The global crypto market is witnessing a pattern reversal; There is a dominant trend for profit. Increased capital inflows are driving Bitcoin, Ethereum and others. Since the market is characterized by a dominant downtrend, such changes lead to stagnation. If the uptrend strengthens, this will help the coin appreciate in value. Like the previous rising wave, a strong push is needed to help the market move higher.
The CEO of Titanium Blockchain pleads guilty to securities fraud. The case began in 2018 when he was accused of securities fraud for abusing the ICO on his platform. Michael Alan Stollery is CEO of Titanium Blockchain Infrastructure Services. The case reached its conclusion this week when he pleaded guilty to charges of securities fraud.
According to available updates, the ICO took place during the 2017 market boom. A statement from the US Department of Justice said he falsified parts of the project’s whitepaper and misled customers in the US and abroad. He publishes false information about cryptocurrency technology and opportunities, thereby giving investors the wrong impression of the opportunity.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and other altcoins.
BTC is gaining traction
Bitcoin falls again as the Fed tries to raise interest rates. The changes should limit the difficulties the US economy faces due to runaway inflation. It fell to a 1-week low as investor concerns mounted in anticipation of the changes ahead.
The latest data for Bitcoin shows a 0.33% gain in one day. The pattern change helped it turn bullish. Bitcoin’s weekly performance shows a loss of 8.98%.
The increase in inflows pushed the bitcoin price to the $21166.77 range. If we compare the market cap value for Bitcoin, it is estimated at $404,899,927,245. Bitcoin’s 24-hour trading volume is estimated at $27,099,809,503.
ETH continues its gains
There is an uptrend prevailing in the market as institutional investors continue to flock to it. They have shown reluctance to invest in Ethereum due to its constant decline in value. He had seen an increasing trend as he took control of the situation.
The value of Ethereum increases on capital inflows. The change helped it post a 0.83% gain in one day. In comparison, the weekly performance showed a loss of 6.93%.
The price value for ETH is in the range of $1433.63. If we look at the market cap value for this coin, it is estimated at $174,714,695,829. The 24-hour trading volume of this coin is around $17,252,481,103.
DOGE also returns losses
The value of Dogecoin is also showing signs of increasing. The latest data shows an additional 0.76% over the last 24 hours. In comparison, the performance for the last seven days showed a decline of around 9.39%. The recent inflows have increased its value, which is currently hovering around $0.06228.
The market cap value for DOGE is estimated at $8,274,005,454. The 24-hour trading volume of this coin is around $393,137,753. The same amount in local currency is approximately 6,303,825,453 DOGE.
AVAX is still bearish
The avalanche has yet to recover from the losses. The latest data shows it has lost 0.40% in one day. In comparison, the seven-day performance showed a loss of 18.34%. The price value for this coin is in the range of $20.42.
If we compare the market cap value for AVAX, it is estimated at $5,816,337,317. The 24-hour trading volume of this coin is around $402,484,738. The circulating supply of this coin is approximately 283,971,717 AVAX.
The global crypto market is seeing positive changes as capital inflows change its performance. Recent changes have given him a significant advantage. The value of Bitcoin, Ethereum and other altcoins increases as profits soar. The value of global market capitalization has also improved. Its current value is $973.83 billion. It takes a huge push to surpass $1 trillion.