The cryptocurrency market represents the beginning of a new phase of technology-driven markets that have the potential to disrupt conventional market strategies, longstanding business practices, and established regulatory perspectives—all to the benefit of consumers and broader macroeconomic efficiency.
Cryptocurrencies are enabling new ways to buy and sell goods, which in turn will reduce waste and increase efficiency in the global supply chain. We’re on the cusp of a world where billions of people have access to cryptocurrencies that can be used to pay for things they need and want, anytime, anywhere.
An overview
- Over the past 24 hours, the global crypto market has added 2.57%.
- Bitcoin added 3.49% in a day, showing bullishness.
- Ethereum’s value also shows a trend of gains, as it increased by 2.58%.
- Both Hedera Hashgraph and Tezos have gained 1.13% and 1.56%, respectively.
As a result of the bullish trend, the global crypto market has continued to attract investments. Hedera, Bitcoin, Binance Coin, and others have retained gains in recent hours. There has been a fluctuation in their value, but little negative change has occurred.
There has been an alternating pattern of bullish and bearish movement in the market. Market value has increased since the recent changes, but bearishness is still possible. The market has continued to risk its gains to bearishness due to the unstable geopolitical situation worldwide.
A new MasterCard product is designed to help banks combat crypto-related crimes. CryptoSecure is the name of MasterCard’s new software. Powered by CipherTrace, the software can identify and block fraudulent transactions via crypto exchanges for banks and cardholders. In order to assess the risk of crime associated with crypto exchanges, the new product uses a sophisticated synthetic algorithm.
By integrating artificial intelligence, cyber, and blockchain capabilities to provide crypto stakeholders with digital asset security, the software runs on the CipherTrace blockchain. In October 2019, MasterCard acquired CipherTrace. When banks and other card issuers use this platform, they will see a dashboard displaying the severity of crypto-related risks.
An overview of the current market situation, including Hedera HBAR, Bitcoin, Ethereum, and others, is provided below:
The price of Bitcoin remains at $20K
As Bitcoin’s bounce coincides with a potential macro reversal, hope is being generated. Bitcoin’s accumulation level reached a seven-year high during the extreme bullish wave. Investors are encouraged by the current surge, which is similar to the one seen in 2015.
Bitcoin’s recent changes indicate that the bullish trend will continue. According to the latest data, it has gained 3.49% over the past day. Bitcoin’s weekly data shows an increase of 7.80%.
As the bullish trend continues, Bitcoin’s price value has increased to $20,209.58. Bitcoin has a market cap of $387,466,772,325. Around $36,129,569,470 worth of Bitcoin is traded 24 hours a day.
Crypto ETH eyeing $1,400
A charity giveaway of Ethereum NFTs has been announced by actor Scott Eastwood. According to Clint Eastwood’s son, he was hesitant to jump on this bandwagon at first but later changed his mind. A new wallet is also being set up for NFTs belonging to Three Arrows Capital.
As a result of continued gains, Ethereum’s value has also increased. Over the last 24 hours, there has been an increase of 2.58%. A 5.44% increase is shown in the weekly data.
ETH’s price value has reached $1,354.66 as capital continues to the influx. Approximately $166,172,770,436 is the market cap value of this coin. A 24-hour trading volume of $10,188,078,078 is recorded for this coin.
Hedera HBAR fluctuates
Hedera Hashgraph’s performance has fluctuated. According to the latest data, it has added 1.13% over the past day. Over the past seven days, it has gained 1.05%. HBAR’s price value is currently $0.05815 due to the enhancement of gains.
The market cap value for Hedera Hashgraph is estimated to be $1,335,697,769. The 24-hour trading volume of this coin is about $34,509,967. The exact amount in its native currency is about $593,420,717 HBAR.
XTZ continues to grow in popularity
Conclusions
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