The global crypto market has continued bullish as gains have increased. The recent influx of capital has supported the wavering value of Bitcoin, Binance Coin, and others. As the market saw a change in value, there has been optimism seen on the investor side. They have increased the investments in the hope of increased gains. The ongoing bullish wave isn’t that strong, but there are hopes about the market enhancement.
The Ethereum community was having discussions about transaction censorship. In a recent update, it has split over the solutions proposed. Different solutions have been suggested, which include social slashing, user-activated soft fork, etc. The community initiated these discussions soon after the US authorities sanctioned Tornado Cash and its linked addresses. The community members have remained divided over how to best respond to the threats of transaction censorship.
Some users called user-activated soft fork a trap and said it would create more problems than solve. Some users have asked for credible neutrality and censorship resistance properties. Social slashing is also a possible option that the validators can avail themselves of. If this option is availed, the chain will split into a censorship-less chain and an OFAC-compliant chain.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC sees optimism
Bitcoin addresses were at lows due to the bearish trend in the market. The recent data shows that they have reached a one-month high as the BTC price has retested $21K. Available data shows that there are 17.5 million Bitcoin addresses that have little faith in a rebound.
The recent data shows that Bitcoin has remained bullish. According to available updates, Bitcoin has added 0.40% over the last 24 hours. The weekly data shows a loss of 11.24%.
These changes have brought Bitcoin price to the $21,382.00 range. The market cap value for BTC is estimated to be $409,027,482,632. The 24-hour trading volume of Bitcoin is about $32,587,066,960.
BNB stays bullish
Binance has grown into a giant despite the negative trend in the market. The recent changes brought it considerable gains, leaving behind Coinbase, FTX, and other major exchanges. But the rise of new exchanges might pose a threat to its monopoly. Reports tell of Samsung planning to launch its own cryptocurrency exchange, which might give Binance a tough time in the longer run.
Binance Coin has also been in gains as the market remains bullish. The latest data shows that it has added 0.18% over the last 24 hours. The weekly performance still shows losses as it has shed 6.96%.
The price value for BNB is in the $296.92 range. The market cap value for this coin is estimated to be $47,904,770,700. The 24-hour trading volume of this coin is about $1,291,484,632.
EOS continues to grow
EOS has also continued to grow in value due to increasing gains. The latest data shows that it has added 12.79% in a day. In comparison, the weekly performance shows an addition of 33.41%. The price value for EOS is currently about $1.73.
The market cap value for EOS is estimated to be $1,723,149,963. The 24-hour trading volume of the same coin is about $1,569,898,591. The same amount in its native currency is about 909,840,672 EOS.
APE in gains
ApeCoin has also gained momentum due to bullishness. The recent data shows that it has added 1.84% over the last 24 hours. The weekly data shows that the losses are about 18.22%. The ongoing changes have brought its price value to the $5.17 range.
The market cap value for APE is estimated to be $1,582,740,794. The 24-hour trading volume of this coin is about $291,990,755. The circulating supply of this coin is about 306,875,000 APE.
Final Thoughts
The global crypto market has seen a positive change in value as it gained momentum. The recent data shows that Bitcoin and others have gained a considerable amount. As the market has gained traction, the global market cap value has also sought stability. The latest data shows that it is currently estimated to be $1.02 trillion.
