The global crypto market saw a boost as gains extended to 3.43% over the last day. The value of bitcoin earnings also rose to 2.12%. Ethereum’s performance change also showed an increase as it rose 9.77%. ApeCoin and Hedera rose, up 2.69% and 1.64%, respectively.
The changes in the global crypto market are positive as investors have been demanding enough of them. These changes have helped bitcoin and altcoins regain value as there has been an upward trend in effect. Earnings appreciation helps revive a retreating coin, which benefits investors. Seller confidence falls when sales fall, giving way to increased inflow.
Bankruptcy has become one of the main prizes of the ongoing bear market. Various crypto companies have filed for bankruptcy. One of them was Voyager, who couldn’t stand the pressure and gave up. According to the available updates, Voyager has asked the court to honor the customer’s withdrawal. It is a crypto lending and brokerage platform with capital from commercial banks.
Voyager has a $350 million payment request to fulfill, according to official figures. It filed for bankruptcy last week because it was unable to proceed despite the bailout. According to him, he has $1.3 billion worth of crypto assets on his platform. Although it also claims that Three Arrows Capital owes more than $650 million.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and other altcoins.
BTC gaining strength
Bitcoin made a quick recovery shortly after the market turned bearish. This change is considered an indicator of the upcoming recovery rally. According to analyst Nicholas Merten, sellers continue to lose confidence, which will give Bitcoin an advantage despite the uncertain market.
The latest data for Bitcoin shows a 2.12% gain in the last day. If we compare Bitcoin’s weekly performance, it has reduced losses to 1.44%. This change causes Bitcoin to increase in value.
Bitcoin price value is in the range of $21,139.53 because it has experienced a bounce. The market cap value of Bitcoin is estimated at $403,849,871,201. The 24-hour trading volume for the same coin is around $24,836,065,862.
ETH sees improvement
News of Ethereum merging is proving to bode well for Ethereum as it is experiencing a rapid increase in value. It was up more than 12% in the early hours as its management announced a tentative date for its merger, citing continued development. The Beko team announced September 19 as the tentative date for the long-awaited merger.
The value of Ethereum is also on the rise as profits continue to increase. The latest data showed it was up 9.77% in the last day. If we compare the weekly performance, it is up 10.13%.
The price value for ETH has also increased as it is currently around $1336.81. If we look at the market cap value, it is estimated at $162,599,168. The 24-hour trading volume for the same coin is around $19,029,488,016.
APE returns losses
ApeCoin also saw an increase in value as the market turned bullish. The latest data showed it was up 2.69% in the last day. In comparison, the seven-day data show a loss of about 6.47%. This change has increased its price point, which is around $4.67.
The market cap value for the same coin is estimated at $1,397,494,674. The 24-hour trading volume for the same coin is around $287,324,450. The same amount in local currency is approximately 61,583,528 APE.
HBAR in a good mood
Hedera is also moving fast having made a significant profit. The latest data showed it was up 1.64% in the last day. Weekly performance showed a decline of 3.06%. The price value for the same coin is around $0.06554.
The market cap value for HBAR is estimated to be $1,381,939,556. The 24-hour trading volume of the same coin is about $16,664,644. The circulating supply of this coin remained at 21,084,776,584 HBAR.
The global crypto market is improving as the bullish current strengthens. The mentioned change has helped Bitcoin and altcoins regain strength. According to analysts, the current wave of bullishness might push the market forward. If these changes continue, they will also enhance the global market cap value. The current global market cap value is estimated to be $961.76 billion.