Bitcoin, Ethereum, Arweave and Celo Daily Price Analysis – July 30 Roundup
The global crypto market has faced changes in capital inflows, but it has maintained its gains. The latest data shows that Bitcoin has seen a downward trend in capital inflows, but it has yet to turn bearish. In comparison, Ethereum is facing a negative trend as it has turned bearish. The rest of the market is uncertain as different coins behave differently. How the market will behave in the coming hours remains to be seen.
A senior official in Ukraine has shared thoughts on crypto assets, referring to them as important. The most important feature of crypto is its cross-border transactions, which makes them convenient for international use. It is a fast, simple and practical solution. It has further proven its importance in the Russia-Ukraine war as the flow of donations has continued to Ukraine via crypto.
Alex Bornyakov expressed his views on the use of crypto in this war and how these donations have proven fruitful. He said that even though the market has crashed, people are still donating via crypto. He also shared the Ethereum and Bitcoin addresses through which their war effort can be supported.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.
BTC trades below $24K
Bitcoin remains near the $24K level as gains have kept it afloat. The recent changes have allowed Bitcoin to move out of the fear zone, but it needs to add value. The increase will help it get closer to the previous highs.
The latest data for Bitcoin shows that it has added 0.08% in the last 24 hours. The weekly data shows an addition of 6.43%. The increase has helped the company to maintain its position at a significant point.
The price value for Bitcoin is in the area of $23,845.68. If we compare the market value of Bitcoin, it is estimated at $455,845,514,477. The 24-hour trading volume for Bitcoin is around $27,880,817,794.
ETH affected by bearishness
Ethereum merger has proved to be a good sign for the users as the price value has increased significantly. The question for market analysts is how far Ethereum can go before the final merger takes place. That would be something no one is sure of, but a significant increase in value is expected.
The value of Ethereum has seen fluctuations over the past 24 hours. The latest data shows that it has decreased by 0.39% in the last 24 hours. The weekly performance shows an addition of 9.47%.
The current price value of ETH is in the area of $1,703.60. If we compare the market value of this coin, it is estimated at $207,442,240,856. The 24-hour trading volume for this coin is approximately $14,913,005,115.
AR continues to grow
Arweave has also seen significant value appreciation as capital inflows continue. It has added 9.70% in the last 24 hours. Seven-day data shows an increase of 9.79%. The aforementioned increase has brought the price value to the $15.13 range.
If we look at the market value of AR, it is estimated at $509,997,049. The 24-hour trading volume for this coin is approximately $78,960,934. The same amount in its original currency is approximately AR 170,377.
CELO adds gains
Celo has also been bullish as the market has continued to grow. The increase has resulted in an addition of 4.82% in the last 24 hours. The weekly performance shows that it has increased by 10.44%. The increase has brought the price value to the $1.04 range.
The market value of CELO is estimated at $472,446,832. The 24 hour trading volume for this coin is approximately $50,036,787. The circulating supply of this coin is approximately 450,833,963 CELO.
Final thoughts
The global crypto market has seen a continuation of its gains. These have helped it retain its value as there has been little change. The value of Bitcoin and other big names has remained almost unchanged, showing the balance between outflows and inflows. Maintaining equilibrium has helped to maintain the global market value unchanged; It is currently estimated at $1.10 trillion.
