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Bitcoin, Ethereum, Casper, and Arweave Daily Price Analyses – 24 November Roundup

Bitcoin, Ethereum, Casper, and Arweave Daily Price Analyses – 24 November Roundup

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The global crypto market has once again faced a bearish wave due to a negative trend. The shift in performance has led to a recessive effect on Bitcoin, Ethereum and others. With the market unable to hold on to gains, investors should brace themselves for a bumpy ride. As the market continues to fluctuate, there is a chance that it will face further declines. Previous downward changes had led to a significant decrease in its value. In addition, the flow of capital to the market has also been affected by previous downturns.

Lemon Cash’s CEO expects more layoffs in the fintech industry in Latin America. Argentinian crypto app Lemon App has laid off 38% of its staff, which is about 100 people. However, the company’s CEO has warned of further redundancies if the current situation continues. The new layoffs are the last round for the region. Other big names that have announced layoffs include Bitso, Buenbit and 2TM.

Fintech companies have made layoffs to adapt to the changing market. In addition, they have been trying to raise funds to continue the business. Lemon App’s CEO said the company is looking for new capital in the next 10-12 months. He added that there is no other option and they have to resort to fundraising.

Here’s a quick look at the current market situation, analyzing the performance of Bitcoin, Ethereum and others.

BTC becomes recessive

The IMF has called for stricter crypto regulations as the industry develops. The rapid decline of Bitcoin and the collapse of multi-billion dollar companies have created chaos in the market. The collapse of FTX has become the main reason why states around the world are working on regulations.

Source: TradingView

Bitcoin’s recent changes indicate that it has turned bearish. The latest data shows that it has fallen 1.19% in the last 24 hours. Bitcoin’s weekly performance shows that it has fallen by 1.95%.

The price value of BTC is currently in the region of $16,533.48. Bitcoin’s market cap is estimated at $317,711,295,381. Bitcoin’s 24-hour trading volume is approximately $25,319,288,396.

ETH in losses

Ethereum developers have agreed on eight proposals for the Shanghai update. One of the main features of the update is the Beacon Chain’s staked Ether that will be unlocked. The new update is a major update since the Ethereum merger.

ETHUSDT 2022 11 25 08 26 09
Source: TradingView

The value of Ethereum has also decreased due to the outflow of capital. The latest data shows that it has fallen 0.15% in the last 24 hours. This coin has a weekly yield of 1.50%.

The price value of ETH is currently in the region of $1,193.65. This coin has an estimated market cap of $146,071,938,319. The 24-hour trading volume for the same coin is approximately $9,117,271,480.

CSPR is in decline

Casper’s value has decreased due to the unfavorable situation. The latest data shows that it has fallen 2.62% in the last day. Seven days data shows that it has added 6.64 percent. CSPR price value is currently in the $0.02928 range.

CSPRUDT ​​2022 11 25 08 26 31
Source: TradingView

Casper’s market cap is estimated at $308,232,997. The 24 hour trading volume for this coin is around $7,873,431. The same amount in its own currency is approximately 269,334,690 CSPR.

AR cannot retain profits

Arweave’s result also shows signs of weakening from the negative trend. The latest data shows that it has fallen 5.91% in 24 hours. The seven-day data shows a fall of 11.12%. The price value of AR is currently in the $8.97 range.

ARUDT 2022 11 25 08 26 54
Source: TradingView

The market cap of Arweave is estimated at $299,479,684. The 24 hour trading volume of this coin is around $30,743,095. The circulating supply of the same coin is approximately 33,394,701 AR.

Final thoughts

The global crypto market has experienced a drop in value as the market has changed direction. The latest data for Bitcoin, Ethereum and more shows a drop in value. The negative changes have affected capital flows. Due to the decrease in imports, the value of the global market value has decreased. According to the latest data, it is estimated at $832.30 billion.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not responsible for any investment 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.

Source: https://www.cryptopolitan.com/bitcoin-ethereum-casper-and-arweave-daily-price-analyses-24-november-roundup%EF%BF%BC/

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