The global crypto market has seen a negative change in performance as it couldn’t retain gains. The value of Bitcoin, Binance Coin, and others continues to decline. The recent hours saw an increase in losses as the value of various coins speedily deteriorated. The negative change has resulted in the loss of the recent value addition which came as the result of a bullish market. If the current situation pervades, there are further losses expected.
European crypto venture firm LeadBlock Partners has hit $150 million at the first close. The London and Paris-based crypto venture has said that it closed the first phase of the new fund. The target value of this fund was kept at $150 million and it has been successfully achieved. Through its first phase, the venture firm has supported Yuga Labs, Bitpanda, and BlockFi. The founding partner David Chreng-Messembourg is looking to draw on his experience working with market makers.
The company was founded two years back by former Goldman Sachs employees David Chreng-Messembourg, Baptiste Cota, and Jean-Marc Puel. The company has raised tens of millions and has made its bets on various startups. The new fund will be used to be invested in equity and tokens. Various major names are part of this venture capital company and have supported it via investments.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC back to $19K
Bitcoin price has reached a 2-week low as a result of macroeconomic changes. One of the main reasons for it is the US midterm elections while on the other hand, bank-run on FTX has also affected its value.
The recent changes for Bitcoin show no improvement, instead, it has devalued. The latest data shows that it has shed 4.96% over the last 24 hours. The weekly performance of Bitcoin shows a loss of 4.00%.
The price value of BTC is currently in the $19,699.12 range. The market cap value of Bitcoin is estimated to be $378,360,148,003. The 24-hour trading volume of Bitcoin is about $67,753,790,190.
BNB continues recessive
Binance has seen a speedy rise in value as investors moved about 20K Bitcoins from FTX to Binance. The last two days saw a speedy influx toward the leading exchange because of the uncertainty Binance is facing.
The performance of Binance Coin has also seen a speedy decline. The latest data shows that it has shed 1.75% over the last day. The weekly performance of this coin shows an addition of 0.68%.
The price value of BNB is currently in the $324.27 range. The market cap value of this coin is estimated to be $51,833,823,293. The 24-hour trading volume of this coin is about $2,704,761,324.
FLOW in severe losses
The value of Flow has also declined as a result of the bearish market. The latest data shows that it has receded by 8.20% over the last day. The weekly data shows that it has shed 4.47%. The price value of FLOW is currently in the $1.59 range.
The market cap value of Flow is estimated to be $1,652,683,700. The 24-hour trading volume of this coin is about $58,313,078. The same amount in its native currency is about 36,561,147 FLOW.
OKB turns bearish
The performance of OKB is not impressive as it couldn’t improve. The latest data shows that it has shed 0.39% over the last day. The weekly performance of this coin shows that it has added 31.53%. The price value of OKB is currently in the $21.73 range.
The market cap value of OKB is estimated to be $1,303,887,171. The 24-hour trading volume of this coin is about $51,445,769. The circulating supply of this coin is about 60,000,000 OKB.
Final Thoughts
There has been no change in the negative performance of the global crypto market over recent hours. The value of Bitcoin, Binance Coin, and others has continued to decline. As the market remains at lows, the global market cap value has also been affected. The latest data shows that it is estimated to be $978.74 billion.
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