Bitcoin, Ethereum, Quant and Terra Classic Daily Price Analysis – October 12 Roundup
The global crypto market has seen a positive change as the inflow of capital strengthened. The latest changes for Bitcoin, Ethereum and others show performance improvement. There had been a market trend of bearishness with small exceptions i.e. bullish changes. The market has struggled with the current situation as the capital inflow has not strengthened as expected. There were short strong bullish waves in the past few months but they could not last long to strengthen the market.
FTX CEO Sam Bankman-Fried has said his brand is on board with the regulation. He reiterated that his brand would like the regulations lawmakers pushed to guide innovations in the cryptocurrency ecosystem. Sam Bankman-Fried spoke at the Bipartisan Policy Center. He further said that there had been observable friction between the industry and those who wanted to introduce regulations.
He supported regulations and called it a healthy activity. Sam went on to say that the friction needs to end, he is there to mediate if needed. He also said he is ready to provide any assistance required to bring functional regulations to market. He also said he had noticed unwelcome attitudes on the end of some industry leaders, but that had to stop.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC is trying to gain traction
Bitcoin holds steady as market awaits key inflation data. The CPI report is expected to be released tomorrow, as a result of which stocks have taken a hit, but have been resilient so far. The effect is yet to be seen on Bitcoin.
The latest changes for Bitcoin show positive changes. The latest data shows that it has increased by 0.38% in the last 24 hours. The seven-day data shows a recession of 5.67% for Bitcoin.
The price value for BTC is currently in the area of $19,133.15. The market value of Bitcoin is estimated to be $367,052,672,143.
ETH is turning bullish
Coin Center has sued the US Treasury over the Tornado Cash ban. The federal case may highlight conflicting statements from federal agencies regarding the national status of Ethereum. Recently, US federal agencies have issued statements about the control of Ethereum because the majority of its assets are located in the United States.
The recent performance of Ethereum also shows an improvement. The latest data shows that it has increased by 1.00% in the last 24 hours. The weekly performance shows that it has decreased 5.60%.
The latest changes have brought the price value to the $1,295.70 area. The market value of this coin is estimated at $159,173,614,813. The 24-hour trading volume for this coin is approximately $8,228,509,825.
QNT in winnings
The value of Quant also improved due to recent gains. The latest data shows that it has increased by 2.26% in the last 24 hours. The performance for the last seven days shows that it has increased by 11.71%. These changes have brought the QNT price value to the $155.21 area.
The market cap of Quant is estimated at $1,879,008,578. The 24 hour trading volume for this coin is approximately $36,638,538. The same amount in its original currency is approximately 235,405 QNT.
LUNC changes direction
Terra Classic has also changed direction as a result of the latest changes in the market. The latest data shows that it has increased by 0.97% in the last 24 hours. The seven-day data shows that it has declined by 3.62%. The price value for LUNC is currently in the range of $0.0002879.
The market cap of Terra Classic is estimated at $1,766,855,246. The 24 hour trading volume for this coin is approximately $393,075,092. The circulating supply of this coin is approximately $6,151,072,613,161 LUNC.
Final thoughts
The global crypto market has seen a positive change recently. The ongoing changes show that Bitcoin, Ethereum and others have turned bullish. The bullish trend has strengthened the overall market. If the current situation persists, the market is likely to see a further increase in value. The global market cap has also increased due to the bullish trend. The latest data shows that it is estimated at 921.37 billion dollars.
