Bitcoin, Ethereum, XRP and Polkadot Daily Price Analysis – December 10 Roundup

The global crypto market has seen a positive change in performance in recent hours. The performance of Bitcoin, Ethereum and others shows a significant improvement. As the market has continued to be bullish, there has been a significant change in value. Most of the traders are in the market for gains and they have added additional capital to exploit the opportunity. The capital inflow will strengthen the market as the bullish trend continues. The market must get rid of continuous fluctuations if it needs stability.

A Supreme Court case could have a lasting impact on Facebook and other social media, allowing blockchain to replace them. If the Supreme Court strikes down Section 230, it will become significantly more difficult for centralized social media companies to operate. The internet has gone wrong, and companies are constantly improving their ad conversion monitoring. The aforementioned factor has led to fraud and other problems affecting users.

Giants like Google and Facebook have a monopoly on digital identities and their verifications. The status quo suits them in the form of § 230. Things can change if the Supreme Court makes its decision in Gonzalez vs. Google. The said case may totally eliminate or replace the section and it will have an impact on centralized social media platforms.

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

BTC regains strength

Grayscale Investments has said in a statement that the SEC filed its first legal document in an ongoing Bitcoin futures ETF lawsuit. The SEC has emerged as a giant in the control of crypto and blockchain as the market took a sharp turn. The collapse of FTX and others has created a huge liability for the SEC and CFTC.

The performance of Bitcoin has shown significant improvement in recent hours. The latest data shows that it has increased by 0.04% in the last 24 hours. The seven-day data shows that Bitcoin has added 1.07%.

The price value of BTC is currently in the area of ​​$17,159.78. The market value of Bitcoin is estimated to be $329,989,606,102. The 24-hour trading volume for Bitcoin is around $12,430,578,661.

ETH is turning bullish

Ethereum gas fees have increased as Binance moves funds to PoR. According to available reports, gas costs have recently risen to around 233 GWEI. The increase in gas taxes will impact the overall market as it continues to struggle amid turbulence.

The value of Ethereum is likely to improve as a result of improvement in the inflow of capital. The latest data shows that it has increased by 0.42% in the last 24 hours. The weekly performance shows that it has increased by 0.98%.

The price value of ETH is currently in the area of ​​$1,270.54. The market value of this coin is estimated to be $155,480,476,010. The 24-hour trading volume for the same coin is approximately $3,168,445,066.

XRP reduces losses

The value of XRP is likely to improve as it has shown signs of reducing losses. The latest data shows that it has fallen 0.17% in the last 24 hours. The seven-day data shows that it has decreased 0.78%. The price value of XRP is currently in the range of $0.3879.

The market cap of XRP is estimated to be $19,548,017,219. The 24 hour trading volume for this coin is approximately $315,059,379. The same amount in its original currency is approximately 812,211,383 XRP.

DOT remains bearish

Polkadot has also been in a bearish mood as it is still lingering in losses. The latest data shows that it has decreased by 0.12% in the last 24 hours. The seven-day data shows that it has gone down 4.48%. The price value on DOT is currently in the $5.29 range.

The market cap of Polkadot is estimated at $6,059,928,724. The 24 hour trading volume for this coin is around $94,841,605. The circulating supply of the same coin is approximately 1,145,684,807 DOT.

Final thoughts

The global crypto market has witnessed a positive change in performance in recent hours. The performance of Bitcoin, Ethereum and others has shown significant improvement. As the market has witnessed recovery, there has been an increase in capital inflows. The global market capitalization has also improved as it is estimated at $855.94 billion.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com has no responsibility for investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.