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Bitcoin, Binance Coin, Cronos, and Quant Daily Price Analyses – 7 December Morning Prediction

Bitcoin

TL;DR Breakdown

  • The global crypto market has faced a declining trend as it shed 1.45% in the last 24 hours.
  • The performance of Bitcoin has also shown a recessive trend, as it shed 0.90%.
  • The value of Binance Coin has also lowered as it shed 1.34% over the last day.
  • Cronos and Quant are both recessive as they have shed 2.54% and 4.73%, respectively.

The global crypto market has faced a negative trend as it couldn’t retain gains. The recent changes for Bitcoin, Binance Coin, and others show a continuation of regression. Though the market had turned bullish, there had been no significant change. The downward pull over the market continues despite attempts to improve the situation. The ongoing turbulence has deprived investors of a significant amount. If the current situation persists, the market might face further losses.   

Metamask has reviewed its policy after backlash, and users should expect new changes. According to the new policy, users’ data will be stored just for seven days. Furthermore, Metamask will allow options for different RPCs upon registration and subsequent usage. In the recent turn of events, Metamask has declared a change in its policy. The amendments in the regulations came as the result of changes that the company had made to its regulatory policy.

The developers of Metamask wallet, ConsenSys, announced in a policy update that they would keep certain data for a period of seven days. The mentioned data includes wallet addresses, IP addresses, etc., for a maximum of seven days. The statement further added that the company doesn’t keep track of customers’ metamask wallet details when they access their accounts.

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

BTC still in losses

Texas seeks to incentivize Bitcoin miners to lower consumption during peak hours. Texas State has shared details regarding a voluntary program to lower power consumption during high-demand hours. Bitcoin has been criticized by environmental activists for its high energy consumption.

BTCUSD 2022 12 07 18 37 44
Source: TradingView

The recent changes for Bitcoin show the continuation of the negative trend. The latest data shows that it has shed 0.90% over the last day. The seven-day data shows that it has added 0.20%.

The price value of BTC is currently in the $16,866.34 range. The market cap value of Bitcoin is estimated to be $324,286,081,956. The 24-hour trading volume of Bitcoin is about $21,731,715,720.

BNB facing decline

An audit from Mazars said that Binance’s Bitcoin reserves are collateralized by 101%. The auditors concluded that Binance’s Bitcoin reserves are fully collateralized. Furthermore, these collateralized funds follow proof-of-reserves and proof-of-liabilities verification. Binance took the step to verify assets so that a strong trust is built in the emaciated market.

BNBUSDT 2022 12 07 18 38 01
Source: TradingView

The performance of Binance Coin has also shown a negative trend. The latest data shows that it has shed 1.34% in a day. The seven-day data shows that it has receded by 4.85%.

The price value of BNB is currently in the $284.58 range. The market cap value of this coin is estimated to be $45,524,558,672. The 24-hour trading volume of the same coin is about $766,364,501.

CRO stays recessive

The value of Cronos has continued to lower due to the negative trend. The latest data shows that it has regressed by 2.54% over the last 24 hours. The seven-day data shows that it has added 0.36%. The price value of CRO is currently in the $0.06446 range.

CROUSDT 2022 12 07 18 38 18
Source: TradingView

The market cap value of Cronos is estimated to be $1,628,387,046. The 24-hour trading volume of this coin is about $46,918,133. The same amount in its native currency is about 729,788,199 CRO.  

QNT moving downwards

Quant has also been facing a recessive trend as it couldn’t improve. The latest data shows that it has shed 4.73% in a day. The seven-day data shows that it has shed 0.54%. The price value of QNT is currently in the $118.88 range.

QNTUSDT 2022 12 07 18 39 36
Source: TradingView

The market cap value of Quant is estimated to be $1,435,175,207. The 24-hour trading volume of this coin is about $31,638,168. The circulating supply of the same coin is about 12,072,738 QNT.

Final Thoughts

The global crypto market has witnessed a negative trend over recent hours. The available data for Bitcoin, Binance Coin, and others shows a continuation of the recessive trend. As the market has faced a decline, there has been a reduction in capital influx. The negative trend has also been detrimental to investor gains. The global market cap value has also lowered as it is estimated to be $841.47 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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