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Bitcoin, Binance Coin, Chiliz, and Theta Network Daily Price Analyses – 17 October Morning Prediction

Bitcoin

The global crypto market has seen a trend of bullishness due to the continued gains. The recent changes for Bitcoin, Binance Coin, and others show a change in pattern. The recent influx of capital is not that strong, and little groundbreaking change is expected. As the current situation persists, the market is likely to remain uncertain. The lasting situation of the alternating trend of losses and gains has affected the market strength.

Coinbase is looking forward to expansion in Europe despite the job cuts in the US. Amid the concerns of growing macro problems, Coinbase has laid off thousands of its employees in the US this year. Reportedly, the world’s second-largest exchange has laid off 20% of its employees this year. But it is looking forward to expanding its business to Europe and has hired Daniel Seifert to help realize its plans.

Seifert has previously served as the chief operating officer at Solarisbank. Coinbase made some groundbreaking achievements as it secured regulatory registration from Italy and Netherlands. The company is also working on fulfilling the requirements to get the same permit to operate in UK and Ireland. The company’s vice president said that expansion is an existential priority for them.

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

BTC continues to grow

Bitcoin continues to be a great investment opportunity, according to DBS Bank. The investment strategist and senior vice president of the bank, Daryl Ho, shared his thoughts regarding Bitcoin. Despite the bearish market, he still thinks that Bitcoin is a good investment opportunity.

BTCUSD 2022 10 17 17 19 21
Source: TradingView

The recent data for Bitcoin shows a slightly bullish trend for Bitcoin. The latest data shows that it has added 1.56% over the last 24 hours. The weekly data for Bitcoin shows that it has added 0.48%.

The recent changes have helped hike the BTC price value to the $19,430.31 range. The market cap value for Bitcoin is estimated to be $372,978,857,473. The 24-hour trading volume of Bitcoin is about $22,858,201,854.

BNB bullish

Binance has announced that it has completed the burn of $570 million worth of BNB in the 21st quarterly burn event. Binance is working on a coherent strategy to keep its business afloat, and this burn is part of the same strategy.

BNBUSDT 2022 10 17 17 19 43
Source: TradingView

The ongoing trend of gains has also benefitted Binance Coin. The recent data shows that it has added 1.14% over the last 24 hours. In comparison, the weekly data shows a loss of 0.76%.

The price value for BNB is currently in the $273.00 range. The market cap value for this coin is estimated to be $44,065,436,342. The 24-hour trading volume of this coin is about $607,414,898.  

CHZ in gains

The performance of Chiliz has also shown an uptrend recently. The latest data shows that it has added 1.43% over the last day. The seven-day data for this coin shows a loss of 9.89%. As the fluctuations continue, the price value for CHZ is in the $0.1837 range.

CHZUSDT 2022 10 17 17 20 02
Source: TradingView

The market cap value for Chiliz is estimated to be $1,104,248,061. The 24-hour trading volume of this coin is about $124,454,545. The same amount in its native currency is about 676,275,065 CHZ.

THETA trying to reclaim ground

Theta Network has also made attempts for a comeback. The latest data shows that it has added 1.07% over the last 24 hours. In comparison, the weekly data shows a regression of 3.44%. The recent changes have brought THETA’s price value to the $1.01 range.

THETAUSDT 2022 10 17 17 21 02
Source: TradingView

The market cap value for Theta Network is estimated to be $1,014,717,090. The 24-hour trading volume of this coin is about $14,155,105. The circulating supply of this coin is about 1,000,000,000 THETA.

Final Thoughts

The global crypto market has made a comeback over recent hours as it added a considerable amount. Though there have been fluctuations due to the macroeconomic situation, these bullish changes give investors hope. As the market saw gains over the recent hours, there has been an increase in the global market cap value. The latest data shows that it is estimated to be $930.00 billion. 

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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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