Bitcoin, Ethereum, EOS and OKB Daily Price Analysis – July 22 Roundup

There has been a change in the direction of the global crypto market recently. The change has resulted in losses for the leading coins such as Bitcoin and Ethereum. On the other hand, there is still a dominant trend of gains for the following altcoins. Thus, the market seems divided over the capital inflow. The changes for the bearish coins have affected the overall market trend as the metrics show bearishness. It remains to be seen what will be the next move for the market.

The UK government has published new stablecoin regulatory rules through a new Markets Act. British politicians had argued the need for a strong push from the government to make the country a hub for crypto investment. Thus, the government launched the Financial Services and Market Bill, which investors had expected a lot.

The bill was sent to the Storting on 20 July. It must be passed by the House of Commons and the House of Lords to become law. The bill was presented by UK Chancellor of the Exchequer Nadhim Zahawi. When it becomes a law, investors can use stablecoins as a payment option.

Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.

BTC slips below $23K

Bitcoin traders in Argentina have been stopped from buying dollars. The move came from the central bank to prevent the influx of capital. The increased inflation and capital flight have burdened the country’s economy.

The latest data for Bitcoin shows that it has fallen 1.01% in the last day. The performance of Bitcoin in the last seven days shows an addition of 10.53%. The latter value may face threats if bearishness continues.

The price value for Bitcoin is in the area of ​​$22,840.61. If we compare the market value of Bitcoin, it is estimated at $436,213,752,416. The 24-hour trading volume for this coin is approximately $31,233,677,876.

ETH faces a bearish wave

Ethereum dominance has continued to increase due to optimism regarding the merger. As the markets lit up this past week, there has been a rapid increase in the value of Ethereum. While Vitalik Buterin believes that the gains will be multiple. It will also threaten Bitcoin’s leading role if its market dominance continues to increase.

The value of Ethereum has also shown a downward trend due to an unfavorable market. These changes have stripped it of 0.50% in the last day. The performance of this coin in the last seven days shows an addition of 28.70%.

The price value for ETH is in the area of ​​$1,561.15. If we compare the market value of this coin, it is estimated at $189,927,672,176. The 24-hour trading volume for the same coin is approximately $18,796,750,120.

EOS continues to grow

EOS has moved in opposition to Bitcoin and Ethereum. The performance in the last 24 hours shows an addition of 11.46%. The seven-day performance shows consolidation as it has added 21.20%. The price value for this coin has increased to $1.17.

The market cap of EOS is estimated at $1,160,215,590. The 24-hour trading volume for the same coin is approximately $469,465,411. The same amount in the original currency is around $402,674,079 EOS.

OKB lowers its profits

OKB has also been affected by bearishness in the market as it has lowered its gains. The data for the last 24 hours shows an addition of 2.99%. In comparison, the performance over the last seven days shows an increase of 21.70%. As the gains increase, the price value of this coin has reached the $15.28 area.

If we compare the market value of OKB, it is estimated at $916,653,383. The 24-hour trading volume for this coin is approximately $13,632,739. The circulating supply for the same coin is approximately 60,000,000 OKB.

Final thoughts

The value of the global crypto market has fluctuated over the past day. The latest data shows that it has not been able to retain its gains. The result has been a significant decline for Bitcoin and other coins. The general market trend does not show bearishness. The decline has affected the global market value. It is currently estimated at $1.04 trillion.