The global crypto market has seen a bullish trend as it attracted a new influx of capital. The performance of Bitcoin, Binance Coin, and others shows that the market has regained momentum. The addition of new capital has brought the market new energy in recent hours. Though the market has faced a bearish trend over the recent days, there is a likely chance of improvement in the coming hours. The bullish trend shows the resilience of the market.
Chelsea owner is amongst the top persons who are ready for a payout if Genesis has to go for a payout. Barry Silbert’s Digital Currency Group (DCG) could be forced to pay $350 million to financier and Chelsea owner Todd Boehly if its brokering Genesis goes under. Sources familiar to the company disclosed the details of possible payout. As per reports from media outlets, Boehly led a debt raise for DCG through his Eldridge Investment Group in November 2021.
The amount of the loan was about $600 million from the mentioned company and other lenders. If Genesis faces a failure, it will have to pay a $350 million loan before paying other loans. According to media outlets, Genesis has suspended some of its services recently.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC regains momentum
Bitcoin miner Greenridge has signed a $74 million debt restructuring agreement with NYDIG. If the deal is closed, it will help the company in restructuring as well as running the mining rigs. The turbulent market has been the cause of the downfall of various companies in Bitcoin mining.
The recent changes for Bitcoin show that it has regained momentum. The latest data shows that it has added 1.15% over the last 24 hours. The seven-day data shows that Bitcoin has shed 5.28%.
The price value of BTC is currently in the $16,841.44 range. The market cap value of Bitcoin is estimated to be $324,012,062,539. The 24-hour trading volume of Bitcoin is about $24,229,485,244.
BNB turns bullish
Binance has joined the US lobby group’s executive committee. Binance will serve as a member of the Chamber of Digital Commerce, and Binance will work on support and promotion of crypto-friendly regulations. Binance has been amongst the top promoters of crypto as the turbulence continues.
The performance of Binance Coin has also shown resilience. The latest data shows that it has added 1.85% in a day. The seven-day data shows that it has shed 8.69%.
The price value of BNB is currently in the $249.93 range. The market cap value of BNB is estimated to be $39,980,675,490. The 24-hour trading volume of the same coin is about $762,075,964.
XLM still in losses
Stellar has been in losses due to the bearish trend. The latest data shows that it has shed 1.40% over the last day. The seven-day performance shows that it has shed 10.67%. The price value of XLM is currently in the $0.07507 range.
The market cap value of XLM is estimated to be $1,957,002,678. The 24-hour trading volume of this coin is estimated to be $56,513,209. The same amount in its native currency is about 752,601,709 XLM.
CRO bearish
Cronos has also been bearish due to the negative trend. The latest data shows that it has shed 0.23% over the last 24 hours. The seven-day data shows that it has shed 9.18%. The price value of CRO is currently in the $0.05637 range.
The market cap value of Cronos is estimated to be $1,424,178,268. The 24-hour trading volume of this coin is about $13,711,838. The circulating supply of the same coin is about 25,263,013,692 CRO.
Final Thoughts
The global crypto market has seen a positive trend over recent hours. The performance of Bitcoin, Binance Coin, and others shows that there has been an improved influx of capital. As the market saw improvement in gains, there was an increase in its value. The latest data shows that the global market cap value is estimated to be $812.24 billion.
