Bitcoin, Ethereum, Dogecoin and Shiba Inu Daily Price Analysis – December 17 Roundup

The global crypto market has seen a positive change in performance in recent hours. The data for Bitcoin, Ethereum and others shows that there has been a significant change. As the market has seen an improvement, there has been an increase in capital inflows. The increase in value has resulted in an increase in investor confidence, which has been affected recently. The market has made several attempts to regain momentum, but has seen fluctuations.

Dutch Bitcoin exchange Bitvavo has accused Digital Currency Group of having liquidity problems. The DCG subsidiary Genesis still has a withdrawal freeze on its lending arm. In comparison, Grayscale Bitcoin is trading at record discounts. Dutch cryptocurrency exchange Bitvavo said it has 280 million euros committed with Digital Currency Group (DCG). The aforementioned amount corresponds to 297 million dollars in USD. Furthermore, this amount is approximately 17.5% of the 1.6 billion Euro Bitvavo claims to manage.

Bitvavo assured its customers that it has no impact on the Bitvavo platform. Bitvavo claimed in a blog post that DCG is facing liquidity problems due to the current turbulence in the market. Furthermore, DCG has suspended repayments until the liquidity issue is resolved. DCG responded to this statement that the funds are being held by Genesis, which is an “independent subsidiary.”

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

BTC resumes gains

David Puell has said in a statement that there is still a lack of chain signals for the BTC bull market. According to him, the Bitcoin network is underwhelming as additional data confirms a textbook BTC price bottom.

The recent changes for Bitcoin show little hope as the market has seen a revival. The latest changes for Bitcoin show that it has added 0.31% in the last 24 hours. The seven-day data shows that it has declined by 2.39%.

The price value of BTC is currently in the area of ​​$16,740.19. The market value of Bitcoin is estimated to be $322,025,617,467. The 24-hour trading volume for Bitcoin is around $12,851,031,632.

ETH revival value

Ethereum OFAC-compliant blocks have dropped as validators move to affect this update. The latest data shows that there has been a significant drop in the number of these blocks. Ethereum validators also plan to apply an update that will further lower the number.

Ethereum has also seen a trend of revival in value as the market remains favorable. The latest data shows that it has increased by 0.95% in the last 24 hours. The seven-day data shows that it has decreased 6.57%.

The price value of ETH is currently in the area of ​​$1,186.57. The market value of this coin is estimated to be $145,205,492,635. The 24-hour trading volume for the same coin is approximately $4,485,461,654.

DOGE on the way up

The performance of Dogecoin has also seen peaks as a result of a bullish market. The latest data shows that it has increased by 2.90% in the last 24 hours. The seven-day results show that it has declined 18.13%. The price value of DOGE is currently in the area of ​​$0.7916.

The market cap of Dogecoin is estimated to be $10,501,892,046. The 24 hour trading volume for this coin is approximately $408,023,312. The same amount in its original currency is approximately 5,151,681,730 DOGE.

SHIB super bullish

The performance of the Shiba Inu has also shown a positive trend. The latest data shows that it has increased by 6.61% in the last 24 hours. The seven-day data shows that it has decreased 5.34%. The price value of SHIB is currently in the range of $0.00000872.

The market value of the Shiba Inu is estimated to be $4,787,611,206. The 24-hour trading volume for this coin is approximately $204,280,881. The circulating supply of the same coin is approximately 549,063,278,876,302 SHIB.

Final thoughts

The global crypto market has seen a positive trend in recent hours. The performance of Bitcoin, Ethereum and others shows that there has been an improvement in gains. As the market has become bullish, there has been an increase in capital inflows. The global market cap has also enjoyed a respite as it improved to $809.22 billion.