The global crypto market has returned to usual business as it turned bullish. The recent changes for Bitcoin, Ethereum, and others show considerable change. As the market has witnessed fluctuations over the recent days, there has been a recessive trend. Now, the impacts of the collapse of FTX and other major events are eventually lowering, there has been a sigh of relief in the market. The market would have to struggle hard to cope with the ongoing situation as it needs a strong push to improve.
Crypto stablecoin issuer Circle has added Apple Pay support. The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlement. While the crypto businesses will also be able to engage with non-crypto-using customers. Circle, the issuer of US Dollar pegged stablecoin USDC had plans to bring crypto and traditional payments systems together. The company made the announcement on 15 November, suggesting that it may boost sales for crypto-native businesses.
According to Circle the new addition to its services will help traditional businesses to shift to crypto. Apple Pay is available to eligible businesses and claims to have a simple process. Furthermore, Apple has more than 1.8 billion active devices and Apple Pay is one of the most used digital wallets in the US. The mentioned company is second on the list to PayPal, which is the leading name.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Ethereum, and others.
BTC gains momentum
Bitcoin price is stuck below $17K and there could be a decent increase in value if it crosses this level. The mentioned coin has made several attempts to recover its value but hasn’t been successful so far. There could be a decent increase if it is able to cross this level.
The recent changes for Bitcoin show a significant increase in its value. The latest data shows that it has added 0.90% over the last day. The weekly performance of Bitcoin shows a loss of 8.26%.
The price value of BTC is currently in the $16,881.62 range. The market cap value of this coin is estimated to be $324,271,187,183. The 24-hour trading volume of Bitcoin is about $35,557,689,933.
ETH turns green
FTX hacker is one of the largest ETH holders according to the available information. The hacker who used an exploit to steal funds from the now-bankrupt FTX has emerged as the 35th largest owner of Ethereum.
The performance of Ethereum has also shown a positive trend. The recent changes show that it has added 0.23% over the last 24 hours. The weekly performance shows that it has receded by 4.87%.
The price value of ETH is currently in the $1,261.57 range. The market cap value of this coin is estimated to be $154,382,937,137. The 24-hour trading volume of the same coin is about $11,340,630,454.
The value of Tron is likely to increase further as it has seen a rise in gains. The latest data shows that it has added 0.08% over the last 24 hours. The weekly performance of this coin shows that it has shed 13.35%. The price value of TRX is currently in the $0.05092 range.
The market cap value of Tron is estimated to be $4,695,112,119. The 24-hour trading volume of this coin is about $434,015,079. The same amount in its native currency is about 8,559,765,975 TRX.
AVAX in recovery mode
Avalanche has also made attempts to recover the value that it shed recently. The recent changes show that it has added 2.12% over the last 24 hours. The weekly performance of this coin shows a loss of 12.66%. The price value of AVAX is currently in the $13.60 range.
The market cap value of Avalanche is estimated to be $4,086,939,802. The 24-hour trading volume of this coin is about $162,124,103. The circulating supply of this coin is about 300,539,435 AVAX.
The global crypto market has witnessed a positive change in value over recent hours. The performance of Bitcoin, Ethereum, and others shows gains. As the market has gained traction, there has been a significant increase in investor gains. The recent changes have also benefitted the global market cap value as it is currently estimated to be $848.76 billion.