The changes in the global crypto market have proved to be encouraging for investors. The gains for Bitcoin, Binance Coin, and other giants have positively impacted the overall market. The trend for bulls in the market has also helped improve the global market cap value. It was lingering in lows and was prone to further losses if the bears continued to dominate.
Russia has taken the lead role in the Central Bank Digital Currencies trial. According to the available news, it has plans to trial digital Ruble in the real estate sector. If the result of the current trial is positive, it will lead to further stages, which might include other businesses and uses.
Cardano has also been facing problems as its scheduled update, Vasil hard fork, has been delayed. The reasons for the inability to deploy updates have been outstanding bugs and testing. Investors were expecting it to happen in June according to the given schedule, but it didn’t happen. It will take place in later July, as per the official statement.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and other altcoins.
BTC growing gradually
Bitcoin has continued to enhance its value as the market has turned green. But the previous performance of Bitcoin shows that it might still face problems. Sam Rule, an analyst at Bitcoin Magazine, has shared four charts of top Bitcoin peaks. According to his analysis, there is still pain to come for Bitcoin.
The latest data for Bitcoin shows that it has added 0.64% over the last 24 hours. In comparison, the losses for the last seven days are about 1.98%. The performance of Bitcoin has fluctuated in recent days.
The price value for Bitcoin is in the $20,678.78 range. In comparison, if we look at the market cap value for Bitcoin, it is estimated to be $393,604,543,343. The 24-hour trading volume of Bitcoin is about $29,499,496,267.
BNB gears up
Binance has refused to lend a helping hand to failed crypto projects. The drive started when FTX gave support to crypto lender BlockFi and Voyager. It was seen as support to help them raise their value. There were rumors that Binance might also do so, but it has refused to take any such step.
The performance of Binance Coin has also seen improvement as it has added 4.20%. Comparing its weekly performance shows that the gains are about 4.35%. The trend for gains continues to consolidate as both metrics show positivity.
The price value for BNB has enhanced to the $225.30 range. In comparison, the market cap value also saw enhancement, estimated to be $36,786,887,485. The 24-hour trading volume of this coin is about $1,105,709,753.
DASH improves further
Dash has also seen good days as the gains continue. Its daily data shows that the gains have amounted to 3.15%. In comparison, if we look at its weekly performance, it shows an addition of 11.73%. The positive trend has helped its price value rise to $47.32.
If we look at the market cap value of Dash, it is estimated to be $510,366,160. The trading amount has also risen as it is $84,022,969 for the last 24 hours. The same amount in its native currency is about 1,775,459 DASH.
GMT continues to gain
STEPN has also been favorable as the gains have helped it increase its value. The latest data shows that it has added 1.83% over the last day. The past seven days also proved encouraging, as it gained 27.02%. The rise in additions has led its price value to the $0.78 range.
The market cap value for this coin is estimated to be $467,768,695. The 24-hour trading volume of this coin is about $274,095,508. The circulating supply for this coin is about 600,000,000 GMT.
Final Thoughts
The global crypto market has seen a rapid addition to various coins. The value of Bitcoin, Binance Coin, and others has increased as the influx of funds continues. The changes have improved the global market cap value, estimated to be $912.47 billion. As the influx of capital continues, it might rise further.
