The global crypto market has faced a decline in performance over recent hours. The value of Bitcoin, Binance Coin, etc., has lowered considerably. In contrast, some coins have shown a positive trend which has kept the market in uncertainty. The changes in the performance of the market show that it needs uniformity in movement, which will help it get out of the current crisis. There is a need for consistent gains to help it revive its value.
Ripple CEO has slammed SEC, and Wells Fargo as attention has shifted to FTX. Ripple CEO shared a meme on Twitter bashing the US SEC and the fourth largest bank in the US, Wells Fargo. The new tweet came at a time when both parties have requested extended time to file their motions. Both SEC and Ripple were asked to file new motions as per the scheduling update. Brad Garlinghouse’s tweet shows that SEC has been aloof to the fraud that Wells Fargo carried out.
In comparison, it has shown double standards in the case of FTX, which has been the attention of the media for the past couple of months. Wells Fargo has been mismanaging 16 million consumer accounts, according to a CNBC report. The San Francisco-based bank has agreed to pay a $1.7 billion civil penalty for its mismanagement. Many crypto adherents have accused SEC of attempting to kill crypto in the US.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC again bearish
Bitcoin’s low volume has sparked a BTC price warning as the metric has hit the ‘value zone.’ Bitcoin NVT signal data shows that conflicting events might happen at the current BTC price range.
The recent changes for Bitcoin show that there has been a negative change in its performance. The latest data shows that it has shed 0.21% over the last 24 hours. The seven-day data shows that it has regressed by 4.83%.
The price value of BTC is currently in the $16,831.26 range. The market cap value of Bitcoin is estimated to be $323,842,212,373. The 24-hour trading volume of Bitcoin is about $14,095,868,288.
BNB unable to resuscitate
Chainlink sending addresses have hit ATH as Binance inflow has increased. The move came after Binance had been successful in getting rid of the recent FUD created to affect it.
The performance of Binance Coin has also shown a negative trend. The latest data shows that it has receded by 1.57% over the last day. The seven-day data shows that it has shed 7.50%.
The price value of BNB is currently in the $245.07 range. The market cap value of this coin is estimated to be $39,203,690,545. The 24-hour trading volume of the same coin is about $472,964,070.
HNT in gains
Helium has continued to grow in value as it continues to be bullish. The latest data shows that it has 19.91% in a day. In comparison, the seven-day data shows that it has added 4.05%. The price value of HNT is currently in the $2.04 range.
The market cap value of Helium is estimated to be $275,060,165. The 24-hour trading volume of this coin is about $27,290,456. The same amount in its native currency is about 13,367,720 HNT.
HOT bullish
Holo has also been bullish as the market continues to be bullish for it. The latest data shows that it has added 1.47% over the last day. The seven-day data shows that it has shed 12.15%. The price value of HOT has improved to the $0.001495 range.
The market cap value of Holo is estimated to be $259,122,091. The 24-hour trading volume of this coin is about $8,609,073. The circulating supply of the same coin is about 173,342,974,127 HOT.
Final Thoughts
The global crypto market has seen a negative trend over recent hours. The downward pressure on Bitcoin, Binance Coin, and others continues. As the market has faced a decline in the influx of capital, there has been a considerable regression in value. The global market cap value has suffered losses as it is estimated to be $810.92 billion.
