The global crypto market has seen a positive shift as it continues to grow. Recent changes for Bitcoin, Ethereum and others show that the market has continued its march forward. Ongoing changes show that the market should continue to rise. The positive statistics attracted investors who were looking for a suitable situation for their investments. As the positive changes continue, the market is expected to strengthen further.
An FEC investigation was called after SBF admitted it had donated black money. Sam Bankman-Fried previously told crypto vlogger Tiffany Fong that all of his Republican donations were “dark.” A watchdog group demanded an investigation into SBF’s political donations because it had donated millions of dollars to Republicans under the table. The mentioned action is a violation of federal law which prohibits it. Citizens of Accountability and Ethics (CREW) filed the complaint with the Federal Election Commission.
The mentioned group quoted SBF’s comments in its Nov. 29 statement. The Senior Vice President of CREW said the SBF said it out loud. He further added that he acknowledged the violation of federal laws that were made to ensure transparency. As the rules are there to ensure transparent elections, those who break them should be held accountable.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC tries to break above $17.2,000
Grayscale Bitcoin Trust’s reduction on NAV widens to a new all-time high. Grayscale Bitcoin Trust shares provide investors with exposure to Bitcoin’s price action in the traditional way. While Bitcoin and Ethereum surged in value following the recent release of the jobs report.
Recent changes for Bitcoin suggest the continuation of the positive trend. The latest data shows that it has added 2.45% over the past 24 hours. Seven-day data shows Bitcoin added 1.91%.
The price value of BTC is currently in the range of $17,236.40. The market capitalization value of Bitcoin is estimated at $331,429,380,106. Bitcoin’s 24-hour trading volume is approximately $20,776,043,588.
ETH on the rise
Ethereum developers have planned to allow staked ETH withdrawals by March 2023. Ethereum core developers have targeted spring for the next network upgrade in Shanghai. They have also made arrangements for users to receive their money.
Ethereum’s performance also continued to improve due to the uptrend. The latest data shows that it added 4.41% over the past day. The weekly performance shows that it added 0.91%.
The price value of ETH is currently in the range of $1,282.31. The market value of this coin is estimated at $156,920,641,628. The 24-hour trading volume of the same coin is around $6,468,376,710.
ADA continues to improve
Cardano’s performance saw a bull run following a favorable situation. The latest data shows that it added 2.18% in one day. Seven-day data shows it added 0.74%. The price value of ADA is currently in the range of $0.3151.
The market capitalization value of Cardano is estimated at $10,857,380,632. The 24-hour trading volume of this coin is around $156,984,234. The same amount in its original currency is approximately 498,150,914 ADA.
LTC continues to be bullish
Litecoin’s value rose significantly as it continued to attract gains. The latest data shows that it added 2.48% over the past day. The seven-day performance shows that it added 2.46%. The price value of LTC is currently in the range of $78.05.
The market capitalization value of Litecoin is estimated at $5,602,732,562. The 24-hour trading volume of this coin is around $619,550,511. The circulating supply of the same coin is approximately 71,788,119 LTC.
Final Thoughts
The global crypto market has been trending positively for the past few hours. The performance of Bitcoin, Ethereum and others has improved dramatically following new changes. As the market has grown, its value has increased. Investors also saw an increase in their earnings. The value of the global market capitalization is estimated at $859.71 billion.
