Bitcoin, Ethereum, Helium and Neo Daily Price Analysis – October 17 Roundup
The global crypto market has seen a change in performance as it has added a significant amount. The latest data for Bitcoin, Ethereum and others shows continued growth. Since the market has been bullish for a while, there is an increase in value seen. As the market is likely to improve further in the coming hours, investors will see an increase in capital. The uncertainty in the market and persistent fluctuations have been the reason why investors have been reticent.
Aussie regulator has suspended 3 crypto funds belonging to Holon Investments. The details available show that ASIC has issued a stop order on three funds belonging to the Sydney-based group. According to the press release shared, these funds include those linked to Bitcoin, Ethereum and Filecoin. Stopped in offering these funds is the firm’s inability to meet non-compliant target market regulations.
The regulator also said the embargo is temporary and will last for 21 days. The embargo is based on the extreme volatility of the three coins and their popularity among investors. The service provider must stop issuing interests, providing product disclosures and giving general advice to private customers. The order will remain valid for 21 days until revoked earlier.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC reaches $19.5K
Kanye West was seen wearing a Satoshi Nakamoto cap, and fans wonder if he’s a secret Bitcoiner. One of the most controversial people has emerged with a Bitcoin cap and there is a chance that the fashion mogul will reveal his interest/investment in Bitcoin.
The latest changes for Bitcoin show a continuation of the positive trend. The latest data shows that it has increased by 1.65% in the last 24 hours. The weekly data shows that Bitcoin has added 2.80%.
The increase in performance has resulted in an increase of the BTC price to the $19,537.38 range. The market value of Bitcoin is estimated to be $374,994,528,251. The 24-hour trading volume for Bitcoin is around $27,585,521,683.
ETH continues to rise
Ethereum co-founder Joe Lubin has said that today’s metaverse is like the internet circa 1994. He reiterated that the masses are coming, and the metaverse will see its rise. He also said that augmented and virtual experiences will redefine daily life despite the problems of today.
The performance of Ethereum also saw a significant improvement as it continued to be bullish. The latest data shows that it has increased by 2.23% in a day. The weekly performance shows an increase of 4.46%.
The ongoing changes have brought ETH’s price value to the $1,332.30 area. The market value of this coin is estimated to be $163,165,501,781. The 24-hour trading volume for this coin is approximately $9,520,646,175.
HNT is recovering
The value of Helium has also seen an increase due to the bullish trend. The latest data shows that it has increased by 0.75% in the last 24 hours. The weekly data shows that it has increased by 5.76%. The continuation of the positive trend has resulted in an increase in the price value of HNT to the $4.57 area.
The market value of Helium is estimated at $590,533,219. The 24-hour trading volume for this coin is approximately $3,808,853. The same amount in its native currency is approximately 829,422 HNT.
NEO bullish
The positive trend has kept NEO growing in value as the bullish trend continues. The latest data shows that it has increased by 2.11% in the last 24 hours. The weekly performance of this coin shows a loss of 0.30%. The price value for NEO is currently in the $8.01 range.
The market value of Neo is estimated to be $564,909,309. The 24-hour trading volume for this coin is approximately $21,614,859. The circulating supply of this coin is approximately 70,538,831 NEO.
Final thoughts
The global crypto market has seen a significant change in performance due to the bullish trend. The latest changes for Bitcoin, Ethereum and others show an increased inflow of capital. As the current trend continues, the global market cap has also risen in value. The latest data shows that it is estimated at 935.59 billion dollars.
