Bitcoin, Ethereum, Cosmos and Stellar daily price analysis – Roundup July 9th

The changes in the global crypto market have continued as there have been fluctuations in the value of various currencies. The difference from the last day is the change in the pattern as all major coins, including Bitcoin, have become bullish. While the following withdraw their winnings, they move effectively towards losses. Since the market has been unstable, it is a continuation of the loss pattern.

Many crypto companies have come to the rescue of collapsed crypto companies. The main goal of this support is to give a helping hand to those projects that have problems. Last on the list is Polygon Studios, whose owner Ryan Wyatt has announced the rescue of Terra projects. The collapse of Terra resulted in the loss of billions of dollars while the effects continued on the market.

When Polygon goes to the rescue of Terra projects, it will give the market a sense of security and increase investor confidence. The initiative of Binance, FTX and other big names has improved the market.

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

BTC continues to decline

According to Changpeng Zhao, CEO of Binance, users of their blockchain have voted to keep free transactions to Bitcoin. According to official sources, a poll was conducted for Binance users, who asked if they should maintain or abolish the free transactions that were previously confirmed.

The latest data for Bitcoin shows that it has fallen 0.56% in the last day. If we compare performance over the last seven days, Bitcoin has added 12.18%. The latter value has remained consolidated.

The price value for Bitcoin is in the range of $ 21,52.11. If we look at the market value of Bitcoin, it is estimated at $ 411,073,062,457. The 24-hour trading volume for Bitcoin is approximately $ 29,275,840,832.

ETH also in a bearish mood

Ethereum has seen an increase in value even though the market is struggling. The value has varied and remained stable compared to Bitcoin. But it has not managed to regain the heights. It remains to be seen if it will be able to reach its ATH anytime soon.

Ethereum has also returned to losses as the market changed. The latest data for ETH shows that it has fallen 0.46% in the last 24 hours. Comparative data for the last week show that the increase remains at 14.23%.

The price value for ETH is in the range of $ 1,215.17. If we compare the market value of the same coin, it is estimated at $ 147,021,352,157. The 24-hour trading volume for this coin is approximately $ 8,441,938,751.

ATOM becomes recessive

Cosmos has also changed direction as the amount of losses increased. The latest data for this coin shows that it has fallen 1.85%. In comparison, the weekly data show that the increase is still strong as they remain at 11.74%. These changes have kept the price value in the range of $ 8.97.

If we look at the market value of the ATOM, it is estimated at $ 2,565,861,308. The 24-hour trading volume of this coin is approximately $ 425,974,222. The same amount in its original currency is approximately 286,370,297 ATOM.

XMR remains bullish

Monero has not been affected by bearishness in the market. The latest data show that it has increased by 0.89% in the last 24 hours. The weekly performance shows that it has increased by 10.07%. The price value for the same coin is in the range of $ 127.50 and continues to increase.

The market value of Monero is estimated at $ 2,309,224,722. The 24-hour trading volume for this coin is approximately $ 57,327,356. The circulating supply of this coin remained at 18 145 516 XMR.

Last thoughts

The changes in the global crypto market continue as the amount of losses for Bitcoin and others has increased. This change has resulted in a decrease in the global market value compared to the second day. As losses continue, some coins have increased sales. The current global market value is estimated at 955.21 billion dollars.