The global crypto market hasn’t been able to retain its gains as the losses continue. The increase in bearishness has affected Bitcoin, Binance Coin, and others. The change in pace has continued in the negative direction affecting its overall performance. It was bullish for the last few days, but the recent wave has affected it. It is yet to be seen how long the losses will continue.
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Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC loses pace
Bitcoin has seen a pause in gains as the global market has cooled. The recent bullish wave had taken it higher, but it seems it will lower in the coming days. It had added almost $4,000 in the recent few days, but it doesn’t seem to retain the gains. It will affect the overall market as well.
The latest data shows that Bitcoin has seen a further decline in value. The data for the last 24 hours shows a loss of 3.05% over the last 24 hours. In comparison, the weekly performance shows an addition of 5.21%.
The price value for Bitcoin is in the $23,058.25 range. The market cap value for Bitcoin is estimated to be $441,632,671,456. The 24-hour trading volume of Bitcoin is about $24,122,244,974.
BNB lowering further
KYC is one of the most challenging policies that threaten Binance like other cryptocurrency exchanges. According to the available estimates, it has a chance to lose almost 90% of its clients if it implements KYC. The reason is that most customers don’t want to reveal their identity while using DeFi. It will have lasting impacts on the global crypto market.
Binance Coin has also seen a decline in value as it has shed 2.83%. The weekly performance shows consolidation as it has added 11.19%. It needs to retain gains to maintain value.
The price value for BNB is in the $283.90 range. If we compare the market cap value, it is estimated to be $45,886,564,267. The 24-hour trading volume of this coin is about $1,336,512,883.
VET sees speedy losses
VeChain has also seen a decline in value as the market has kept fluctuating. The latest data shows a loss of 4.30% over the last 24 hours. The weekly performance shows an addition of 10.40%. The price value for this coin is in the $0.02689 range.
The market cap value for VET is estimated to be $1,964,559,357. The 24-hour trading volume of this coin is about $122,853,977. The same amount in its native currency is about 4,534,494,043 VET.
AAVE on decline
Aave has also experienced a lag in pace as the losses continue. The latest data shows a loss of 8.59% over the last 24 hours. The weekly performance shows an addition of 12.95%. The fluctuations have brought its price value to the $96.32 range.
The market cap value for AAVE is estimated to be $1,345,719,585. The 24-hour trading volume of this coin is about $338,435,946. The circulating supply of this coin is about 13,971,813 AAVE.
Final Thoughts
The global crypto market has experienced fluctuations as the funds’ inflow has kept changing. The impacts on the overall market are evident as there has been a decrease in its value. The value of Bitcoin, Binance Coin, etc., is one decline due to these fluctuations. The global market cap value has also suffered. It is currently estimated to be $1.07 trillion.
