Bitcoin, Ethereum, Shiba Inu, and Avalanche Daily Price Analyses – 27 June Roundup

The development of the global crypto market suggests that the hard times could continue. The data for Bitcoin, Ethereum and other coins suggests that the value has not improved over the last day. Also, the market hasn’t experienced a major drop in value, which has encouraged investors. The smaller losses prevent the sell-offs, giving investors hope. It remains to be seen how the market will change its behavior in the coming days.

Crypto has continued to expand its scope to various areas in real life. One of them is the Vibe Bio blockchain, which is intended to be used in the pharmaceutical industry. According to the CEO of Vibe Bio, they have plans to revolutionize the trillion dollar pharmaceutical industry. Alok Tayi spoke to The Scoop about this DAO and how it has plans for real-world benefits.

Catalonia has also announced its Metaverse. According to their innovation minister, they plan to take advantage of the new technologies and will work to create a technology-friendly environment for innovators and technology developers.

Here is a brief overview of the current market situation, analysis of the performance of Bitcoin, Ethereum etc.

BTC continues to decline

Bitcoin has been in a bearish market for some time. The global market hasn’t seen a big change in value either. According to the latest updates, the stock market balance remains at a 3-year low, showing that it will soon turn bullish. The fight to return to previous highs has continued and is doing its best to make it happen.

BTCUSD 2022 06 28 07 19 35
Source: TradingView

The latest data for Bitcoin shows it is down 2.31% over the past 24 hours. The weekly performance also shows a loss in value of +0.41%. The recessionary march has also impacted its share price.

The current price value for Bitcoin is in the $20,595.85 range. If we compare the market cap value for Bitcoin, it is estimated at $392,947,343,042. Bitcoin 24-hour trading volume is approximately $21,005,120,136.

ETH is likely to fall further

Ethereum has experienced a drop in value due to the changing market situation. It has garnered support from NFTs and other digital assets, which continue to use its platform for transactions. Exchanges like BTSE have announced plans for BTC and ETH products that will stimulate customers.

ETHUSDT 2022 06 28 07 20 15ETHUSDT 2022 06 28 07 20 15
Source: TradingView

Ethereum has continued to lose value as it is down 3.42% in the last day. Weekly performance is no better as it has reduced gains to 4.60%. The changes have resulted in more casualties.

The price value for ETH sits around $1,172.61 as losses continue. The market cap value for this coin is estimated at $142,267,822,795. The 24-hour trading volume of this coin is approximately $12,428,554,473.

SHIB sees further decline

Shiba Inu has also taken a hit as losses rose to 5.33%. Weekly performance is still consolidating as it held gains at 32.18%. The changes have led to an impairment. The current price value for this coin is around $0.00001071.

SHIUSDT 2022 06 28 07 20 40SHIUSDT 2022 06 28 07 20 40
Source: TradingView

The market cap value of this coin is around $5,878,919,744. The 24-hour trading volume of this coin is approximately $506,050,022. The same amount in its value is about 47,262,676,869,573 SHIB.

AVAX from turbulence

Avalanche also struggled as the market declined. The changes have resulted in a 5.18% loss over the past 24 hours. Weekly performance shows the maintenance of gains of 12.61%. The price value for this coin is approximately $18.87.

AVAXUSDT 2022 06 28 07 21 49AVAXUSDT 2022 06 28 07 21 49
Source: TradingView

If we look at the market cap value for AVAX, it is estimated at $5,323,423,281. The 24-hour trading volume of this coin is approximately $432,138,597. The circulation supply of this coin is approximately 282,076,249 AVAX.

Final Thoughts

The global crypto market has depreciated as the recession deepened. Currently, the level of losses is not that great, but it will slowly pick up momentum if it continues like this. The changes for Bitcoin, Ethereum and others suggest that if the bear market continues, the market could face another crisis. The value of the global market cap has also dropped as it is currently valued at $925.72 billion.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not liable for any investments made based on the information provided on this page. We strongly recommend independent research and/or advice from a qualified professional before making any investment decisions.

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