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Bitcoin, Binance Coin, Cronos, and Flow Daily Price Analyses – 24 August Morning Price Prediction

Bitcoin
TL;DR Breakdown
  • The global crypto market has gained momentum, adding 0.45% over the last day.
  • The performance of Bitcoin has seen a negative trend as it has shed 0.06%.
  • The value of the Binance Coin has seen bearishness as it has shed 0.50% in a day.
  • Cronos is bearish as it has shed 0.22%, while Flow is bullish as it has added 3.67%.

The global crypto market has been uncertain over the last 24 hours. The performance of Bitcoin, Binance Coin, and others has seen a negative change. In comparison, other tokens have seen a positive change. The uncertainty in the market might continue for a while. As the market has experienced bearishness, the performance of different tokens has varied. The investors have remained uncertain because of no surety about gains. If the uncertainty continues, the market might be pushed to another wave of bearishness.

Uniswap is working on NFT financialization and has continued talks with seven lending protocols for this purpose. The agreement’s purpose with each protocol will be to solve liquidity fragmentation and information asymmetry problems. The head of its NFT products, Scott Lewis, disclosed these details in a tweet. He has referred to it as the first step toward building NFT financialization.

The NFT community has welcomed the company’s interest in NFTs. Uniswap has shown its interest in the NFT industry with acquisitions and integration. The DEX recently announced that it had integrated Sudoswap, which is a decentralized NFT marketplace. Thus, Uniswap users will be able to perform transactions in an easy manner.

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

BTC bearish

Bitcoin has come to the market intending to replace traditional banking. The banking sector doesn’t like it for this reason, and it is likely to continue the same. Analysts think that there are serious legacy flaws, and the banking sector might have to reconsider its stance regarding Bitcoin.

BTCUSD 2022 08 24 17 11 32
Source: TradingView

The recent data for Bitcoin shows that it has seen no change. The latest data for Bitcoin shows that it has shed 0.06% over the last 24 hours. The weekly performance of Bitcoin shows that it has shed 9.67%.

The price value for Bitcoin is currently in the $21,453.14 range. The market cap value for Bitcoin is estimated to be $410,410,179,918. The 24-hour trading volume of Bitcoin is about $31,610,020,841.  

BNB facing losses

Binance has continued to expand its influence. In a recent update, Binance saw its representation in the Philippines senate during a crypto regulation hearing. There were other watchdogs in the meeting who presented their proposals. Binance also discussed the prospects and possible repercussions of the regulations.

BNBUSDT 2022 08 24 17 12 04
Source: TradingView

The performance of Binance Coin has also seen a negative trend. The latest data shows that it has shed 0.50% over the last day. The seven-day performance for it shows a loss of 5.07%.

The price value for BNB is in the $297.28 range. The market cap value for this coin is estimated to be $47,961,638,328. The 24-hour trading volume of this coin is about $967,572,458.

CRO uncertain

Cronos has also remained uncertain as the losses continue. The latest data shows a loss of 0.22% over the last 24 hours. The seven-day performance shows a loss of 14.32%. The price value for CRO is currently about $0.1283.

CROUSDT 2022 08 24 17 12 29
Source: TradingView

The market cap value for Cronos is estimated to be $3,241,409,932. The 24-hour trading volume of this coin is about $13,478,961. The same amount in its native currency is about 105,052,799 CRO.

FLOW adding gains

The value of Flow has seen improvement due to continuing gains. The latest data shows that it has added 3.67% over the last 24 hours. The seven-day performance shows a loss of 17.33%. The price value for FLOW is currently about $2.20.

FLOWUSDT 2022 08 24 17 13 33
Source: TradingView

The market cap value for Flow is currently estimated to be $2,275,287,763. The 24-hour trading volume of this coin is about $49,114,646. The circulating supply of the same coin is about 1,038,200,000 FLOW.

Final Thoughts

The global crypto market has seen a continuation of the bearish trend for the majority of the coins. There is still certainly in the market as various coins continue to shed value. The changes in the market have affected Bitcoin, Binance Coin, and others. As the market has remained uncertain, the global market cap value has seen no big change. The mentioned value is currently estimated to be $1.03 trillion.

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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