The situation of the global crypto market has remained encouraging as new gains continue. The value of Bitcoin, Ethereum, and other coins in the market saw enhancement. The changes are much better than the past few days, which saw a recession due to increasing sell-offs. These gains have enhanced the global market cap value. It is yet to be seen how long this streak of gains will continue.
The global crypto market has seen one of the latest hefty hacks as Harmony’s Horizon bridge has been hacked. According to available updates, the amount of theft equals $100 million. It is a bridge between Bitcoin, Binance Chain, and Ethereum. The available tokens were swapped for ETH and then transferred to an unknown wallet.
The current hack justifies the community’s concerns regarding this chain’s security. The hack started at 7:08 AM and lasted until 7:26 AM, and during this while, transactions were made. Also, the Bitcoin bridge wasn’t affected during the hack, which remains safe.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and other altcoins.
BTC maintains the streak
Coinbase has introduced new plans for Bitcoin investment as the market has begun to improve. According to the latest updates, Coinbase will launch Bitcoin ‘Nano’ futures through a derivative exchange. It has pursued the CFTC approval, and once it is granted, it will start the futures valued 1/100th of a Bitcoin.
The latest data for Bitcoin shows that it has added 3.24% over the last 24 hours. The gains have continued to grow as its weekly performance shows an additional 1.92%. Bitcoin’s stay at $20K has helped it attract gains.
The price value for Bitcoin is in the $21,081.81 range, which might grow further. The market cap value for Bitcoin is also improving as it has reached $402,517,731,535. The 24-hour trading volume of Bitcoin is about $25,550,591,509.
ETH adds further
Ethereum is working on the ‘Gray Glacier’ upgrade, which will enhance its services. On the other hand, some investors are worried about whether it will affect their investments. It has shown promise over the last few days while Bitcoin has struggled due to the tough market situation.
Ethereum has been moving rapidly as it has added 5.92% over the last day. If we look at its weekly performance, the gains have improved to 5.11%. The continuation of pace has helped it enhance value.
The price value for ETH is also on its way to improving, as it is currently about $1,153.69. The market cap value for this coin is about $139,920,667,778. The 24-hour trading volume of this coin is about $14,428,479,552.
HOT skyrockets
Holo has continued to move at furious speed as it has added 5.13% over the last day. The gains for its previous week amount to 11.55%. Its growth has helped attract further gains as the investors feel secure about their capital. The result has been a rise in its price value which is currently about $0.002282.
The market cap value for HOT is estimated to be $395,469,069. The 24-hour trading volume of this coin remained at $25,417,811. The same amount in its native currency equals 11,140,271,536 HOT.
AMP breaks the streak
Amp hasn’t been able to continue with gains as it has shed 3.01% over the last day. The weekly performance of this coin shows that it has added 1.93%. The latter value has eroded and might be affected further if the losses continue. The price value for this coin is in the $0.009241 range.
If we look at the market cap value for Amp, it is estimated to be $390,219,671. The 24-hour trading volume of this coin is about $7,352,241. If we take a peek at the circulating supply of this coin, it is about 42,227,702,186 AMP.
Final Thoughts
The global crypto market has continued to grow in value as the influx of capital continues. The changes have resulted in helping raise the investor trust levels. The changes have translated to value increase as well on the collective level. The global market cap value is estimated to be $936.53 billion. It is expected to rise further as the market is bullish.
