The performance of the global crypto market has seen an improvement in value as the gain grew. The changes have made up for the previously shed amount for Bitcoin and other coins. If the gains continue, the market might be able to reverse the losses. The changing market has given investors hope as they lost a significant value.
The changing market situation can be seen from multiple perspectives. One of these is the mental problems that have resulted from crypto dealings. According to the latest reports, the intake of patients looking to control crypto addiction has increased. The data has been taken from various rehab centres offering services to patients seeking to cure addictions.
Elon Musk has refuted the claims that he has asked people to invest in cryptocurrency. In a recent interview with Bloomberg, he said that he hasn’t urged anyone for crypto investments and isn’t responsible for their losses during the current bearish wave.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and other altcoins.
BTC in a stable range
New York State has continued to clamp on crypto as it has brought another bill to create hurdles for Bitcoin mining. In contrast to other states which have created ease for Bitcoin miners, New York has remained antagonistic to this idea. It has brought various bills that aim to prevent mining cryptocurrencies, especially Bitcoin.
The latest data for Bitcoin shows that it has added 1.37% over the last 24 hours. In comparison, the performance of Bitcoin for the last seven days shows an increased loss of 5.24%. The changing situation of inflation rates might increase the losses.
The price value for Bitcoin is in the $20,928.55 range. In comparison, the market cap value is estimated to be $399,172,900,379. The 24-hour trading volume of Bitcoin is about $30,850,132,841.
BNB continues to grow
Binance Coin has seen speedy growth in value while other coins in the market have also improved. But according to market analysts, it might not last long as another wave of recession awaits. According to Deutsche Bank experts, the US recession will get further severe as Fed seems to take an aggressive path. Thus, it would affect the overall crypto market.
The latest data shows that Binance Coin has added 2.14% over the last day. The comparison to the last seven days shows that the losses are about 0.64%. The market has changed positively as it has attracted continuous gains.
The price value for BNB is in the $219.52 range. In comparison, the market cap value for Binance Coin is estimated to be $35,841,812,894. The 24-hour trading volume of this coin is about $1,214,046,084.
WAVES scaling vertically
Waves have also seen a trend for speedy gains as their value increased. The latest data shows that it has added 17.07% over the last day. The seven-day performance shows that the addition it has made is about 15.87%. The price value has also increased in tandem as it is currently about $5.65.
The increasing value has also strengthened its market cap value, estimated to be $613,740,764. The 24-hour trading volume of Waves remained at $511,431,491. The same amount in its native currency is about 90,488,061 WAVES.
CHZ growing continuously
Chiliz also saw a rise in value though comparably lower than Bitcoin and other coins in the market. Its performance shows that it has added 1.56% over the last day. In comparison, the weekly gains are about 2.66%. Thus, it has remained bullish for a while, raising the price value to the $0.09595 range.
If we take a peek at the market cap value for this coin, it is estimated to be $575,714,416. The 24-hour trading volume of this coin is about $73,379,791. The circulating supply for this coin remained at 6,000,378,771 CHZ.
Final Thoughts
The performance of the global crypto market has remained satisfactory as the gains continue. The previous day brought significant gains to the value of Bitcoin, Binance Coin, and others. It raised the global market cap value, which is currently estimated to be $921.14 billion. The current situation has helped enhance customer trust with the rising profits.
