The global crypto market has seen a speedy recovery in value. The recent changes in the market brought speedy gains as the influx of capital increased. The performance of Bitcoin, Ethereum, and others shows significant encouragement. Their value increased at a tremendous pace. Though the market has suffered considerably, there have been few bullish rallies of this strength. If the current situation persists, the market will see a considerable change in value. There is a need for consistency in the gains of the market.
Bahrain has approved crypto payments via EazyPay after partnering with Binance Pay. The Central Bank of Bahrain has given the nod to crypto payments and the launch of Bitcoin in the region. EazyPay is an online payment gateway platform that was announced by Nayef Alawi. The company has partnered with Binance, a famous payment services provider.
If the users want to use Bitcoin as a payment method, they will be provided with a QR code from the EazyPay platform. Binance will also provide its services to convenience those businesses that wish to use its platform for payments and conversions. CBB executive director Khalid Hamad congratulated EazyPay on approving the requested services permits. He also ensured that it would be regulated and licensed by Bahrain Central Bank.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and others.
BTC trying to recover
Bitcoin spot volume has remained elevated while the price has seen continuing fluctuations. The recent on-chain data shows considerable stability, but the market for this coin is yet to see a big change. The price value might also improve, resulting from the encouraging situation.
The recent changes for Bitcoin show bullishness. The latest data shows that it has added 4.56% over the last day. The weekly data shows that Bitcoin has shed 2.42%.
The price value for BTC is currently in the $19,308.47 range. The market cap value for Bitcoin is estimated to be $370,372,321,883. The 24-hour trading volume of Bitcoin is about $40,466,844,074.
ETH in gains
Ethereum funding rates are stabilizing, showing that recovery might be on its way. The funding rates for this coin had fallen considerably since the event of the merge and were on a further decline. Though the merge was one of the most anticipated events in the crypto world, it hasn’t brought the desired results.
The performance of Ethereum has also shown improvement. The latest data shows that it has added 5.74% over the last day. In comparison, the weekly losses of this coin amount to 10.56%.
The price value for ETH is currently in the $1,323.86 range. The market cap value for this coin is estimated to be $162,435,029,974. The 24-hour trading volume of this coin is about $18,304,073,101.
ARU super bullish
Arweave has also been bullish due to the favorable market. The latest data shows that it has added 9.82% over the last day. In comparison, the weekly data shows a gain of 3.72%. The price value for ARU is currently in the $10.14 range.
The market cap value for Arweave is estimated to be $338,648,144. The 24-hour trading volume of this coin is about $22,368,848. The same amount in its native currency is about 2,205,832 AR.
The performance of Gnosis has also been bullish over recent hours. The recent data shows that it has added 5.49% over the last day. In comparison, the weekly data shows a loss of 10.00%. The price value for GNO is currently in the $125.81 range.
The market cap value for Gnosis is estimated to be $324,530,939. The 24-hour trading volume of this coin is about 2,536,089. The circulating supply of the same coin is about 2,579,588 GNO.