The global crypto market has performed bullishly as it continues to attract gains. The recent changes for Bitcoin, Binance Coin, and others show a positive trend. Though the market has faced fluctuations over the recent months, leaving the market emaciated. Though there have been both positive and negative changes, investors have shown trust in the market. As the recent hours showed a continuing influx of capital, various coins have shown a positive trend.
ByBit announced to apply new KYC rules and withdrawal limits on 20 December. Different levels of KYC will be required for different withdrawal amounts. The crypto exchange ByBit has announced that it will apply the new rules from 20 December to ensure that customer safety is ensured. As of 20 December, non-verified users will be limited to less than 20,000 USDT. At the same time, the monthly limit for the non-verified users will be 100,000 Tether. Level-1 KYC will allow users to withdraw 1 million USDT daily.
Meanwhile, the Level-2 KYC and Business KYC will allow the users to withdraw 2 million USDT. Furthermore, there will be no monthly limit for Level-2 KYC or business users. As the update is implemented, KYC verifications will be required for fiat on-ramp services. The users can benefit from the current limits till 20 December.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC continues bullish
Bitcoin mining project helps power rural community in Kenya. Gridless Compute, a hydro-powered Bitcoin mining initiative, tweeted that the project has successfully powered rural community. Bitcoin mining projects can yield much better if the focus is on the community and bringing innovative solutions.
The recent changes for Bitcoin show the continuation of the positive trend. The latest data shows that it has added 1.95% over the last 24 hours. The seven-day data shows that Bitcoin has added 1.26%.
The price value of BTC is currently in the $17,165.77 range. The market cap value of Bitcoin is estimated to be $330,079,926,096. The 24-hour trading volume of Bitcoin is about $23,228,806,995.
BNB fluctuating
SBF has called Binance CEO CZ allegations lies as the spat turns ugly. CZ had commented on SBF’s style of operating FTX, criticizing it. The latter responded in an aggressive manner, calling it white lies. He closed the thread by telling CZ, ‘You won.’
The performance of Binance Coin has also shown a positive trend over recent hours. The latest data shows that it has added 1.36% in a day. The seven-day data shows that it has shed 0.23%.
The price value of BNB is currently in the $289.30 range. The market cap value of this coin is estimated to be $46,279,426,248. The 24-hour trading volume of the same coin is about $659,408,969.
DOGE in gains
The value of Dogecoin has also been improving over recent hours. The latest data shows that it has added 1.20% over the last 24 hours. The seven-day data shows that it has shed 1.37%. The price value of DOGE is currently in the $0.09731 range.
The market cap value of Dogecoin is estimated to be $12,910,285,208. The 24-hour trading volume of this coin is about $472,157,124. The same amount in its native currency is about 4,862,121,915 DOGE.
MATIC on the rise
As the market has continued to rise, there has been an increase in the value of Polygon. The recent changes for this coin show that it has added 2.39% in a day. The seven-day data shows that it has added 0.77%. The price value of MATIC is currently in the $0.9225 range.
The market cap value of Polygon is estimated to be $8,057,033,786. The 24-hour trading volume of this coin is about $282,309,284. The circulating supply of the same coin is about 8,734,317,475 MATIC.
Final Thoughts
The global crypto market has seen a positive trend over recent hours. The recent changes for Bitcoin, Binance Coin, and others show considerable improvement. As the market continues to grow in value, there has been an increase in investor gains. The continuation of gains has also strengthened the global market cap value. The latest data shows that it is estimated to be $854.70 billion.
