The global crypto market is facing shifts in capital inflows but is maintaining its gains. Recent data shows that Bitcoin has seen a downtrend in capital inflows but has not turned bearish. In comparison, Ethereum is facing a negative trend as it has turned bearish. The rest of the market is uncertain as different coins behave differently. It remains to be seen how the market will behave in the coming hours.
A senior Ukrainian official commented on the crypto asset, calling it important. The most important feature of crypto is its cross-border transactions, making it convenient for international use. This is a quick, easy, and convenient solution. This further proves its relevance in the war between Russia and Ukraine as the flow of donations via crypto to Ukraine continues.
Alex Bornyakov comments on the use of cryptocurrencies in this war and how the donation has proven useful. He said that even though the market has collapsed, people are still donating through crypto. He also shared Ethereum and Bitcoin addresses where their war effort could be supported. Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and others.
BTC trading below $24K
Bitcoin has continued near the $24K level as the gains have kept it afloat. The recent changes have allowed Bitcoin to exit the fear zone, but it needs to add value. The increase will help it inch closer to the previous highs.
The latest data for Bitcoin shows that it has added 0.08% over the last 24 hours. The weekly data shows an addition of 6.43%. The increase has helped it retain its position at a substantial point.
The price value for Bitcoin is in the $23,845.68 range. If we compare the market cap value for Bitcoin, it is estimated to be $455,845,514,477. The 24-hour trading volume of Bitcoin is about $27,880,817,794.
ETH affected by bearishness
Ethereum merge has proved a good omen for users as the price value has significantly increased. The question before market analysts is how far Ethereum can go before the final merge takes place. It would be something that no one is sure about, but a considerable rise in its value is expected.
The value of Ethereum has seen fluctuations over the last 24 hours. The latest data shows that it has shed 0.39% in the last 24 hours. The weekly performance shows an addition of 9.47%.
The current price value for ETH is in the $1,703.60 range. If we compare the market cap value for this coin, it is estimated to be $207,442,240,856. The 24-hour trading volume of this coin is about $14,913,005,115.
AR continues to grow
Arweave has also seen a considerable increase in value as the influx of capital continues. It has added 9.70% over the last 24 hours. The seven-day data shows an addition of 9.79%. The mentioned increase has brought its price value to the $15.13 range.
If we look at the market cap value for AR, it is estimated to be $509,997,049. The 24-hour trading volume of this coin is about $78,960,934. The same amount in its native currency is about 170,377 AR.
CELO adds gains
Celo has also remained bullish as the market has continued to grow. The increase has brought an addition of 4.82% over the last 24 hours. The weekly performance shows that it has added 10.44%. The increase has brought its price value to the $1.04 range.
The market cap value for CELO is estimated to be $472,446,832. The 24-hour trading volume of this coin is about $50,036,787. The circulating supply of this coin is about 450,833,963 CELO.
The global crypto market has seen a continuation in its gains. These have helped it retain its value as there has been little change. The value of Bitcoin and other major names has remained almost unchanged, showing the balance between efflux and influx. Retaining equilibrium has helped maintain the global market cap value unchanged; It is currently estimated to be $1.10 trillion.