The global crypto market has seen a negative change in performance over the last few hours. The change has resulted in a loss for various coins and tokens. The recent data shows that Bitcoin resisted these changes but couldn’t stand the bearish wave. The result has been a decline in the value of the overall market. The market might see lasting losses if the current situation persists for a long while. The market has yet to see if it will turn bullish or lose momentum.
Huobi has delisted several coins over privacy issues. Huobi Digital has terminated its trading service for coins, including Dash, Monero, Verge, and others. In a statement released on 12 September 2022, the company said it had decided to comply with the financial regulations implemented recently.
The China-based company said that it had waged war against privacy coins. The statement said that it has not yet delisted these coins and will take place on 19 September. The exchange said that it has made clear the users will not be able to deposit these coins into their Huobi accounts from 12 September. While the withdrawals will continue to function for users.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC turns bearish
Bitcoin has seen a negative change due to the negative pattern in the market. The changes resulted from a speedy rise in inflation over the last few days. Previously it had seen a loss of more than half of its value due to rising inflation and other political issues.
The recent changes for Bitcoin show a negative trend. The latest data shows a loss of 5.22% over the last 24 hours. In comparison, the weekly performance shows a gain of 7.52%.
The price value for Bitcoin is currently in the $21,261.48 range. The market cap value for Bitcoin is estimated to be $407,237,880,909. The market cap value for this coin is about $49,249,391,811.
BNB in losses
Market analysts have shown bullishness on Binance, as they have called it a favorite for Q4 of 2022. The market has shown a bearish trend for a while, and Binance might be able to make up for it. Binance US has also launched a rebate program for users to boost liquidity.
The changes for Binance Coin also show a negative trend. The latest data shows it has shed 4.03% over the last 24 hours. The weekly data shows a gain of 2.39%.
The price value for BNB is currently in the $285.07 range. The market cap value for this coin is estimated to be $45,991,846,944. The 24-hour trading volume of this coin is about $1,141,970,373.
LINK recessive
The performance of Chainlink has also shown signs of recession due to a bearish market. The latest data shows a loss of 8.42% over the last 24 hours. The seven-day data for this token shows a gain of 2.48%. If we look at the price value for this token is about $7.31.
The market cap value for LINK is estimated to be $3,597,008,474. The 24-hour trading volume of this token is about $546,859,743. The same amount in its native currency is about 74,738,836 LINK.
XLM unable to stay bullish
Stellar’s value has also declined due to a bearish market. The latest data shows a loss of 6.57% over the last day. In comparison, seven-day data for this token shows that it has added 2.70%. The price value for this token has fluctuated and is currently in the $0.1083 range.
The market cap value for XLM is estimated to be $2,743,425,300. The 24-hour trading volume of this token is about $141,418,427. The circulating supply of this token is about 25,339,956,262 XLM.
Final Thoughts
The performance of the global crypto market has seen fluctuations recently. The changes have resulted in the loss of a significant value. The performance of Bitcoin, Binance Coin, and others showed a negative trend. The global market cap value has also seen a trend of decline. The latest data shows that it is currently about $1.02 trillion.
