Bitcoin, Ethereum, Solana and Tron Daily Price Analysis – October 13 Roundup

The global crypto market has seen a change in performance as it attempts to regain value. The latest changes show that Bitcoin, Ethereum and others have recovered significantly. The last day brought losses to the market due to the release of the CPI report for consumers. The result was a rapid decline in the value of the global crypto market. Although there were little expectations about the value recovery, ongoing changes show that the market has shown resistance.

Ethereum co-founder Joe Lubin said in an interview that the crypto market is a tail wagging from a “very sick dog.” In response to a question about the poor performance of Ethereum, ConsenSys CEO said that it is a result of the poor economy. The transition of Ethereum from Proof of Work to Proof of Stake has resulted in cutting 99% of energy usage, but there is still no great improvement in value.

Lubin blamed macroeconomics for Ethereum’s problems. He said the economy is broken and likely to remain so for some time. The global macroeconomic situation has continued to worsen rather than improve. The problems in the US, such as inflation, the Fed, interest rates, etc., have continued to plague the economy and, ultimately, the crypto market.

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

BTC Closer to $19.5K

Big names in crypto have renewed calls for Satoshi Nakamoto to win the Nobel Memorial Prize in Economics. The giant in the crypto space was considered deserving of the Nobel Prize because of the revolution he brought. But the problem is that this name has been shrouded in mystery since Bitcoin was launched and could not be identified.

The latest changes for Bitcoin show significant improvement in value. The latest data shows that it has increased by 0.33% in the last 24 hours. The seven-day data shows that it has decreased 2.82%.

The price value for BTC improved to the $19,425.02 area. The market value of Bitcoin is estimated at $372,363,891,043. The 24-hour trading volume for Bitcoin is around $44,615,621,719.

ETH is gaining momentum again

Elon Musk has launched Foul Fragrance and accepts payments in Bitcoin, Ethereum, Dogecoin and several altcoins. Perfumes are a strange new product that Musk has added to the company’s range of goods and services, which can be paid for in crypto.

The performance of Ethereum has also shown improvement over the past few hours. The latest data shows it has reduced its losses to 0.41%. In comparison, the weekly performance shows that it has decreased by 4.82%.

The price value for ETH is currently in the area of ​​$1,291.92. The market value of this coin is estimated at $158,448,798,228. The 24-hour trading volume for this coin is approximately $17,626,827,016.

SOL recessive

The value of Solana has continued to be affected due to the negative trend. The latest data shows that it has gone down 1.34% in the last 24 hours. The weekly performance shows that it has decreased 8.05%. The price value for SOL is currently in the $30.76 range.

The market cap of Solana is estimated at $10,995,123,843. The 24 hour trading volume for this coin is approximately $1,323,071,429. The same amount in its native currency is around $1,323,071,429.

TRX is trying to revive its value

The performance, i.e. Tron, has also shown a negative trend despite attempts to regain value. The latest data shows that it has gone down 1.69% in the last 24 hours. The seven-day data shows that it has decreased 3.06%. The latest changes have brought TRX’s price value to the $0.06106 range.

The market cap of Tron is estimated to be $5,626,578,048. The 24 hour trading volume for this coin is approximately $482,387,937. The circulating supply of this coin is approximately 92,319,071,740 TRX.

Final thoughts

The global crypto market has seen a revival trend as it pared its losses. Recent data shows that Bitcoin, Ethereum and others have made a comeback. The result of these changes is a significant addition to the value. The global market cap is currently estimated at $924.93 billion. If the current trend continues, it is likely to grow further.