The global crypto market has continued to shed value as negative changes have continued. The changes have further affected Bitcoin, Binance, and other coins’ value as they couldn’t resist depreciation. Thus, they have shed value while the global market cap value has also continuously decreased. The depreciating trend has seen no end despite the huge losses for the market over the last couple of months.
The market has continued in an uncertain situation as it has seen a drop in the Fear and Greed Index. According to the latest available data, the Fear and Greed Index has dropped to 6, the lowest since 2018. The losses for Bitcoin have grown, which has led to a speedy loss for the market.
The losses are not just limited to the currency market. Instead, they have continued to crush the GameFi market. There have been many victims of this market since the start of the bearish market. The sustained losses have continued, which might bring many to an end. It is yet to be seen which ones will show resilience.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and other altcoins.
BTC drops to $19K
Bitcoin downtrend has continued without any changes. The latest data shows that Bitcoin has dropped to its 18-months low. As its value has degraded to $19K, it has raised eyebrows. It is yet to be seen whether it will continue bearish and lower further.
The latest data for Bitcoin shows that it has shed 8.66% over the last 24 hours. If we compare the weekly losses, it has shed 33.33%. The loss trend has lessened its strength, affecting its crucial support level of $20K.
The price value for Bitcoin has continued to drop as it is currently about $19,187.83. In comparison, the market cap value has also seen a decrease, as it is estimated to be $368,683,695,816. The 24-hour trading volume of Bitcoin is about $33,137,888,937.
BNB facing severe backlash
Binance has decided to change payment partners in Brazil to improve its services. The decision came as the result of quality issues related to customer solutions. If the decision is implemented, Binance will replace Capitual, which currently serves Binance in payments. It will look for a local partner for this purpose.
Binance Coin has also faced problems as its value has receded 7.30% over the last 24 hours. The losses for the last seven days are about 27.61%. The price value for Binance Coin has also continued recessive.
The latest price value for BNB is in the $33,053,578.872 range. The market cap value for this coin is estimated to be $33,053,578,872. The 24-hour trading volume of this coin is about $1,248,319,596.
XLM in a losing mood
Stellar has continued in a losing mood as the market has seen little improvement. The latest data shows that it has shed 5.98% over the last 24 hours. The weekly data shows that the losses for this coin amount to 17.92%. The price value for XLM has been reduced to $0.106.
The market cap value for XLM is about $2,651,805,557. In comparison, the 24-hour trading volume of this coin is about $156,360,804. The same amount in its native currency is about 1,473,405,824 XLM.
ETC faltering
Ethereum Classic has continued to face problems as its losses have increased. The latest data shows it has shed 5.85% over the last day. In comparison, the losses for the last seven days are about 29.09%. The rise in losses has deprived ETC of a significant value.
The price value for ETC is in the $13.52 range. In comparison, its market cap value is estimated to be $1,830,640,616. The 24-hour trading volume of this coin is about $266,341,466. The circulating supply for this coin is about 135,353,344 ETC.
Final Thoughts
The performance of the global crypto market hasn’t improved as its losses have increased. The latest data shows that Bitcoin, Binance Coin, and others have continued recessive. This has had an impact on the global market cap value as well as it has reached $845.41 Billion. While if we look at the leading giant of the market, i.e., Bitcoin, its price has reached new lows.
