The global crypto market has continued the positive trend as the overall performance shows bullishness. The value of Bitcoin, Binance Coin, and others has considerably enhanced due to gains. The change in the market has proved a good omen for the investors as they have made gains. The ongoing situation shows that sell-offs have decreased and might come to further lows. As the bullish trend continues, the market might have a chance to cross previous resistance levels.
The recent bearish change in the market has brought various crypto companies under probe. According to the available updates, Jack Dorsey’s Block cash app has also come under the lens of the probe. The Consumer Financial Protection Bureau (CFPB) has taken the mentioned company to a federal court.
CFPB has alleged that the Block app didn’t comply with its investigative demands. The said organization wanted to know about Block’s payment tools. Cash app is a popular platform that can be used for the transaction of stocks and Bitcoin. CFPB filed an application on 18 August in the US District Court for Northern California regarding this issue. CFPB demands that it provides all relevant documents and data demanded back in 2020 and 2021.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC in gains
Scammers have continued to find Bitcoin a convenient option for defrauding users. The demand for Bitcoin and its value is the reason they have continued to utilize its name. The latest scam called ‘Pig Butchering’ has grown alarmingly popular.
The recent changes for Bitcoin show a continuation of the positive trend. The latest data shows an increase of 0.67% over the last 24 hours. The weekly data shows a loss of 12.71% for Bitcoin.
The price value for BTC is in the $21,404.82 range. The market cap value for Bitcoin is estimated to be $409,428,934,129. The 24-hour trading volume of this coin is about $25,308,490,860.
BNB close to $300
Binance Coin has seen considerable growth after the recent lag in the market. The recent bearish wave pulled it back despite adding significant gains. The change in pattern has affected the investors, but it has gained momentum soon. The recent changes show that it is expected to grow speedily.
Binance Coin has also been in gains due to speedy influx. The latest data shows a gain of 4.05% for this coin. The weekly data shows a reduction of losses to 7.79%.
The price value for BNB is in the $298.33 range. The market cap value for this coin is estimated to be $48,131,979,503. The 24-hour trading volume of the same coin is about 1,299,077,969.
XTZ attempting to recover value
Tezos has also been making attempts to recover value. The latest data shows a gain of 1.35% over the last 24 hours. The seven-day data shows a loss of 14.91% for this coin. The price value for XTZ is in the $1.62 range.
The market cap value for Tezos is estimated to be $1,466,407,905. The 24-hour trading volume of this coin is about $36,109,098. The same amount in its native currency is about 22,311,096 XTZ.
EGLD remains bullish
Elrond has also been in a bullish mood as the gains continue. The latest data shows this coin’s growth of 0.36% over the last 24 hours. The seven-day data shows that it has shed 16.76%. The change in its performance has brought its price value to the $53.96 range.
The market cap value for EGLD is estimated to be $1,239,108,078. The 24-hour trading volume of this coin is about $34,949,158. The circulating supply of this coin is about 23,025,987 EGLD.
Final Thoughts
The global crypto market has continued to gain value. The recent changes show that the market has gained traction, adding a considerable amount. The gains for Bitcoin, Binance Coin, and others show significant change. As the gains continue, the global market cap value has also improved. The latest data shows that it is currently estimated to be $1.02 trillion.
