The global crypto market has continued to fluctuate as the market has remained changing. It has resulted in a change in the value of Bitcoin and other coins. This time, the difference is losses for Bitcoin and a bullish wave for other coins. The mentioned change has led to a different pattern this time. The change in pattern suggests that Bitcoin might see losses in the coming days. It is yet to be seen whether altcoins can stay bullish.
The bearish situation has brought various crypto companies tremendous losses. Two of them include Celsius and Voyager, which got help from FTX. Though the crypto giant has bailed them out, a lot needs to be disclosed. According to the available updates, US state regulators have gone for increased scrutiny of these two companies.
According to the updates from Bloomberg, US state regulators will be looking into the complete details of their financial transactions and other details. The probe will look into possible problems with the funds as well.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC stays bearish
As the Bitcoin market has seen a decline, there has been a decline in the price value of GPU. Though it is not good for the companies, it has brought opportunities to small Bitcoin miners. It will bring them the opportunity to play their share in creating Bitcoin.
The latest data for Bitcoin shows it has shed 0.66% over the last day. In comparison, the past week was relatively better, adding 11.74%. Bitcoin price value has been fluctuating recently.
The current price value for Bitcoin is in the $21,509.73 range. If we compare the market cap value for Bitcoin, it is estimated to be $410,604,272,463. The 24-hour trading volume of Bitcoin is about $54,763,786,381.
BNB continues to grow
Binance has sought to help companies and customers to get out of difficult situations. It has gone to great lengths to support the market, including the additional hiring of new employees. CZ has also been hopeful about free trading, but Binance members haven’t been in favor of this decision.
Binance Coin has seen an improvement in value as it has added 1.17% over the last 24 hours. The weekly performance shows that it has added 12.56%. The changes have helped it improve other metrics as well.
The price value for BNB is in the $242.31 range and might continue to improve. The market cap value for this coin is estimated to be $39,575,396,819. The 24-hour trading volume of this coin is about $1,160,119,188.
FLOW sees hope
Flow has also seen hope as its value has continued to improve. The latest data for this coin shows that it has added 2.49% over the last day. The comparative data for the last seven days shows that it has added 10.11%. These changes have helped its price value reach $1.65.
The market cap value for Flow is estimated to be $1,713,397,233. The 24-hour trading volume of this coin is about $8,651,104. The same amount in its native currency is about 17,327,140 FLOW.
XTZ in a better state
Tezos has also been improving, adding 5.90% over the last day. The data for the last seven days shows that the gains have reached 11.93%. The gains have improved its price value which has reached $1.61.
The market cap value for XTZ is estimated to be $1,455,772,087. The 24-hour trading volume of the same coin is about $82,971,513. The circulating supply of this coin is about 900,941,178 XTZ.
Final Thoughts
The global crypto market has continued to change as the losses for Bitcoin grew while other coins are improving. These changes have brought the market to a different situation where the previous patterns have been altered. It is yet to be seen how long will this new pattern last. The global market cap value is estimated to be $952.94 billion. Its value has been affected by Bitcoin losses.
