Bitcoin, Ethereum, Tron and Uniswap Daily Price Analysis – November 28 Roundup
The global crypto market has witnessed a positive change as it has regained momentum. The performance of Bitcoin, Ethereum and others shows a significant change in value. As the market continues to rise, there is a chance that there is a revival of previous gains. The market has suffered significant losses due to a rough market. If the uncertainty in the market continues, there is a chance that the fluctuations in value will continue.
Silvergate Capital has reported less than $20 million in BlockFi deposit exposure. Silvergate Capital said in a statement that it has the least exposure to lender BlockFi, which recently filed for bankruptcy. The crypto bank said BlockFi deposits make up less than $20 million of total deposits. BlockFi filed for Chapter 11 bankruptcy on Monday as it disclosed business details. The company disclosed in its filing that it has more than 100,000 creditors.
Furthermore, the company has assets and liabilities of between 1 billion and 10 billion dollars. BlockFi had announced the suspension of withdrawals on November 10, a day after FTX filed for bankruptcy. In addition, the company said last week that it would put customer loans on forbearance. Silvergate distanced itself from BlockFi, saying it has no investment in BlockFi.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC to $16.2K
Bitcoin surrenders abound as data shows realized and unrealized losses are at record highs. Bankruptcies, falling profits and traders realizing large losses are a sign of capitulation from various market participants. The current situation may continue for some time.
Recent changes for Bitcoin are showing signs of improvement as it turns bullish. The latest data shows that it has increased by 0.84% in the last 24 hours. The weekly data of Bitcoin shows that it has added 3.07%.
The price value of BTC is currently in the area of $16,264.51. The market value of Bitcoin is estimated to be $312,595,889,915. The 24-hour trading volume for Bitcoin is around $25,576,715,016.
ETH is gaining momentum again
Protocols on Ethereum have witnessed high activity, but there is no guarantee that ETH will improve. Protocols and L2 solutions on said networks continue to improve, and ETH’s state has declined. The negative change has been the result of a decrease in network growth and speed.
The value of Ethereum has also risen as the market remains favorable. The latest data shows that it has increased by 1.11% in the last 24 hours. The weekly data shows that it has increased by 7.26%.
The price value of ETH is currently in the area of $1,179.04. The market value of this coin is estimated at $144,283,516,736. The 24-hour trading volume for this coin is approximately $6,737,871,360.
TRX on the way up
The value of Tron has also seen an improvement as capital inflows continue. The latest data shows that it has increased by 2.36% in the last 24 hours. The weekly data for this coin shows an addition of 2.69%. The price value of TRX is currently in the range of $0.05347.
The market cap of Tron is estimated to be $4,927,439,056. The 24-hour trading volume for this coin is approximately $252,347,390. The same amount in its original currency is approximately 4,724,828,326 TRX.
UNI is trying to revive
There has been a significant improvement in the performance of Uniswap. The latest data shows that it has increased by 2.61% in the last 24 hours. The weekly data shows that it has increased by 3.62%. The price value of UNI is currently in the $5.35 range.
The market cap of Uniswap is estimated at $4,075,977,511. The 24 hour trading volume for this coin is approximately $59,762,584. The circulating supply of this coin is approximately 762,209,327 UNI.
Final thoughts
The performance of the global crypto market has improved as the inflow of capital continues. The latest changes show that the value of Bitcoin, Ethereum and others have improved. The capital inflow has brought strength to the emaciated market. The inflows have also strengthened the global market value which is estimated to be 824.56 billion dollars.
