Bitcoin, Ethereum, Cronos and Quant Daily Price Analysis – October 22nd Roundup
The global crypto market has witnessed a positive change in value as the inflow of capital continues. The recent changes for Bitcoin and Ethereum show that the market has remained bullish. But in contrast, there has been a negative change for some of the following coins in the market. Uncertainty in the market has continued in recent months. The US economy has seen positive developments as the dollar looks for stability. Thus, if the stability of the dollar continues, there is a likely chance for the stability of the global crypto market.
The CFTC has said in a statement that over 20% of the cases it handled this year were related to crypto. The US SEC and CFTC are two regulatory offices that have been subject to should handle crypto-related activities. The SEC wants nothing less than full control, while the CFTC has almost the same ambitions. The battle could turn in the CFTC’s favor as it bolstered its case with the latest statistics.
According to the statement released by the CFTC DOE, it had 82 enforced actions in 2022. Of these cases, 18 were related to crypto, accounting for more than 20% of the total. Commissioner Rostin Benham stated that these cases demonstrate that the CFTC continues to aggressively monitor the emerging digital economy with all available tools.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC slow in gains
Block still has its Bitcoin mining and wallet employment. The aforementioned company has been building out its Bitcoin mining and wallet team in an ongoing hiring blitz. Jack Dorsey has plans to expand the scope of his business by seizing the opportunity that others tend to leave behind due to the recessive market.
The latest changes for Bitcoin show a continuation of gains. The latest data shows that it has increased by 0.35% in the last 24 hours. The weekly data shows that it has increased by 0.43%.
The price value for BTC is currently in the area of $19,207.38. The market value of Bitcoin is estimated to be $368,529,060,377. The 24-hour trading volume for Bitcoin is around $15,973,800,493.
ETH continues to be positive
Ethereum supply will likely fall from pre-merger levels as more coins are burned than created. There has been a downward trend in value since the merger took place.
The performance of Ethereum has shown a positive trend. The latest data shows that it has increased by 1.26% in the last 24 hours. The weekly data shows that it has increased by 2.46%.
ETH’s price value has reached the $1,313.56 area as the trend remains positive. The market value of this coin is estimated to be $160,745,412,756. The 24-hour trading volume for this coin is approximately $7,243,340,109.
CRO recessive
The performance of Cronos has shown a recessive trend. The latest data shows that it has decreased by 0.03% in the last 24 hours. The weekly data for Bitcoin shows that it has increased by 1.33% in the last day. The price value for CRO is currently in the $0.1058 range.
The market cap of Cronos is estimated at $2,671,915,100. The 24 hour trading volume for this coin is approximately $22,676,960. The same amount in its original currency is approximately 214,411,134 CRO.
QNT in loss
The value of Quant has also shown a decline as the market remained unfavorable for it. The latest data shows that it has fallen 6.79% in the last 24 hours. The weekly data shows that it has decreased 5.31%. The price value for QNT is currently in the area of $175.46.
The market cap of Quant is estimated at $2,118,241,683. The 24 hour trading volume for this coin is approximately $116,948,806. The circulating supply of this coin is approximately 12,072,738 QNT.
Final thoughts
The global crypto market has seen a positive trend in the last day. The recent changes for Bitcoin, Ethereum, etc., show a bullish trend, while some coins have remained recessive. Since the general trend of the market was positive, there has been an increase in value. The global market capitalization has slightly increased as it is currently estimated at $924.29 billion.
