Bitcoin, Ethereum, Hedera Hashgraph and Tezos Daily Price Analysis – October 4th Roundup
The global crypto market has continued to attract investment as the trend shows bullishness. Recent hours show retention of gains for Bitcoin, Binance Coin and others. Although there has been a fluctuation in value, there is little negative change. The market has continued to see an alternating bullish and bearish pattern. The recent changes have strengthened the value of the market, but there is still a chance of bearishness. Due to the unstable global geopolitical situation, the market has continued to risk its gains to bearishness.
MasterCard has launched a new product to help banks fight crypto-related crime. The new software launched by MasterCard has been named CryptoSecure. The software is powered by CipherTrace, which will help banks and cardholders identify and block fraudulent transactions via crypto exchanges. The new product uses a sophisticated synthetic algorithm to assess the risk of crime associated with crypto exchanges.
As the software runs on the CipherTrace blockchain, it integrates artificial intelligence, cyber and blockchain capabilities to provide crypto stakeholders with digital asset security. MasterCard acquired the company CipherTrace back in October 2019. Banks and other card issuers will see a dashboard showing the severity of risks associated with crypto transactions and activities when using this platform.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.
BTC stuck at $20K
Bitcoin has seen hope as its bounce coincides with a possible macro reversal. The extreme bullish wave for Bitcoin came when the accumulation level reached a seven-year high. The massive increase was last seen in 2015, and the current one gives new hope to investors.
The latest changes suggest a continuation of the bullish trend for Bitcoin. The latest data shows that it has increased by 3.49% in the last 24 hours. The weekly data shows that Bitcoin has added 7.80%.
The price value of Bitcoin has increased to $20,209.58 as the bullish trend continues. The market value of Bitcoin is estimated to be $387,466,772,325. The 24-hour trading volume for Bitcoin is approximately $36,129,569,470.
ETH is looking at $1.4,000
Actor Scott Eastwood has announced an Ethereum NFTs giveaway for charity. The Suicide Squad star and Clint Eastwood’s son shared that he was hesitant to jump on this bandwagon, but soon changed his mind. Three Arrows Capital NFTs are also being moved to a new wallet.
The value of Ethereum has also seen an increase due to continued gains. The latest data shows an addition of 2.58% in the last 24 hours. The weekly data shows an addition of 5.44%.
As capital inflows remain strengthened, the price value of ETH has reached $1,354.66. The market value of this coin is estimated at $166,172,770,436. The 24-hour trading volume for this coin is around $10,188,078,078.
HBAR fluctuating
The performance of the Hedera Hashgraph has shown a fluctuating pattern. The latest data shows that it has increased by 1.13% in the last 24 hours. The seven-day data shows that it has increased by 1.05%. The result of the increase in gains is an increase in the price value of HBAR, which is currently in the range of $0.05815.
The market capitalization of Hedera Hashgraph is estimated at $1,335,697,769. The 24-hour trading volume for this coin is approximately $34,509,967. The same amount in its original currency is approximately $593,420,717 HBAR.
XTZ continues to grow
Tezos has also continued to grow as a result of the continued influx of capital. The latest data shows that it has increased by 1.56% in the last 24 hours. The weekly data shows that it has increased by 2.40%. The price value for XTZ is currently in the $1.45 range.
The market cap of Tezos is estimated at $1,325,055,151. The 24 hour trading volume for this coin is approximately $22,231,499. The circulating supply of this coin is approximately 911,236,997 XTZ.
Final thoughts
The global crypto market has seen a change in pattern as it has continued to rise. Recent data shows that Bitcoin, Ethereum and others continued to gain value. The increase in gains has strengthened the global market value. The latest data shows that it is estimated at 965.31 billion dollars.
