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Bitcoin, Binance Coin, Ethereum Classic, and Chainlink Daily Price Analyses – 8 October Morning Prediction

Bitcoin

The global crypto market saw a reduction in losses as it is weighing its options to regain value. The recent changes for Bitcoin, Binance Coin, and others show considerable change. The market had remained recessive for a while as it saw no hope due to a lowering influx of capital. The recent hours brought gains that strengthened the value of various coins in the market. The ongoing situation shows that the market is likely to gain further value.

Crypto.com has downsized some sports partnership deals amid the downturn in the market. The crypto exchange has reportedly cut the size of agreements signed with the 2022 FIFA Football World Cup, Angel City Football Club, and Twitch Rivals. The changes came as the result of staff cuts and the market downturn. According to media reports, the scope of the sponsorship agreements was cut, while in some cases, it reportedly attempted to pull out.

According to media outlets, some former employees have disclosed this news. According to sources, the company is struggling with its decisions because fewer employees can’t cope with the pressure. Crypto.com had made some high-profile dealings in the past twelve months but couldn’t retain them due to market bearishness.  

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

BTC recessive

As said earlier, a Bitcoin user has discovered the long-last Bitcoin. Satoshi’s long-lost Bitcoin contains some personal details. The available data shows that the Bitcoin is Version 0.1 Codebase and contains details of never-before-seen personal notations of the Bitcoin founder.

BTCUSD 2022 10 08 18 13 08
Source: TradingView

The recent data for Bitcoin shows a resuscitation in value. As the market gained momentum, it reduced losses to 0.48%. The ongoing changes show that Bitcoin has added 1.13% over the last seven days.

The price value for Bitcoin is currently in the $19,507.37 range. The market cap value for Bitcoin is estimated to be $374,205,465,159. The 24-hour trading volume of Bitcoin is about $22,896,992,326.

BNB continues to lose

Binance continued to face problems over the recent hours because of the ongoing market downturn. Binance-backed smart chain paused over a potential multi-million exploit, due to which the token saw a decline of 4%. Later, it regained value as the administration announced that the funds were safe.

BNBUSDT 2022 10 08 18 13 34
Source: TradingView

The performance of Binance Coin shows a change in its value. The latest data shows that it has receded 0.25% over the last day. The seven-day data shows that it has shed 0.57%.

The price value for BNB is currently in the $280.86 range. The market cap value for this coin is estimated to be $45,355,449,968. The 24-hour trading volume of this coin is about $684,507,775.

ETC gains momentum

The value of Ethereum Classic has also improved due to the influx of capital. The latest data shows that it has added 0.11% over the last day. The seven-day data shows that it has shed 0.82%. As the market remained favorable for ETC, its price value has improved to the $27.41 range.

ETCUSDT 2022 10 08 18 14 02
Source: TradingView

The market cap value for Ethereum Classic is estimated to be $3,762,178,079. The 24-hour trading volume of this coin is about $278,618,706. The same amount in its native currency is about 10,165,892 ETC.

LINK in gains

The performance of Chainlink has also improved due to increased gains. The latest data shows it added 0.22% over the last day. The seven-day data shows that it has shed 0.06%. The price value for LINK is currently in the $7.55 range.

LINKUSDT 2022 10 08 18 14 20
Source: TradingView

The market cap value for Chainlink is estimated to be $3,713,833,675. The 24-hour trading volume of this coin is about $251,119,138. The circulating supply of this coin is about 491,599,970 LINK.

Final Thoughts

The global crypto market has seen a change in performance as the value of gains improved. The recent changes show that Bitcoin, Binance Coin, and others saw enhancement. As the performance of the market improved, there was an increase in its value. The global market cap value also improved. The latest data shows that it is estimated to be $945.34 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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