The global crypto market has seen a decline in value as the inflow of capital has dwindled. Recent changes for Bitcoin, Ethereum and others show a dominant pattern of losses. The changes in the market became evident over the past few hours as the market began to pare its gains. Market swings remained typical as the market was unable to maintain positive momentum. The market should turn bullish as soon as the alternation of positive and negative trends continues.
The US trustee asked the bankruptcy court to appoint an FTX trustee. A US government attorney has asked the Delaware court to appoint an independent investigator to the pending bankruptcy court. The examiner will review the details of the case to find any discrepancies. In a Dec. 1 court filing, the U.S. trustee cited an unprecedented drop in value as well as comments from FTX CEO John Ray III as reasons to appoint an independent reviewer.
FTX Digital Markets has also filed for bankruptcy protection in the Bahamas. The Bahamian government has indicated that it does not intend to go through the process to have an impact on the whole. FTX filed for bankruptcy on November 11, which revealed a chaotic corporate world. In addition, the former CEO of SBF has made several media appearances.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum and others.
BTC becomes recessive
Bitcoin revenue continued to decline in the month of November. The available data shows that it has fallen by 20%. Bitcoin miners generated approximately $472.64 million in revenue in November. The mentioned data shows that it is 19.9% compared to the previous month.
Recent changes for Bitcoin show a recessive trend. The latest data shows that it has lost 1.23% in the past 24 hours. Weekly data shows Bitcoin added 2.50%.
The price value of BTC is currently in the range of $16,914.64. The market capitalization value of Bitcoin is estimated at $325,135,688,229. Bitcoin’s 24-hour trading volume is approximately $22,397,249,880.
ETH on the losing side
The CFTC Chairman also changed his mind on the issue of Ethereum as a commodity. Rostin Benham’s stance on crypto differs from Gary Gensler’s, but it seems to have changed after years. There has been a long-standing debate over whether Bitcoin, Ethereum and others are commodities or securities.

Ethereum’s value has also continued to drop in recent hours. The latest data shows that it has fallen 1.26% in the past 24 hours. Weekly data shows it added 7.08%.
The price value of ETH is currently in the range of $1,271.01. The market value of this coin is estimated at $155,538,662,791. The 24-hour trading volume of the same coin is around $6,618,328,296.
XTZ changes direction
Tezos also trended recessively over the past few hours as it was unable to sustain its gains. The latest data shows that it has lost 1.24% over the past day. Seven-day data shows it added 1.07%. The price value of XTZ is currently in the range of $0.9975.

The market capitalization value of Tezos is estimated at $916,084,467. The 24-hour trading volume of this coin is around $15,446,289. The same amount in its original currency is around 15,496,675 XTZ.
Bearish AAVE
Aave also suffered losses as the market turned bearish. The latest data shows that it has lost 2.33% in the past 24 hours. Seven-day data shows it added 10.09%. The price value of AAVE is currently in the range of $62.95.

The market capitalization value of Aave is estimated at $887,105,180. The 24-hour trading volume of this coin is around $59,251,627. The circulating supply of the same coin is approximately 14,093,193 AAVE.
Final Thoughts
The global crypto market has seen a decline in value over the past few hours. The latest data shows that Bitcoin, Ethereum and others faced a negative trend. The change in performance resulted in an opposite trend for the value of global market cap as it retreated. The latest data shows that it is estimated at $851.73 billion. If the negative trend continues, it is likely to continue falling.