto market has continued to show a negative trend. The decline in the value of Bitcoin, Binance Coin and others has continued. The regression for these coins and others has been downward pressure. Various coins could not retain their value because the market has faced continued bearishness. As the negative trend continues, there is a likely chance that the market will lower its value. Bearishness in the market looks set to continue for some time.

Google must require regulatory approval to provide advertising services for financial products in Spain. Google, the internet giant, has announced that it will require authorization from public entities before it can lend advertising services to financial companies in Spain. The measure was implemented in the UK in 2021 and is likely to be extended to more countries in the coming months. The reason for this restriction is the chances of possible fraud.

The Spanish Securities Regulatory Authority (CMNV) or the Bank of Spain will provide the authorization. The companies that need to advertise with Google need confirmation. Google is also likely to implement additional requirements, which will apply from 2023. Google stated that the new measure will help guarantee a safe, healthy and sustainable advertising system.

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

BTC continues to taper off

Bitcoin has continued to slide as there has been no improvement in its value. On the other hand, a Bitcoiner has claimed to have found the “longest lost” Satoshi Bitcoin code with personal notations. These claims have not been verified by any organization or Bitcoin yet.

The latest changes for Bitcoin show a continuation of the negative trend. The latest data shows that it has declined by 2.12% in the last 24 hours. The weekly data for Bitcoin shows a gain of 0.93%.

The price value for BTC is currently in the area of ​​$19,574.42 and may go lower. The market value of Bitcoin is estimated to be $375,203,864,636. The 24-hour trading volume for this coin is approximately $28,999,661,965.

ETH is lowered further

OpenSea has unlocked the submission of bulk NFT listings and purchases. The largest marketplace for NFTs and crypto collectibles said it would allow bulk purchases and listings. The mentioned step will help the customers and sellers.

The performance of Ethereum has not been different from the rest of the market due to the bearish trend. The latest data shows that it has gone down 1.69% in the last day. The seven-day data shows a gain of 0.27%.

The recent losses have brought ETH’s price value to the $1,333.12 area. The market value of this coin is estimated to be $163,571,349,457. The 24-hour trading volume for this coin is approximately $9,910,910,807.

XEC fluctuates

The performance of eCash has also continued to show a decline due to the lingering winter. The latest data shows that it has decreased 1.27% in the last 24 hours. The seven-day data shows that it has increased by 2.88%. The price value for XEC is currently in the range of $0.0000424.

The market cap of eCash is estimated at $814,395,967. The 24-hour trading volume for this coin is approximately $83,909,951. The same amount in its original currency is approximately 1,977,991,046 XEC.

HT bullish

The value of Huobi Token has increased as investors have been positive about it. The latest data shows that it increased by 5.55% in the last day. The seven-day data shows that it has decreased 0.86%. The price value for HT has increased to the $4.40 range.

The market cap of Huobi Token is estimated to be $674,925,342. The 24 hour trading volume for this coin is around $13,003,361. The circulating supply of this coin is approximately 153,357,694 HT.

Final thoughts

Due to a bearish trend, the global crypto market has continued to lose value. The latest changes in the market show losses for Bitcoin, Ethereum and others. As the negative trend has continued, the market has declined in value. The global market capitalization also fell due to these changes. The latest data shows that it is estimated at 947.04 billion dollars.