HomeAltcoinsBitcoin, Ethereum, Dogecoin, and Cardano Daily Price Analyses – 2 November Roundup

Bitcoin, Ethereum, Dogecoin, and Cardano Daily Price Analyses – 2 November Roundup

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The global crypto market has witnessed a negative change as it continues to lower its value. The recent changes for Bitcoin, Ethereum, and others show that there has been a continuing trend of losses. The market has made several attempts to recover value, but it hasn’t been able to do so. The market might be facing problems due to the recent hike in interest rates by Fed. There was an anticipation of problems complicating it if the Fed continues to hike interest rates.

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

BTC in reversal mode

Bitcoin has tumbled with stocks following the Fed chair’s remarks on inflation. Jerome Powell, the Fed chair said that more hikes were likely. There had been a significant improvement in Bitcoin value over recent days, but the ongoing situation might reverse it.

Bitcoin, Ethereum, Dogecoin, and Cardano Daily Price Analyses – 2 November Roundup
Source: TradingView

The recent data for Bitcoin shows the continuation of the negative changes. The latest data shows that it has shed 1.23% over the last 24 hours. The weekly performance shows that Bitcoin has receded by 2.30%.

The price value of BTC is currently in the $20,267.83 range. The market cap value of Bitcoin is estimated to be $388,704,775,025. The 24-hour trading volume of Bitcoin is about $55,497,237,002.

ETH continues to regress

Singapore has tested institutional DeFi on Ethereum and welcomed USDC issuer. An official from the mentioned country said that it is a huge signal from a central bank. There has been a trend of lag from various countries to move forward with their crypto/DeFi plans.

Bitcoin, Ethereum, Dogecoin, and Cardano Daily Price Analyses – 2 November Roundup
Source: TradingView

The value of Ethereum has continued to face downward pressure. The latest data shows that it has shed 3.00% over the last 24 hours. The weekly performance of this coin shows a loss of 1.43%.

The price value of ETH is currently in the $1,540.29 range. The market cap value of this coin is estimated to be $188,117,601,314. The 24-hour trading volume of the same coin is about $23,596,922,121.

DOGE lowering losses

Dogecoin has seen an improvement in value over recent hours. The latest data shows that it has lowered its losses to 6.63% over the last 24 hours. The weekly performance shows that it has added 81.79%. The price value of DOGE is currently in the $0.1321 range.

Bitcoin, Ethereum, Dogecoin, and Cardano Daily Price Analyses – 2 November Roundup
Source: TradingView

The market cap value of Dogecoin is estimated to be $17,438,043,356. The 24-hour trading volume of this coin is about $4,605,728,279. The same amount in its native currency is about 35,040,943,442 DOGE.

ADA still in losses

The performance of Cardano has continued to show a negative trend. The latest data shows that it has regressed by 2.19% over the last 24 hours. The weekly performance shows a loss of 3.44%. The price value of ADA is currently in the $0.3915 range.

Bitcoin, Ethereum, Dogecoin, and Cardano Daily Price Analyses – 2 November Roundup
Source: TradingView

The market cap value of Cardano is estimated to be $13,427,494,324. The 24-hour trading volume of this coin is about $731,851,948. The circulating supply of this coin is about 34,330,911,457 ADA.

Final Thoughts

The global crypto market has seen a trend of losses over recent hours. The latest data shows that Bitcoin, Ethereum, and others have continued to recede. The negative trend has been spurred by the Fed rate hike. There is a likely chance of the negative trend continuing. The global market cap value has also been affected. The latest data shows that it is estimated to be $1.00 trillion. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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