Bitcoin, Binance Coin, Litecoin, and Cosmos Daily Price Analyses – 28 April Roundup

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TL;DR Breakdown

  • The global crypto market has stayed bullish, adding 0.20% over the last 24 hours.
  • Bitcoin has remained stable during the last day, adding 0.52%.
  • Binance Coin has also been much better over the past 24 hours, adding 3.67% to its value.
  • Litecoin is in a bullish mood as it added 2.74% while Cosmos has shed 3.42%.

The global crypto market has remained in a better position than in the past few days. It has been able to retain gains as the value of sell-offs has gone considerably low. In comparison, the new gains have grown significantly. Though the same value for Bitcoin remains almost unchanged, it has been able to retain its gains, adding a little to it. The situation might continue to improve if the influx of new capital continues. The bullish market over the recent days has given hope to the investors.

China has continued to expand the use of CBDCs to see if they are workable. Its CBDCs pilot program circle has been expanded to 3 cities where citizens pay taxes and use digital Yuan. The same currency is being used for the payment of charges. The Chinese government will decide to expand it further if the pilot part succeeds. India has also considered taking proper steps before the legislation regarding crypto. The latest statement from its finance minister says that its decision regarding crypto will not be rushed. They have been considering the pros and cons of each step to ensure that it ends in success.

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

BTC adds mild gains

Bitcoin has continued to be the center of global investment as various companies and governments have announced its acceptance. The recent one in the row is the adoption of Bitcoin as the reference currency by the Central African Republic. The announcement came from the Office of the Presidency.  

BTCUSD 2022 04 29 10 11 57
Source: TradingView

The data for the last 24 hours shows that Bitcoin has been able to gain 0.52%. In comparison, the losses for the past seven days have been reduced significantly. The value for the latter is about -2.72%. As the market continues to improve for Bitcoin, its price has likely improved.

The current price value for Bitcoin is in the $39,584.63 range. In comparison, the market cap value for Bitcoin is estimated to be $752,959,646,050. The 24-hour trading volume of Bitcoin remained at $34,634,435,380.

BNB gains momentum

Binance Coin has also improved as the market has moved towards relative stability. The changes have been favorable for Binance Coin as it has crossed its threshold level, entering a secure phase.

BNBUSDT 2022 04 29 10 12 37
Source: TradingView

The data for the last 24 hours shows that Binance Coin has added 3.67% to its bulk. In comparison, the seven-day performance has also improved. Its losses of it have been reduced to 1.66%. The price value has improved with gains as it is currently in the $404.45 range.

If we take a peek at the market cap value for this coin, it is estimated to be $66,096,668,304. If we compare the 24-hour trading volume, its value improved to $2,271,454,455. The price value of the Binance Coin is likely to improve, as evident from the last day’s data.

LTC in a reliable phase

Litecoin has performed much better in comparison to other days. It has gained 2.74% after the market remained bullish for it. The weekly losses are still a bit high, i.e., 4.39%. The said value will decrease once the daily gains continue to add, canceling their total effect.

LTCUSDT 2022 04 29 10 13 18
Source: TradingView

The price value for Litecoin is in the $103.01 range and is likely to improve further. If we compare the market cap value, it is estimated to be $7,229,561,024. In comparison, its 24-hour trading volume of it remained at $856,272,074. The same amount in its native currency is about 8,311,295 LTC.

ATOM still regressive

Cosmos has been unable to cross the bearish barrier as it has continued to shed value. The latest data for it shows that the losses amount to 3.42%. If we compare the weekly performance of Cosmos, the losses amount to 13.50%. The price value of it has deteriorated over these days.

ATOMUSDT 2022 04 29 10 13 48
Source: TradingView

If we look at its current price value, it is in the $20.52 range. In comparison, its market cap value is estimated to be $5,876,442,537. In comparison, its 24-hour trading volume of it is about $456,939,126. The circulating supply of it remained at 286,370,297 ATOM.

Final Thoughts

The improvement in the global crypto market has attracted further value to it. The changes for Bitcoin are low, but it is closing at $40K while the remaining market has bloomed. The changes have helped strengthen the global market cap value, currently $1.81T. The comparison of the market to its bullish days shows that it has still to gain to reach that level. While the performance is much better compared to the previous bouts of bearishness. 

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