The global cryptocurrency market has seen a positive trend in recent hours. The performance of Bitcoin, Ethereum, etc. shows the continued inflow of funds. The power of the market has grown considerably as the inflows have continued. This positive change was expected for some time and has already started to happen, forming a recurring pattern. The increase in market value has brought renewed confidence in the market. If the current pattern continues, the market could grow significantly.
The newly formed dynamics between Twitter, Binance, and DOGE may give the market a new impetus. Binance said it plans to form an internal team that will leverage blockchain technology and assist Twitter in developing the upgrade. The aforementioned team will also investigate the bot issue on Twitter. Binance has a vested interest in Twitter by investing around $500 million in Twitter. As of October 29, Binance announced the formation of a team to work with Twitter.
The team plans to bring on-chain solutions to the robotics problem. The robotics issue has also become a point of contention in the controversial deal as Musk tries to cancel it. The social media platform also partners with Rarible, Magic Eden, Dapper Labs and Jump.trade. These NFT marketplaces will help Twitter integrate NFTs called NFT Tweet Tiles.
Below is a brief overview of current market conditions, analyzing the performance of Bitcoin, Ethereum, and more.
BTC stays green
Costa Rica is considering a tax exemption for bitcoin transactions. Costa Rican lawmakers are working to make the country a bitcoin-friendly country and are proposing to drastically reduce bitcoin taxes.
Recent changes in Bitcoin suggest a continuation of positive changes. The latest data shows that it has increased by 0.30% in the past 24 hours. Weekly figures show an increase of 8.18%.
The price of BTC is currently in the $20,782.03 range. Bitcoin’s market cap is estimated at $398,713,374,732. Bitcoin’s 24-hour trading volume is around $40,081,848,476.
The Ethereum censorship debate has heated up as censorship blocks reach 65%. Martin Kopplemann, founder of Gnosis safe, discussed the importance of censorship status on Twitter. One question is whether it’s a fud or a simple fix.
Ethereum’s performance is also showing a positive trend. The latest data shows that it has increased by 3.03% in the past 24 hours. Weekly data showed an increase of 23.26%, showing an astonishing speed.
The price value of ETH is currently in the $1,617.95 range. The coin has an estimated market cap of $197,994,985,140. The 24-hour trading volume of this coin is around $21,293,115,110.
Kava’s performance is also showing a positive trend. The latest data showed that it rose 0.18% from the previous day. Weekly figures show an increase of 4.44%. The positive trend has pushed the price of KAVA to the $1.51 range.
The market cap of Kava is estimated at $461,145,732. The 24-hour trading volume for this coin is around $15,757,486. The same amount in national currency is approximately $10,478,513 KAVA.
Casper’s value has fallen due to capital outflows. The latest data shows that it has lost 3.89% in the past 24 hours. Weekly figures show it has fallen 7.97%. The price of CSPR is currently in the $0.04052 range.
Casper has an estimated market cap of $423,633,308. The 24-hour trading volume for this coin is around $20,562,398. The circulating supply of the same coin is approximately 10,470,701,848 CSPR.
The performance of the global cryptocurrency market has improved due to the continued influx of capital. Continued changes strengthen the market as it requires inflows. The strengthening of capital has brought benefits to investors who have been facing difficulties for some time. Global market capitalization has also grown substantially. The latest figures put it at an estimated $1.02 trillion.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not responsible for any investments made based on the information provided on this page. We strongly recommend doing independent research and/or consulting a qualified professional before making any investment decision.
Source of information: Compiled from CRYPTOPOLITAN by 0x Information.The copyright belongs to the author Muhammad Ali and may not be reproduced without permission