Bitcoin, Ethereum, Avalanche, and Chainlink Daily Price Analyses – 25 November Roundup


The global crypto market has seen a significant change due to the incoming earnings. The influx of capital has strengthened Bitcoin, Ethereal, and others. The gaunt market had faced losses but has continued to show resistance to further decline. The downward pull had increased due to the collapse of the FTX exchange. The following days were difficult for the market in general, but the current scenario speaks of an improvement in the market. The market would need a continued inflow of capital to maintain its momentum.

Moles has encouraged his community to fight against scams. Polkadot protocol has come to connect different blockchains and has dedicated a special team to counter scams. The centralized anti-scam team will campaign against scammers in the ecosystem. Polkadot announced its plans on November 24 that it will begin an active campaign against scammers. Although Polkadot hasn’t been on the market very long, several fake websites have tried to impersonate it.

Fake giveaways or allocation tokens have been made to lure users to fake websites. The Web3 Foundation legal department has attempted to address this issue with fraudulent website takedown requests. However, the situation needs attention and can be addressed with the help of PhishFort, an anti-scam company that specializes in the cryptocurrency industry. In addition, Allure Security has also come together to fight against scams.

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

BTC crosses $16.6K

Bitcoin returns to normal despite weekly losses of significant value. There is broader market caution amid the FTX contagion as it continues without much difference. Investors have been wary of losses and have moved cautiously to benefit from incoming gains.

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Recent changes to Bitcoin show an optimistic scenario. The latest data shows that it has added 0.85% in the last 24 hours. Bitcoin’s weekly performance shows an addition of 0.20%.

The price value of BTC is currently in the range of $16,635.31. The market capitalization value of Bitcoin is estimated at $319,682,039,942. The 24-hour trading volume for this coin is approximately $19,981,206,263.

ETH gains momentum

The Belgian government has made a statement on Bitcoin and Ethereum. According to the official statement, the Belgian authorities do not see these two as securities. The position of various digital assets will be made clear by the government’s stance on this issue.

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The performance of Ethereal shows that it has grown significantly in the last few hours. The latest data shows that it has added 3.02% in the last 24 hours. The weekly performance shows that it has added 1.39%.

The price value of ETH is currently in the range of $1,221.37. The market capitalization value of this coin is estimated at $149,463,682,396. The 24-hour trading volume of the same coin is approximately $959,744,205.

AVAX Revitalizing Value

Avalanche’s value has also seen a resurgence amid the growing market. The latest data shows that it has added 3.75% in the last 24 hours. The seven-day yield for this coin shows an addition of 3.00%. The price value of AVAX is currently in the range of $13.16.

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Avalanche’s market capitalization value is approximately $3,958,289,722. The 24-hour trade volume of this coin is estimated at $137,521,406. The same amount in your native currency is about 10,433,392 AVAX.

Strengthening of the LINK

Link of the chain it has also strengthened due to the continued inflow of capital. The latest data shows that it has added 3.55% in the last 24 hours. The weekly yield of this coin shows that it has added 13.82%. The LINK price value is currently in the range of $6.94.

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Chainlink’s market capitalization value is estimated at $3,525,019,455. The 24-hour trading volume for this coin is approximately $264,114,921. The circulating supply of the same coin is about 507,999,970 AVAX.

final thoughts

The global crypto market has witnessed a positive turnaround in performance. The increase in the value of Bitcoin, Ethereum and others shows a resurgence in value. As the market appears to be reeling from the impacts of the FTX crash, there is hope for investors. They have continued to invest their capital in this market, which has helped the global market capitalization value reach $842.56 billion.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com is not responsible for the 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 decision.