The performance of the global crypto market has shown a continuation of lag. The performance of Bitcoin, Binance Coin, etc., has changed back to bearishness. These tokens couldn’t retain gains, and thus investors moved toward sell-offs. The dominant trend of bearishness has continued to affect the global crypto market. Though the Ethereum merge was expected to bring improvement to the market, it couldn’t give the expected results. The ongoing situation shows that the market is on a further decline.
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Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC red
Bitcoin has played an important role in support of Ukraine as people sent their donations in crypto. According to available updates, Ukraine’s tech giants have begun to accept Bitcoin. These include Techno Tzhak and Stylus, which have begun to accept Bitcoin as a form of payment. While on the other hand, Bitcoin mining has seen slight growth.
The recent changes for Bitcoin show a continuation of the bearish pattern. The latest data shows that it has receded 1.40% over the last 24 hours. The weekly data shows a loss of 2.03%.
The price value for Bitcoin is currently in the $19,819.19 range. The market cap value for Bitcoin is estimated to be $379,338,865,815. The 24-hour trading volume of Bitcoin is about $28,828,399,825.
BNB losing
Binance has identified the KyberSwap hack suspects. According to the available information, it has worked on the available data from the DEX and worked on identifying addresses. Once the addresses were identified, it involved law enforcement agencies for further procedure.
The value of the Binance Coin has seen a continuation of the decline. The recent changes show that it has shed 1.08% over the last 24 hours. The weekly data shows that its losses amount to 2.51%.
The price value for BNB is currently in the $276.03 range. The market cap value for this token is estimated to be $44,533,870,936. The 24-hour trading volume of the same coin is about $713,872,213.
AXS bullish
The value of Axie Infinity is on the rise due to bullish investors. The latest data shows that it has added 9.17% over the last day. If we compare the data for the last seven days, its gains amount to 11.07%. The price value for AXS has improved to the $15.08 range.
The market cap value for Axie Infinity is estimated to be $1,255,461,976. The 24-hour trading volume of this coin is about $168,452,819. The same amount in its native currency is about 11,183,723 AXS.
QNT in losses
Quant has also been in losses due to a bearish market. The recent changes show that it has declined 0.99% over the last 24 hours. The seven-day data shows that it has shed 6.27%. As the market continues to change, its price value has come down to $93.60.
The market cap value for QNT is estimated to be $1,129,854,467. The 24-hour trading volume of this coin is about $35,392,906. The circulating supply of this coin is about 12,072,738 QNT.
Final Thoughts
The performance of the global crypto market has shown a trend of decline. The recent changes in the market show losses for Bitcoin, Binance Coin, and others. As the market saw a change from a positive to a negative trend, the value of various tokens decreased. The global market cap value has also declined. The recent data shows that it is currently about $973.78 billion.
