The global crypto market has seen a change in performance over the last few hours. The change came in the form of an influx of capital which strengthened Bitcoin, Binance Coin, and others. The rest of the market had already shown signs of improvement, but BTC was lagging. The recent changes helped it attract gains. The ongoing changes in the market have continued resulting from the fluctuations for a while. The economic and political changes are the reason the crypto market has remained in shambles.
Bankrupt crypto lender Voyager’s CFO has stepped down months after the appointment. Ashwin Prithipaul has served the company for the last few months and is expected to leave soon. The crypto firm said on Friday that the finance head would resign after a transition period. Chief Executive Officer Stephen Ehrlich will assume the role in the interim.
Prithipaul has served as the CFO of the company since May 2022. He has previously served as the CFO of other companies, including DriveDigital, Galaxy Digital, etc. Voyager Digital collapsed due to continuing financial issues resulting in the filing for Chapter 11 bankruptcy. Voyager Digital is one of the most high-profile companies that went out of business due to Terra’s collapse.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC continues to fluctuate
Bitcoin miner Iris Energy has signed a share purchase agreement with B. Riley. The issuance of new shares is meant to help Iris Energy strengthen its capital base to support its Bitcoin mining operations during the market meltdown.
The recent changes for Bitcoin show an improvement in the influx of capital. The latest data shows it added 0.75% over the last 24 hours. In comparison, the losses for the last seven days are about 3.79%.
The price value for BTC is currently in the $19,070.82 range. The market cap value for Bitcoin is estimated to be $365,383,234,302. The 24-hour trading volume of Bitcoin is about $35,136,084,425.
BNB crosses $280
Binance has hired the former Kraken chief of compliance as the senior vice president of compliance. The change came as the result of new quality standards set for its business. While Binance ID is to enable frictionless user authentication. Binance will become the third one to introduce this login feature after Google and Apple.
The performance of Binance Coin has continued to improve recently. The latest data shows it added 2.32% over the last day. In comparison, the seven-day data shows a gain of 1.51%.
The price value for BNB is currently in the $280.31 range. The market cap value for this coin is estimated to be $45,260,985,584. The 24-hour trading volume of this coin is about $906,183,814.
SOL in gains
Solana is also in gains due to a favorable market. The latest data shows it has added 7.53% over the last 24 hours. In comparison, the gains for the last seven days are about 5.34%. The enhancement in gains has strengthened its price value which is currently in the $34.30 range.
The market cap value for SOL is estimated to be $12,229,742,997. The 24-hour trading volume of this coin is about $1,036,166,534. The same amount in its native currency is about 30,047,960 SOL.
DOGE scaling new heights
The value of Dogecoin has scaled to new heights due to the bullish market. The latest data shows that it has added 8.64% over the last 24 hours. The weekly data for this coin shows a growth of 8.35%. The price value for DOGE is currently in the $0.06575 range.
The market cap value for Dogecoin is estimated to be $8,738,969,854. The 24-hour trading volume of this coin is about $1,099,206,149. The circulating supply of this coin is about 132,670,764,300 DOGE.
Final Thoughts
The global crypto market’s performance has improved due to the influx of capital. The latest data shows that Bitcoin, Binance Coin, and others have stayed bullish. The result of these changes is an improvement in the global market cap value. The latest data shows that it is estimated to be $940.52 billion.
