Bitcoin, Ethereum, OKB and VeChain Daily Price Analysis – December 15 Roundup

The global crypto market has seen a continued negative trend over the past day. The performance of Bitcoin, Ethereum and others shows that there has been no improvement. As the market continues to face problems, there is a continuous decline in value. Although there have been dominant bullish swings in recent days, the momentum has reversed. Now the market is facing a strong bearishness. It is hoped that the market will turn bullish soon.

Stellar has partnered with UNHCR to provide Ukrainian refugees with cash via USDC. The new project seeks to help unbanked Ukrainian refugees while helping to streamline the international Red Cross projects. The use of blockchain technology for humanitarian purposes has increased. The blockchain system offers solutions in cases where there is a lack of banking channels for identity verification. The aforementioned technology contributes in particular to developing such infrastructure in war-torn areas.

Two new projects were announced in December, including one that provides a cash aid solution for Ukrainian refugees. The other will help them offer cash and vouchers through the Partisia network. But the previous blockchain projects have had mixed results as some have been effective in bypassing red tape. While in other cases they have made the blockchain system redundant.

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

BTC still in loss

As a lifeline has been offered to Bitcoin miner Core Scientific, there has been a surge in shares. The troubled miner’s share price has seen a 200% increase in the past few hours. The change came as a result of assistance from a financial group.

The latest changes for Bitcoin show a continuation of the negative trend. The latest data shows that it has gone down 1.46% in the last 24 hours. The seven-day data shows that it has increased by 1.07%.

The price value of BTC is currently in the area of ​​$17,421.84. The market value of Bitcoin is estimated to be $335,110,057,537. The 24-hour trading volume for Bitcoin is around $20,043,335,257.

ETH remains recessive

A new Coinbase tool will help users recover their stranded Ethereum tokens. Countless numbers of ERC-20 tokens have been lost due to the Coinbase incompatibility with the exchange. The new feature will help users to finally retrieve their assets.

The performance of Ethereum has also shown a negative trend. The latest data shows that it has gone down 1.42% in a day. The seven-day data shows it has retreated by 0.85%.

The price value of ETH is currently in the area of ​​$1,271.71. The market value of this coin is estimated to be $155,624,122,070. The 24-hour trading volume for the same coin is approximately $5,420,611,107.

OKB becomes bullish

The performance of OKB has shown positive statistics as it turned bullish. The latest data shows that it has increased by 0.90% in the last 24 hours. The seven-day data shows that they have added 9.91%. The price value of OKB is currently in the range of $22.89.

The market capitalization of OKB is estimated at $1,373,214,536. The 24-hour trading volume for this coin is approximately $15,702,726. The same amount in its native currency is approximately 686,442 OKB.

VET is trying to regain speed

VeChain has also made efforts to regain momentum as it faces tough times. The latest data shows that it has decreased by 0.34% in the last 24 hours. The seven-day data shows that it has decreased 3.37%. The price value of VET is currently in the $0.01838 range.

The market cap of VeChain is estimated at $1,332,921,572. The 24 hour trading volume for this coin is approximately $32,558,000. The circulating supply of the same coin is approximately 72,511,146,418 VET.

Final thoughts

The performance of the global crypto market has shown a negative trend in recent hours. The latest data on Bitcoin, Ethereum and others shows that there has been a continuous decline. As the market has continued to fall, there has been a decrease in capital inflows. The global market cap has also seen fluctuations as it is estimated to be $849.77 billion.