The global crypto market has continued to grow in value as the influx of capital has continued. The new changes in the market have brought strength to Bitcoin, Binance Coin, and others. As the positive pattern has continued, it has positively impacted new investments. If the current situation persists, the market is likely to strengthen further. The positive pattern in the market has been seen after a while, and it might last for a while, as the current influx shows.
FTX has won an auction for Voyager Digital with a bid valued at $1.4 billion. FTX made the bid under the name West Realm Shires, and it was the highest bidder claiming Voyager for itself. The bidding continued in multiple rounds as they continued for two weeks. The bid for the company will be presented in the bankruptcy court in the US for the potential sale and reorganization.
Voyager entered Chapter 11 bankruptcy on 5 July 2022 and has entered a dual-track process. Last week, the CFO of Voyager resigned due to the unruly situation of the company. The bid for Voyager is comprised of fair market value, which currently is $1.311 billion with an additional $111 million.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC trading above $20.2K
Bitcoin has seen a skyrocketing rise as the stock market crashed. The change proved lifesaving because it rose from the lows of $18K to $20K. The surprise bounce has helped Bitcoin reclaim its lost value, which might continue to rise in the upcoming hours.
The recent changes for Bitcoin show the continuation of the bullish trend. The latest data shows that it has added 7.19% over the last 24 hours. In comparison, the weekly data shows an addition of 6.17%.
The price value for BTC is currently in the $20,292.76 range and is on the rise. The market cap value for Bitcoin has also improved, resulting from gains estimated to be $388,849,547,109. The 24-hour trading volume of Bitcoin is about $48,576,911,696.
BNB in gains
Binance has announced that it is assisting in recouping funds for victims of Contra Tech fraud. The exchange recently announced that it is heavily involved in helping fraud victims. The victims of this fraud lost money back in 2017-18.
The performance of Binance Coin has also given hope to investors. The latest data shows that it has added 3.95% over the last 24 hours. In comparison, the weekly data shows a gain of 5.79%.
The price value for BNB is currently in the $283.92 range. The market cap value for this coin is estimated to be $45,806,747,749. The 24-hour trading volume of this coin is about $783,501,761.
CRO continues to gain
The value of Cronos also saw enhancement as the market continued to grow. The latest data shows it has added 3.69% over the last 24 hours. The weekly data shows a gain of 12.53% due to new gains. The price value for CRO is currently in the $0.1167 range.
The market cap value for Cronos is estimated to be $2,947,783,684. The 24-hour trading volume of this coin is about $26,832,246. The same amount in its native currency is about 229,956,967 CRO.
XMR super-bullish
The performance of Monero has also brought hope to investors due to the strengthened influx of capital. The latest data shows it added 5.64% over the last day. The weekly data shows that it has gained 7.51%. As the influx has strengthened, the price value for XMR has soared to the $151.38 range.
The market cap value for Monero is estimated to be $2,752,119,017. The 24-hour trading volume of this coin is about $95,821,323. The circulating supply of this coin is about 18,179,821 XMR.
Final Thoughts
The global crypto market has managed to escape from the continuing bearishness. The recent changes show that Bitcoin, Binance Coin, and others saw a considerable improvement. The global market cap value also improved. The recent data shows that it is estimated to be $973.97 billion.
