The global crypto market has retained its gains despite the bearish pull. The changes in the market have brought a little gains to the overall market. The situation’s uncertainty has been why the market couldn’t speed up its gains. The recent data shows slight growth in value for Bitcoin, Binance Coin, and others. The investors will push further to enhance their gains. So, the prospects are enhancing for the upcoming days.
Tether has refused to freeze Tornado Cash until US authorities instruct it to do so. The giant stablecoin has informed the users that it won’t go for sanctions until there are clear instructions from authorities. According to the company, it won’t go for blocking any exchange’s wallets. While if it is instructed to block wallets belonging to individuals, it will comply with the directions.
According to Tether, OFAC hasn’t instructed it to block any addresses. The company will have to block addresses if OFAC has published the name on the SDN list. Also, despite daily contact, no US regulatory authority has contacted it for the sanctions on these accounts.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC slow in its gains
According to Wallstreet Journal, crypto ATM company Bitcoin Depot has plans to go public. The available details show that it has struck a deal with SPAC, so it will go public soon. The said company will go public at an $885 million valuation. Further details will be made available soon after its going public.
The recent performance of Bitcoin has shown stability. The latest data shows that it has added 1.25% over the last 24 hours. The weekly performance of Bitcoin also shows improvement as its losses have been reduced to 7.69%.
The price value for Bitcoin is in the $21,721.28 range. The market cap value for Bitcoin is estimated to be $415,560,676,607. The 24-hour trading volume of Bitcoin is about $31,968,126,184.
BNB continues to grow
Binance has called XRP Ledger the first major blockchain to be certifiably carbon neutral. The education arm of Binance has shared energy-related details about public blockchains. While Genesis Miner-NFT by Metablox was pre-launched on Binance NFT on 24 August.
The value of the Binance Coin has also improved as a result of the recent gains. The latest data shows that it has added 2.27% over the last 24 hours. The weekly data shows losses of 1.63%, which have been reduced considerably.
The price value for BNB is currently about the $304.03 range. The market cap value for the same coin is estimated to be $49,051,057,343. The 24-hour trading volume of the same coin is about $1,000,361,306.
AAVE stays bullish
Aave has also been in gains due to a favorable market. The latest data shows that it has added 1.02% over the last 24 hours. The weekly performance shows a loss of 9.69%. The change in performance has brought its price value to the $90.72 range.
The market cap value for AAVE is currently estimated to be $1,266,525,587. The 24-hour trading volume of this coin is about $161,360,164. The same amount in its native currency is about 1,782,887 AAVE.
AXS gaining
The value of Axie Infinity is also growing due to the bullish market. The latest data shows that it has added 0.99% over the last 24 hours. The weekly data shows that the losses for it are about 13.77%. The price value for AXS is currently in the $14.80 range.
The market cap value for Axie Infinity is currently estimated to be $1,228,681,040. The 24-hour trading volume of the same coin is about $86,102,138. The circulating supply of this coin is about 82,977,853 AXS.
Final Thoughts
The global crypto market has seen an improvement in value over the last 24 hours. The change in the market has resulted in considerable gains. The value of Bitcoin, Binance Coin, etc., still needs a push to increase their gains. The global market cap value has also benefitted from the improving market. The latest data shows that it is currently estimated to be $1.05 trillion.
