The latest bullish run has added significant value to the crypto market. As of now, the global market cap has improved to a $916.02 billion. But that could change soon. India, the largest crypto market in the world due to its population, has implemented a 1% tax on crypto trade. Exchanges have seen a steady decline in trading volumes since July. However, it may change soon as India has yet to implement a crypto legislation. A brief analysis of Bitcoin, Ethereum, and EOS’ performance is given here.
With bullish vigor, the global crypto market has continued to move forward. Bitcoin and Ethereum have passed a crucial threshold level as a result of the recent changes. A considerable amount of value has been added to the market as the gains continue. Market losses have continued to plague the market after the bullish wave. Despite the fluctuations, the global market cap value has not changed.
BTC price crosses $20K USD with good news for Bitcoin miners
Global crypto market changes have affected bitcoin mining. Despite this, companies have continued to invest, and Intel is the latest. Some Bitcoin mining companies have received Blockscale ASIC chips from the company. There are some ultra-low-voltage, energy-efficient chips here. Over the last day, Bitcoin has gained 6.01%. The past seven days have shown a reduction in losses of about 2.01%. Since the market fluctuated for a while, these changes have continued. At the time of writing, Bitcoin is valued at $20,348.39. Bitcoin’s market cap is estimated at $389,143,348,445. Bitcoin’s 24-hour trading volume is about $22,410,311,322.
ETH mining predicted to be profitable again, with growing market cap
Ethereum mining has become more profitable over the past few months. Based on available data, Bitcoin revenues were much higher than Ethereum’s, but Ethereum has significantly improved over the past year. In contrast, Ethereum active addresses have reached 2020 levels, and some analysts predict the same for its price levels. Over the last day, Ethereum has also gained 7.52%. Also, the weekly performance has improved as it shed 3.30%. More gains would be needed to change this value to bullish. ETH is currently priced at $1,149.78. Ethereum’s market cap is estimated at $140,036,461,316. This coin’s 24-hour trading volume is $14,053,996,853.
Ethereum killer EOS continues bullish run
Over the past day, EOS has also seen a bullish day, adding 4.74%. Based on the weekly performance, this coin gained about 0.39%. As a result of these changes, its price has increased to $0.9867. EOS’s market cap is estimated at $980,345,406. Approximately $150,479,414 worth of this coin is traded every 24 hours. EOS is worth about 152,513,346 in its native currency.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
