Bitcoin, Ethereum, Quant and Toncoin Daily Price Analysis – October 24 Roundup
The global crypto market has seen a reversal of the positive trend in recent hours. The latest data shows that Bitcoin, Ethereum and others have changed direction. The reversal of the positive trend is the continuation of the same pattern that has continued in the past. The market has made several attempts to regain momentum but is unable to continue bullish. The uncertainty in the market is the reason why it has seen continuous sales. Investors have preferred to opt for more reliable options compared to this one.
The Tel Aviv Stock Exchange has announced restructuring and making room for a crypto platform. The crypto market seems to be gaining credibility as major setups make changes to adopt it. As the Tel Aviv Stock Exchange has become the latest crypto adopter, it has announced necessary changes. According to official sources, the exchange has a robust five-year plan that includes tokenization of various classes of digital assets and smart contracts.
The exchange representative said in a statement that they will promote the implementation of innovative technologies. TASE plans to investigate several potential plans to ensure a range of services are provided. According to official sources, a revenue target of 10-12% CAGR is to be achieved from organic growth. One of the possible targets could be the acquisition of foreign or local stock exchanges.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC in uncertainty
Canaan Inc. has announced a new generation of mining equipment. The aforementioned company unveiled its Bitcoin mining prototypes to counter the ongoing issues. The company’s CEO believes that the new generation of miners will help the mining companies with increasing difficulties in the market.
The latest changes for Bitcoin show that it has seen a reversal in gains. The latest data shows that Bitcoin has fallen 0.75% in the last day. The weekly data shows that Bitcoin has fallen 1.27%.
The price value for Bitcoin is currently in the area of $19,287.01. The market value of BTC is estimated to be $370,431,749,336. The 24-hour trading volume for Bitcoin is approximately $28,812,729,163.
ETH becomes recessive
Ethereum’s price has remained uncertain as its value has continued to fall. Some analysts have held fusion responsible for all these problems. There is a likely chance that the merger will not stop the price from falling.
The performance of Ethereum has not shown any positive change. The latest data shows that it has gone down 1.26% in the last 24 hours. The weekly data shows that it has increased by 0.59%.
The price value for ETH is currently in the area of $1,338.34. The market value of this coin is estimated at $164,040,941,864. The 24-hour trading volume for this coin is approximately $12,665,408,730.
QNT bullish
Quant has performed differently as it has remained bullish. The latest data shows that it increased by 2.98% in the last day. The weekly data for this coin shows a loss of 10.78%. The price value for QNT is currently in the $178.60 range.
The market cap of Quant is estimated at $2,156,442,702. The 24 hour trading volume for this coin is approximately $95,337,689. The same amount in its original currency is approximately 533,743 QNT.
TON sees new heights
The performance of Toncoin has also seen a positive turn as investors remain bullish. The latest data shows that it has increased by 3.33% in the last 24 hours. The weekly data shows that it has increased by 16.39%. The price value for TON is currently in the $1.46 range.
The market cap of Toncoin is estimated at $1,783,605,288. The 24-hour trading volume for this coin is approximately $8,678,266. The circulating supply of this coin is approximately 1,221,401,181 TON.
Final thoughts
The global crypto market has seen a negative trend in the last day. The performance of Bitcoin, Ethereum, etc., shows a negative trend, while some remained bullish. The general negative trend has kept the market recessive. The global market value has also been affected by negative changes. The latest data shows that it is estimated at 929.84 billion dollars.
