The performance of the global crypto market has seen slight changes as Bitcoin wavered. Apart from the performance of Bitcoin, there has been a trend of increase for other coins. If we look at the overall market, there is a trend for an increase in value. If the current trend continues, it will strengthen the global market cap value further. The increase led it to cross $1 trillion, and it continues.
Three Arrows capital has been one of those companies that faced severe blows due to ongoing bearishness. Its investors have placed claims before a court in Singapore to get their share back. According to available information, Three Arrows liquidators have applied for denial to any hedge fund for disclosing information. They have accessed a high court in Singapore to keep the data at Three Arrows headquarters safe.
The main point of the liquidators is the protection of records and data for legal proceedings. The application was filed on 9 July, indicating that its trading wallets and cold wallets details might be in the Singapore headquarters. Various companies have served as 3AC creditors.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC stuck at $22K
Bitcoin has faced major consolidation issues as the investors continued to pour their capital into it. It was able to cross $22K but hasn’t been able to surpass that. The major resistance has put it at a 200-week moving average.
The latest data for Bitcoin shows it has shed 0.40% as the gains lowered. Its performance shows lag because of the decreased influx. The weekly performance for Bitcoin shows an addition of 11.46%.
The price value for Bitcoin is in the $22,035.11 range and might lower further. The market cap value for Bitcoin is estimated to be $420,824,084,759. The 24-hour trading volume of Bitcoin is about $46,028,512,357.
BNB continues bullish
The global regulation of cryptocurrency and crypto assets services providers has forced Binance to consider a headquarter. Though its head Changpeng Zhao has remained reluctant to answer this question, he has said that it has offices in Bahrain, Dubai, and Paris. The global headquarters for this giant will be announced soon.
The value of the Binance Coin has continued to grow as the investors remain bullish on it. The latest data shows that it has added 0.16% over the last 24 hours. The weekly performance shows an addition of 16.44%.
The continuous bullishness has enhanced BNB’s price value of about $261.30. The market cap value for this coin is estimated to be $42,154,949,181. The 24-hour trading volume of the same coin is about $1,724,377,433.
UNI remains undaunted
Uniswap has followed the bullish trend of the market. It has made gains of 5.83% over the last 24 hours. If we look at its weekly performance, the gains for this coin are about 34.22%. The tremendous increase has led to its price value rising to $7.59.
The market cap value for UNI is estimated to be $5,572,695,671. The 24-hour trading volume of the same coin is about $298,052,764. The same amount in its native currency is about 39,264,857.
CRO rises further
Cronos has also been moving bullish as the market remains favorable. The latest data shows that it has added 1.71% over the last day. The seven-day data shows addition of 16.94%, consolidating it further. The price value for this coin is also on the rise as it is about $0.1313.
The market cap value for CRO is estimated to be $3,310,175,670. The 24-hour trading volume of this coin is about $32,060,889. The circulating supply of this coin is about 25,263,013,692 CRO.
Final Thoughts
The global crypto market is on the rise as the positive trend continues. The influx of capital has strengthened altcoins, while Bitcoin has shown a negative trend. How the market will continue as Bitcoin might dominate is yet to be seen. If the negative trend dominates, it will deprive the market of the recent gains. It would need continuous gains for majority of the coins to keep the market consolidated.
