Bitcoin, Ethereum, Dogecoin and Tron Daily Price Analysis – September 12 Roundup
The global crypto market has witnessed a change in performance. A reduction in the inflow of capital resulted in a significant loss for the market. The value of Bitcoin continues to strengthen, while others have seen a drop in value. If the negative trend continues, the market could see further weakness. The recent bearish changes did not affect the market as before and remained bullish. The market has yet to see whether it will strengthen or turn bearish as usual.
Ex-Coinbase manager’s brother has pleaded guilty to insider trading. Allegations of insider trading have begun to hit various companies in the crypto market. A recent story in this regard was the prosecution of former OpenSea product manager Nate Chastain. Another name will be added to the list as the ex-Coinbase’s brother has pleaded guilty to a wire fraud conspiracy charge.
Twenty-six-year-old Nikhil Wahi admitted in a virtual court hearing before Manhattan Judge Loretta Preska that he acted based on his inside knowledge of confidential Coinbase information. Prosecutors have alleged that Nikhil’s brother Ishan Wani shared inside information with him while informing his friend about upcoming listings. They had used the inside information at least 14 times prior to the announcements between June 2021 and April 2022.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.
BTC continues to grow
Bitcoin has continued to grow despite the negative trend in the market. The latest changes show it has risen above $22,000, but whether it is sustainable is the question. Bitcoin has shown strength in the last four days and the calculations show that it may be able to stay strong in the coming days.
The latest changes for Bitcoin show a continuation of the growth. The latest data shows that it has increased by 0.12% in the last 24 hours. The weekly data shows that it has increased by 11.68%.
The price value of Bitcoin has continued to strengthen as it is currently in the area of $22,231.31. The market value of BTC is estimated to be $425,024,306,029. The 24-hour trading volume for this coin is approximately $49,484,368,191.
ETH bearish
Bank of America has said Ethereum pooling could boost institutional adoption. As the merger makes Ethereum more energy efficient, Bank of America researchers say it could increase interest from institutions, and drive further investment.
The value of Ethereum has seen a negative change in recent hours. The latest data shows that it has decreased 4.60% in the last 24 hours. The gain for the last seven days is about 1.94%.
The price value for ETH is currently in the area of $1,689.03. The market value of this coin is estimated to be $206,644,622,187. Its 24-hour trading volume is approximately $17,723,779,196.
DOGE in loss
The performance of Dogecoin has also shown a bearish trend. The latest data shows that it has gone down 1.82% in the last 24 hours. By comparison, weekly data shows a decrease of 1.30%. The price value for DOGE is currently in the range of $0.06306.
The market cap of Dogecoin is estimated at $8,365,889,302. The 24-hour trading volume for this token is approximately $386,587,637. The same amount in its original currency is approximately 6,130,714,309 DOGE.
TRX declines
Tron has also shown a downward trend due to a bearish market. The latest data shows that it has decreased by 2.29% in the last 24 hours. The weekly data shows that it has decreased by 0.41%. The price value of TRX is currently in the range of $0.06312.
The market cap of Tron is estimated to be $5,830,039,914. The 24-hour trading volume for this token is approximately $418,396,964. The circulating supply of this token is approximately 2,369,277,131 TRX.
Final thoughts
The global crypto market has seen a change in performance due to the dominant bearish pattern. The latest data shows that the majority of tokens could not retain gains. Bitcoin has shown a positive trend unlike others. As the profit pattern has changed, the global market value has also fluctuated. The latest data shows that it is estimated at 1.06 trillion dollars.
