Bitcoin, Ethereum, Algorand and Filecoin Daily Price Analysis – November 29 Roundup
The global crypto market has witnessed a rapid influx of capital which has boosted the market. The latest changes for Bitcoin, Ethereum and others show a significant increase. The ongoing bullish wave has proven significantly stronger compared to the past. Although it remains to be seen how long it will continue. Data for the past few weeks shows that the market’s bullishness has not lasted and ultimately resulted in even bigger losses.
SBF claims that he is left with a few thousand dollars after the collapse of FTX. He has claimed in a statement that he is left with only one hundred thousand dollars in his bank account. He further added that FTX would have had a fifty-fifty chance had CZ not expressed concern. The famous SBF has revealed many unpleasant details in his recent interviews. He spoke to Axios when he claimed his bank account is almost empty.
The aforementioned details show that SBF has lost almost 99% of its assets. His worth was around $16 billion before the collapse of FTX. Also, his fortune had once peaked at $26.5 billion at one point. However, his fortune plummeted when it was linked to FTX. He added that he had everything connected to the company and that it crashed.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC close to $17K
Cipher mining has started Bitcoin production operations at its Odessa data center. The company began operations in Texas on Tuesday and will continue. Various BTC mining companies have gone bankrupt due to the negative trend in the market as they could not earn enough.
The latest changes for Bitcoin show that it has continued to grow in value. The latest data shows that it has increased by 3.96% in the last 24 hours. The weekly performance of Bitcoin shows an addition of 4.26%.
The price value of BTC is currently in the area of $16,904.84 and is improving further. The market value of Bitcoin is estimated to be $324,916,221,692. The 24-hour trading volume for Bitcoin is approximately $25,900,788,966.
ETH super bullish
Ethereum has hit some new milestones recently as the bullish trend continues. L2 protocols on Ethereum viz. Optimism and arbitrage have led the front as they hit a monthly all-time high. Despite the positive trends, some negative developments may be disappointing for investors.
The value of Ethereum has also continued to rise as a result of recent gains. The latest data shows that it has increased by 7.88% in the last 24 hours. The weekly performance of this coin shows a growth of 12.23%.
The price value of ETH is currently in the area of $1,271.27. The market value of this coin is estimated at $155,569,762,050. The 24-hour trading volume for this coin is approximately $8,987,793,017.
ALGO continues to rise
Algorand’s performance has also shown a positive trend. The latest data shows that it has increased by 3.69% in the last day. The seven-day data shows it has added 3.84%. The price value of ALGO is currently in the area of $0.246.
The market cap of Algorand is estimated at $1,750,793,258. The 24-hour trading volume for this coin is approximately $52,715,352. The same amount in its original currency is approximately 214,039,058 ALGO.
FILE aggressive
Filecoin has also been aggressive as the market continues favorably. The latest data shows that it has increased by 3.70% in the last 24 hours. The weekly performance of this coin shows that it has added 3.33%. The price value of FIL is currently in the range of $4.46.
The market cap of Filecoin is estimated at $1,460,820,363. The 24-hour trading volume for this coin is around $101,688,012. The circulating supply of the same coin is approximately 327,725,978 FIL.
Final thoughts
The global crypto market has witnessed a positive change in performance as it continued to rise. The latest changes for Bitcoin, Ethereum and others show a positive trend. The ongoing changes have been spurred on by optimism in the investor community. The positive trend has also helped the growth in the global market value. The latest data shows that it is estimated at 855.32 billion dollars.
