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Bitcoin, Binance Coin, Avalanche, and Polygon MATIC Daily Price Analyses – 11 June Morning Price Prediction

Bitcoin
TL;DR Breakdown

The global crypto market has continued to shed value as it has lost 5.17% in the last 24 hours. Bitcoin hasn’t been able to recover value as its losses have reached 3.60% over the last 24 hours. Binance Coin has also been facing problems as its losses reached 7.48%. Avalanche and Polygon have been facing a bearish situation, losing 11.80% and 11.78%, respectively.

The global crypto market has continued to face problems as its losses have continued to soar. The changes in the market have been negative as there has been little positive influx for Bitcoin and coins. Though the previous wave of bullishness had helped it rise in value, the current wave seems to lower its resistance levels. The changes have affected the stabilizing coins, thus causing an outcry in the investor community.

Crypto has continued to extend its sphere of influence, and it has taken a majority of the US citizens. Many of them hold crypto or other digital assets, while others intend to join this bandwagon. But it is not limited to common citizens; congress members have also disclosed details of their crypto assets. According to the latest available details, 8 members of Congress have disclosed that they hold digital assets and have traded crypto since 2020. The financial disclosure will help in the further expansion of crypto.

Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.

BTC stays recessive

Bitcoin price has reached the lowest in the current week as it has continued to see losses. The market was performing relatively better and alternated between losses and gains. The current bearish wave lasted longer and has continued to affect Bitcoin. Also, a bill from Cynthia Lummis seems to be threatening Bitcoin and other cryptocurrencies.

BTCUSD 2022 06 11 20 01 16
Source: TradingView

The latest data shows that Bitcoin has shed 3.60% over the last 24 hours. If we compare the performance of Bitcoin for the last seven days, it has shed 4.15%. The increase in losses suggests that the customers might let it lower its resistance levels.

The price value for Bitcoin is in the $28,548.88 range. If we look at the market cap value for Bitcoin, it is estimated to be $544,275,958,475. The 24-hour trading volume for Bitcoin is about $29,359,229,148.

BNB speeds up its losses

Binance has joined hands with Artaverse for offline crypto payments for NFTs. According to the available updates, Binance Pay, ePayments, Alchemy Pay, etc., would be providing support to the mentioned platform in easing payments for its customers. Binance Coin value has also decreased considerably as its losses have continued to decrease.

BNBUSDT 2022 06 11 20 01 52
Source: TradingView

Binance Coin has continued in a difficult situation as its losses have seen no change. The latest data shows it has shed 7.48% over the last 24 hours. The increasing losses have affected its emaciated price value.

The current price value for BNB is in the $274.44 range. If we compare the market cap value for the same coin, it is estimated to be $44,812,729,331. The 24-hour trading volume of this coin is about $1,197,144,683.

AVAX continues to bleed

Avalanche has also remained bearish as its losses have increased to 11.80%. If we compare the weekly losses for this coin, it has shed 11.64%. The losses for AVAX have seen a speedy rise as the market moves downwards. The price value for this coin is in the $20.46 range.

AVAXUSDT 2022 06 11 20 02 23
Source: TradingView

If we look at the market cap value for this coin, it is estimated to be $5,859,292,716. The 24-hour trading volume for this coin is about $487,424,925. The same amount in its native currency is about 23,373,707 AVAX.

MATIC taking downward trajectory

Polygon has also continued to move downwards as the losses for the market increased. The latest data shows that it has shed 11.78%. In comparison, the weekly losses for MATIC are about 8.39%. Its price value has decreased considerably and is currently about $0.5457.

MATICUSDT 2022 06 11 20 03 01
Source: TradingView

If we take a peek at the market cap value for MATIC, it is estimated to be $4,404,947,051. The 24-hour trading volume of this coin is about $393,427,890. The circulating supply for this coin remained at 7,956,181,045 MATIC.

Final Thoughts

The global crypto market has continued to lower value as the losses continue to increase. The losses for Bitcoin and other currencies have soared while the investors have faced problems. The latest global market cap value data shows that it has reached $1.15T. The change in the value shows that resistance levels might be changing soon. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Muhammad Ali

Muhammad Ali

Muhammad Ali is an expert on crypto investments. Loving to write about fintech, he joins the team to provide detailed analyses of the hottest crypto news.

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