The global crypto market has seen a trend of decline as it couldn’t retain the recent rush. The latest data for Bitcoin, Binance Coin, and others shows that their value has lowered. As the market has been in a negative mood, there is downward pressure on coins. The downward pressure has also affected the influx of capital. Investors feel worried about their capital and prefer to go for sell-offs in such cases. Thus, there is a possibility of the continuation of the negative trend.
Web3 will likely go mobile as Solana’s first crypto smartphone has finally been unveiled. The mentioned phone has features and specifications fulfilling the need for Web3 applications. Solana is preparing for the release of Solana Saga, which claims to be the first-ever crypto smartphone. The Web3 phone has been developed in collaboration with OSOM and will use the Android operating system.
The crypto smartphone from Solana will come with a dApp store. Solana first announced this phone in July, but few details have been shared. The smartphone will fully integrate with the Solana network, and it is likely to be released in Q1 of 2023 at $1K. The mentioned phone might face issues convincing the users as Solana faced a security compromise recently.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC turns regressive
Bitcoin had surged to a six-week high but couldn’t retain its momentum due to powerful bears. The previous few weeks kept its price at $19K, leaving the investors in a state of skepticism. The recent changes gave investors hope, but again, fluctuations are seen.
The recent changes for Bitcoin show no positive development, instead has seen a devaluation. The latest data shows it has shed 0.84% over the last 24 hours. The weekly data shows that it has added 6.94%.
The price value for BTC is currently in the $20,615.09 range. The market cap value for Bitcoin is estimated to be $396,853,755,570. The 24-hour trading volume of this coin is about $53,434,112,499.
BNB in losses
Binance has seen a trend of withdrawals of Bitcoin. According to available updates, BTC worth $1.1 billion was withdrawn from Binance. There was a record buying trend for BTC seen from various exchanges, and Binance was one of them.
The performance of Binance Coin has given no optimistic results. The latest data shows it has shed 0.16% over the last 24 hours. The weekly data shows that it has added 5.69%.
The price value for BNB is currently in the $288.33 range. The market cap value for this coin is estimated to be $46,229,976,873. The 24-hour trading volume of this coin is about $1,079,666,754.
XCN lowers value
The value of Chain has continued to lower due to the recent bearish turn of the market. The latest data shows that it has shed 2.07% over the last day. The weekly data shows that it has receded by 21.88%. The negative trend has brought XCN price value to the $0.05235 range.
The market cap value for Chain is estimated to be $1,123,403,507. The 24-hour trading volume of this coin is about $18,405,879. The same amount in its native currency is about 351,810,780 XCN.
OKB sees downtrend
OKB has also seen a downtrend due to a decline in gains. The latest data shows that it has shed 1.74% over the last 24 hours. The weekly data shows that it has shed 0.08%. As the negative trend continues, the price value for OKB has reached the $15.91 range.
The market cap value for OKB is estimated to be $957,081,128. The 24-hour trading volume for this coin is about $30,303,530. The circulating supply of the same coin is about 60,000,000 OKB.
The global crypto market has seen a trend of losses over recent hours. The latest data shows that Bitcoin, Binance Coin, and others couldn’t perform well. The negative changes have resulted in considerable losses for the market. The result has been a significant decline in the global market cap value. The latest data shows that it is estimated to be $1.00 trillion.