The global crypto market has shown a mixed response during the last 24 hours. Some coins, including Bitcoin, are bullish, while some, like Binance Coin, have shown a bearish tendency. The changes in the performance of various coins have resulted in the hampering of the market’s growth. The changes have lowered the growth, which would have been better if the market hadn’t changed pace. The current situation might lead to another wave of bearishness.
Dubai has continued to utilize crypto for different purposes. Various businesses in Dubai have begun to accept crypto for services. While others have adopted blockchain systems for businesses. The latest in this regard is setting a milestone as a Dubai property developer has completed real estate deals worth $50 million via crypto. It can be considered a great achievement because of the increased risk involved in turbulent times.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and some others.
BTC staying close to $30K
The performance of Bitcoin has seen fluctuations as the short-term investors have capitulated while those holding it for a longer term have remained in benefit. On the other hand, Bitcoin analysts have predicted that Bitcoin might lower to $22K because the bearishness might last for a while.
The latest data for Bitcoin shows that it has added 0.30% over the last 24 hours. If we compare the weekly performance, Bitcoin has added 1.53%. The increasing trend for sell-offs shows lowering Bitcoin value.
The price value for Bitcoin is in the $29,714.24 range. If we compare the market cap value for Bitcoin, it is estimated to be $566,107,000,471. The 24-hour trading volume for Bitcoin is about $16,002,817,304.
BNB turns recessive
Binance has aims for expansion as they have spread across the world. The latest development is setting up a target regarding the US market. According to the available updates, Binance US aims to get a license in all 50 US states in 2022. If it happens, Binance will benefit greatly from its gains. It has already been working on raising funds for different projects.
The latest data for Binance Coin shows that it has shed 0.24% over the last 24 hours. The weekly performance also shows losses as it has receded by 1.98%. Binance Coin has seen a significant loss in value recently.
The price value for BNB is in the $297.39 range. If we look at the market cap value, it is estimated to be $48,541,806,811. The 24-hour trading volume of the same coin is about $774,688,867.
HOT stays regressive
Holo has also faced hard times as the result of a bearish market. The latest data for this coin shows that it has shed 0.94% over the last 24 hours. The performance for this coin over the last seven days shows an addition of 9.16%. The increase in losses has affected the price value as well.
Its current price is in the $0.002605 range. If we look at the market cap value for this coin, it is estimated to be $451,498,374. The 24-hour trading volume of the same coin is about $18,518,995. The same amount in its native currency is about 7,109,151,074 HOT.
MINA unable to improve
Mina has also faced problems as the market has remained unfavorable. The latest data for this coin shows that it has shed 0.34% in 24 hours. The weekly performance shows a loss of 1.68%. The increasing trend for losses has led to lowered price value.
The current price value for Mina is in the $0.8303 range. If we look at the market cap value for this coin, it is estimated to be $441,625,995. The 24-hour trading volume for this coin is about $12,912,296. The circulating supply for it remained 531,901,907 MINA.
The global crypto market has seen fluctuations in value recently. If we look at the change in value, it has been considered Bitcoin, and other coins are on the backfoot. The changes have led to a reduction in the global market cap value. It is currently estimated to be $1.23T and is on the way to reduction. The changes in value suggest that it would suffer further if the sell-offs continue.