Bitcoin, Ethereum, Cardano, and Litecoin Daily Price Analyses – 8 December Roundup

The global crypto market has seen a positive change as it continues to grow. The recent changes for Bitcoin, Ethereum, and others show that the market has continued forward march. The ongoing changes show that the market is likely to continue its progress. The positive stats have attracted investors who were looking for a suitable situation for their investments. As the positive changes continue, the market is likely to strengthen further.

FEC probe has been demanded after SBF admitted that he had made dark money donations. Sam Bankman-Fried had previously told crypto vlogger Tiffany Fong that all his Republican donations were ‘dark.’ A watchdog group has demanded an investigation into SBF’s political donations, as he had donated millions of dollars to Republicans under the table. The mentioned action is a violation of federal law that prohibits it. The Citizens of Responsibility and Ethics (CREW) filed the complaint with the Federal Election Commission.

The mentioned group has cited the comments made by SBF in his statement on 29 November. The CREW senior vice-president said that the SBF said that quite part out loud. He further added that he admitted the violation of federal laws which have been made to ensure transparency. As the rules are there to ensure election transparency, those who violate it should be held accountable.

Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum, and others.

BTC trying to push beyond $17.2K

Grayscale Bitcoin Trust’s discount to NAV widens to a new record high. Shares of the Grayscale Bitcoin Trust allow investors to gain exposure to Bitcoin’s price action in a traditional manner. While Bitcoin and Ethereum have jumped in value as the result of recent jobs report release.

The recent changes for Bitcoin suggest the continuation of the positive trend. The latest data shows that it has added 2.45% over the last 24 hours. The seven-day data shows that Bitcoin has added 1.91%.

Source: TradingView

The price value of BTC is currently in the $17,236.40 range. The market cap value of Bitcoin is estimated to be $331,429,380,106. The 24-hour trading volume of Bitcoin is about $20,776,043,588.

ETH on a speedy rise

Ethereum developers have planned to enable staked ETH withdrawals by March 2023. Ethereum core developers have targeted spring for the network’s upcoming Shanghai upgrade. They have also made arrangements for users to get their money.

ETHUSDT 2022 12 09 07 26 17
Source: TradingView

The performance of Ethereum has also continued to improve as a result of the bullish trend. The latest data shows that it has added 4.41% over the last day. The weekly performance shows that it has added 0.91%.

The price value of ETH is currently in the $1,282.31 range. The market cap value of this coin is estimated to be $156,920,641,628. The 24-hour trading volume of the same coin is about $6,468,376,710.  

ADA continues to improve

The performance of Cardano has seen a bull run as the result of a favorable situation. The latest data shows that it has added 2.18% in a day. The seven-day data shows that it has added 0.74%. The price value of ADA is currently in the $0.3151 range.

ADAUSDT 2022 12 09 07 26 35
Source: TradingView

The market cap value of Cardano is estimated to be $10,857,380,632. The 24-hour trading volume of this coin is about $156,984,234. The same amount in its native currency is about 498,150,914 ADA.

LTC continues bullish

The value of Litecoin has risen considerably as it continued to attract gains. The latest data shows that it has added 2.48% over the last day. The seven-day performance shows that it has added 2.46%. The price value of LTC is currently in the $78.05 range.

LTCUSDT 2022 12 09 07 27 46
Source: TradingView

The market cap value of Litecoin is estimated to be $5,602,732,562. The 24-hour trading volume of this coin is about $619,550,511. The circulating supply of the same coin is about 71,788,119 LTC.

Final Thoughts

The global crypto market has seen a positive trend over recent hours. The performance of Bitcoin, Ethereum, and others improved considerably as a result of new changes. As the market has gained momentum, there has been a rise in its value. The investors have also seen an increase in their gains. The global market cap value is estimated to be $859.71 billion.


Be the first to comment

Leave a Reply

Your email address will not be published.


*