Bitcoin, Ethereum, Chainlink, and Stellar Daily Price Analyses – 1 November Roundup


The global crypto market has seen a negative trend due to a bear market. There has been a continuation of losses for Bitcoin, Ethereal, and others. But there is a slight change and it suggests that the market will soon turn bullish. In contrast to the beginning of the day, losses have reached new lows. If the situation improves further, there is a chance that the market will turn bullish. A turnaround in momentum will strengthen investors’ position.

VISA has launched a special offer NFT auction before the FIFA World Cup in Qatar. The giant payments and financial services company is currently the official payment partner of FIFA. VISA has announced the launch of the Masters of Movement NFT. According to the firm, the NFTs are inspired by unique goals from five football legends. These include Jared Borgetti, Tim Cahill, Carli Lloyd, Michael Owen, and Maxi Rodriguez.

The movements of these soccer stars were converted to NFT by the award-winning SK Studio. Further details reveal that the NFT bidding has been opened on Crypto.com, which serves as the official trading partner of the 2022 FIFA World Cup. VISA Collectors said that collectors who submit the winning bid will receive the NFTs in their wallet. and they will also get a high quality printable file.

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

BTC continues recessive

The Bitcoin hash rate has reached an all-time high as its price value hovers above $20,000. According to the available updates, the Bitcoin hash rate reached 331EH/s. Data from Glassnode shows that it is the highest hash rate ever seen. The increase in the hash rate would have repercussions for the miners, as has been seen recently.

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Recent changes to Bitcoin They show a continuation of the downtrend. The latest data shows that it has lost 0.07% in the last 24 hours. Weekly data shows that Bitcoin has added 1.35%.

The price value of BTC is currently in the range of $20,487.34. The market capitalization value of Bitcoin is estimated at $393,170,858,989. The 24-hour trading volume of this coin is approximately $39,566,563,452.

ETH is still in losses

The price increase has put most Ethereum investors in profit. Investors had a rollercoaster year in 2022 as it brought tough times. Some aspects brought success, while others proved heartbreaking.

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The value of Ethereum has experienced fluctuations due to the downtrend. The latest data shows that it has lost 0.01% in the last 24 hours. The weekly data shows that it has added 6.49%.

The price value of ETH is currently in the range of $1,581.51. The market capitalization value of this coin is estimated at $193,592,433,107. The 24-hour trading volume of the same coin is approximately $1,219,170,422.

LINK Facing Hard Times

Link of the chain it has also faced problems due to the downward pull. Recent data shows that she has lost 1.22% over the last day. The weekly data shows that she has added 8.92%. Fluctuations in capital inflows have pushed the LINK price value into the $7.75 range.

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Chainlink’s market cap value is estimated at $3,812,554,430. The 24-hour trading volume of this coin is approximately $351,339,303. The same amount in your native currency is about 45,302,538 LINK.

XLM continues to decline

Stellar has also faced a downtrend as capital inflow has slowed. The latest data shows that it has lost 1.42% in the last 24 hours. Weekly data shows that it has lost 2.26%. The price value of XLM is currently in the range of $0.1098.

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Stellar’s market cap value is estimated at $2,813,102,953. The 24-hour trading volume of this coin is about $78,032,525. The circulating supply of the same coin is about 25,622,450,796 XLM.

final thoughts

The global crypto market has witnessed a decline in value due to the long-lasting downtrend. Recent data for Bitcoin, Ethereum and others show fluctuations. As the market has seen a decline in value, investors have also been affected. The global market capitalization value has also seen a change due to a negative trend. The latest data shows that it is estimated at 1.01 trillion dollars.

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.