The performance of the global crypto market has continued to improve. The recent hours proved favorable for Bitcoin, Binance Coin, and others. As the influx of capital continued, the market saw an enhancement in value. The trend for increasing gains is likely to continue. The market had seen a continuation of negative changes for the last few days. The ongoing positive changes are making up for those losses, attracting further investments.
Ethereum has completed Bellatrix in the final pre-merge update. According to the information, Ethereum Bellatrix hard fork went live at epoch 144,896. Bellatrix is the final Ethereum upgrade before the merge. The mentioned update has brought Ethereum one step closer to merge. Many developers, including Prysmatic Labs developer Terence Tsao, took to Twitter to celebrate this change.
The Ethereum merge is expected to be completed in two parts; the first part is Bellatrix, while the second part has been named Paris. The first part updated the consensus layer of the network, while the second part will produce blocks under the Proof of Stake system. The network’s hash rate has fluctuated, making it unsure exactly when the update will take place. The current estimates tell that it will take place between 13 and 15 September.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC nearing $20K
Bitcoin has seen a considerable decline in value as the Ethereum merge draws closer. The recent changes have brought Ethereum to the spotlight while Bitcoin dominance has fallen to four year low. Though currently, Bitcoin is the top-ranked cryptocurrency, it might face problems in the future.
The recent changes for Bitcoin show a slight improvement. The latest data shows that Bitcoin has added 1.27% over the last 24 hours. The weekly data shows that the performance of Bitcoin declined as it has shed 2.24%.
The price value for Bitcoin has improved slightly as it is currently in the $19,943.15 range. The market cap value for BTC is estimated to be $381,772,330,250. The 24-hour trading volume of this coin is about $34,030,563,630.
BNB on high rise
Kryptomon has plans to launch an exclusive physical NFT collection on Binance NFT. The blockchain game Kryptomon is supported by the living NFT metaverse and serves as a play-to-earn game. The launch on Binance NFT will provide it an opportunity to expand further.
The performance of Binance Coin has continued to improve due to the favorable market. The recent changes show that it has added 2.84% in 24 hours. The seven-day data shows that it has shed 2.60%.
The price value for BNB is currently in the $282.04 range. The market cap value for this coin is estimated to be $45,503,306,356. The 24-hour trading volume of the same coin is about $868,165,087.
NEXO remains bearish
The performance of Nexo has seen a decline as it turned bearish. The latest data shows that it has shed 5.16% over the last 24 hours. The weekly performance shows a loss of 1.16%. The price value for NEXO has also been affected as it is currently in the $0.9704 range.
The market cap value for Nexo is estimated to be $542,895,498. The 24-hour trading volume of this token is about $27,653,652. The same amount in its native currency is about 28,524,911 NEXO.
STX bullish
The value of Stacks has continued to grow due to the favorable market. The recent changes show that it has added 2.65% over the last 24 hours. In comparison, the performance for the last seven days shows a loss of 1.28%. The price value for STX is currently in the $0.368 range.
The market cap value for Stacks is estimated to be $490,318,179. The 24-hour trading volume of this token is about $10,411,342. The circulating supply of this token is about 1,332,401,210 STX.
Final Thoughts
The global crypto market has continued to grow as investors have shown bullish tendencies. The changes for Bitcoin, Binance Coin, and others show an addition in value. The global market cap value has also grown. The latest data shows that it is estimated to be $1.00 trillion.
