Bitcoin, Ethereum, Chain and ApeCoin Daily Price Analysis – November 19 Roundup
The global crypto market has witnessed a positive change in value as it made significant gains. Recent changes show that Bitcoin, Ethereum and others have turned bullish. The market has experienced fluctuations in recent days due to the uncertainty in the market. Investors have also felt uncertain about gains as the market has shown no continuing pattern. The market continues to experience difficult times due to endless challenges. Although the current situation is optimistic, it must continue.
Singapore police have warned investors against FTX phishing scams. FTX has an estimated $8 billion hole in its balance sheet while investors are eager to get their money back. Phishing scammers have taken advantage of this situation as they plan to trick users into fraud. According to the information provided by the Singapore Police, various fake websites have appeared that claim to help investors recover investor funds.
Singapore police issued a warning on November 19 regarding a website claiming to be hosted by the US Department of Justice. The site asks users to log in with their account. The website was not identified, but it claims that users will be able to withdraw their money. Police said the website has been launched to trick unsuspecting users into sharing their private information.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC is trying to rise
The BTC difficulty is likely to adjust over the weekend as miners have capitulated. The current pattern shows that Bitcoin has formed a bearish chart pattern, but that is likely to change. The month of November proved to be difficult for this coin as it could not gain the desired momentum.
The latest changes for Bitcoin show a positive trend. The latest data shows that it has increased by 0.58% in the last 24 hours. The weekly performance of Bitcoin shows a loss of 1.06%.
The bullish changes have boosted the BTC price value to the $16,697.97 range. The market value of Bitcoin is estimated to be $320,800,038,091. The 24-hour trading volume for Bitcoin is around $16,167,920,807.
ETH gains momentum
Binance’s CZ and Ethereum’s Vitalik Buterin have agreed on a new idea as BNB remains stagnant. The two giants agreed on new ideas that will help prevent events such as the collapse of major exchanges. The recent collapse of FTX has had a significant impact on the overall market.
The performance of Ethereum has also seen an increase as it turned bullish. The latest data shows that it has increased by 1.23% in the last 24 hours. The weekly performance of this coin shows a loss of 3.48%.
The price value of ETH is currently in the area of $1,219.36. The market value of this coin is estimated to be $149,218,105,827. The 24-hour trading volume for this coin is approximately $6,069,478,604.
XCN still recessive
The value of Chain has continued to decline due to downward moves. The latest data shows that it has fallen 7.54% in the last 24 hours. The weekly performance of this coin shows an addition of 1.67%. The price value of XCN is currently in the range of $0.04869.
The market cap of Chain is estimated at $1,045,548,191. The 24-hour trading volume for this coin is approximately $25,118,452. The same amount in its original currency is approximately 516,565,179 XCN.
APE super bullish
ApeCoin has remained super bullish as it continued to attract gains. The latest data shows that it has increased by 7.24% in the last 24 hours. The seven-day performance of this coin shows further gains as it returned 9.49%. The price value of APE is currently in the $3.29 range.
The market cap of ApeCoin is estimated at $1,008,309,562. The 24-hour trading volume for this coin is around $135,049,564. The circulating supply of the same coin is approximately 306,875,000 APE.
Final thoughts
The global crypto market has seen a change in performance over the past day. The value of Bitcoin, Ethereum and others has risen considerably. The latest changes have led to gains for the market, benefiting investors. The ongoing changes have also contributed to increasing the global market value. The latest data shows that it is estimated at 835.99 billion dollars.
