The global crypto market has continued to grow in value. The recent few days have seen an alternation of positive and negative trends. The said pattern has kept the market in a specific range, not letting it grow or deteriorate from that range. As the current situation shows, Bitcoin, Binance Coin, etc., have shown growth but haven’t been able to cross their previous resistance levels. The bearish market has brought Bitcoin the most losses due to the recessive situation.
Digital wallet Omni has raised $11 million in the seeding funding phase. Omni was previously known as the Steakwallet, and it has reached a $50 million valuation after the recent funding. According to the information disclosed, the funding groups include Spartan Group, GSR Ventures, Eden Block, OP Crypto, etc. The rebranding has led to increased investments from various companies. The funds it raised will be used to expand its services and integrations.
The integrations will take place for its non-custodial wallets with access to Web3 technologies. The firm is also looking for collaboration with Ethereum Layer-2 solutions like Polygon, Optimism, and Arbitrum. The company also revealed that it is preparing to integrate with zkSync and Starknet. The users of Omni wallets can store cryptocurrencies and NFTs in their wallets.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC attempting to cross $20K
Ethereum has continued to give Bitcoin a tough time as the merge approaches. The market remained shaky for Bitcoin while Ethereum is trading at its year high. While MicroStrategy analysts have said that the crypto winter might not be ending anytime soon. Thus Bitcoin might continue to face problems onwards.
The recent changes for Bitcoin show a little improvement in value. The latest data shows that it has added 2.97% over the last 24 hours. The weekly data shows that Bitcoin has declined by 2.97%.
The change in performance has brought Bitcoin’s price value to the $19,305.61 range. The market cap value for BTC is estimated to be $369,599,310,244. The 24-hour trading volume of this coin is about $34,273,327,737.
BNB trades below $280
BNB chain has announced zero-scale knowledge-proof scaling technology. While on the other hand, Binance Pool has joined mining firms to support Ethereum Classic. The statement came on Thursday amid the transition of Ethereum from Proof of Work to Proof of Stake.
The performance of Binance Coin has also seen a bullish trend. The recent data shows that it has added 5.75% over the last day. If we compare the performance for the last week, it has added 0.01%.
The price value for BNB is currently in the $278.69 range. The market cap value for this coin is estimated to be $44,962,318,741. The 24-hour trading volume of this coin is about $922,871,701.
XTZ in gains
The performance of Tezos also saw improvement as the influx of capital continued. The recent changes show that it has added 7.94% over the last 24 hours. The gains for the last seven days are about 1.38%. The price value for XTZ is currently in the $1.54 range.
The market cap value for Tezos is estimated to be $1,401,326,623. The 24-hour trading volume of this token is about $30,588,673. The same amount in its native currency is about 19,824,229 XTZ.
APE on recovery
The value of ApeCoin has also shown signs of recovery due to the bullish market. The recent data shows that it has added 4.76% over the last 24 hours. The weekly data shows a loss of 6.31%. The price value for APE is currently in the $4.48 range.
The market cap value for ApeCoin is estimated to be $1,368,892,765. The 24-hour trading volume of this token is about $147,373,008. The circulating supply of the same token is about 306,875,000 APE.
Final Thoughts
The global crypto market has seen a continuation of the positive trend. The recent few hours brought considerable gains to the market. The value of Bitcoin, Binance Coin, etc. improved, but it needs to cross the current resistance levels. The global market cap value also saw an enhancement. The latest data shows that it is estimated to be $979.32 billion.
