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Bitcoin, Binance Coin, Loopring, and Casper Daily Price Analyses – 15 December Morning Prediction

Bitcoin

TL;DR Breakdown

  • The global crypto market has seen a bearish trend as it shed 1.64% in the last 24 hours.
  • The performance of Bitcoin has also shown a trend of losses as it regressed by 1.04%.
  • Binance Coin has also continued to recede as its losses reached 3.03% in a day.
  • Loopring and Casper are both bearish, as they shed 3.17% and 2.69%, respectively.

The global crypto market has witnessed a reversal of gains due to dominant bearishness. The recent changes in the market show that Bitcoin, Binance Coin, and others have turned recessive. The change in market mood has affected the performance of various coins. The trend of decline has also resulted in the efflux of capital. The recessive trend is likely to continue in the upcoming hours as it has gained momentum.

G-20 is looking to develop a global crypto policy consensus, according to media reports. The G-20 economic leaders aim to work on the agreement of a policy that will help global regulation of crypto assets. The global leaders will meet in Bengaluru, India, to ensure that a consensus is developed by finance and central bank deputies. The streamlined policy will ensure that there is a proper global framework for this purpose.

Ajay Seth, India’s federal economic affairs committee head, said that one of the priorities put on the table is to ensure a consensus regarding crypto policy. The G-20 is holding its first central bank deputies conference in Bengaluru, India. Mr. Seth further added that the monetary policy, the banking sector, and the economy need to be studied in a specific context.

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

BTC turns recessive

Bitcoin mining companies have also continued to face problems amid the difficult scenario. In a recent development, Bitcoin miner Core Scientific has been facing problems. A financial services platform has offered it a lifeline in the form of funds to avoid bankruptcy.

BTCUSD 2022 12 15 17 50 46
Source: TradingView

The recent changes for Bitcoin show that it has faced turbulence. The latest data shows that it has shed 1.04% over the last 24 hours. The weekly performance of Bitcoin shows that it has added 5.12%.

The price value of BTC is currently in the $17,693.52 range. The market cap value of Bitcoin is estimated to be $340,325,319,006. The 24-hour trading volume of Bitcoin is about $25,558,102,167.

BNB unable to retain gains

Businessmen and government representatives have continued to scratch their heads over the sudden collapse of FTX. Kevin O’Leary has blamed Binance for deliberately causing FTX collapse. He expressed these views in his Senate testimony regarding the collapse of one of the largest crypto exchanges.

BNBUSDT 2022 12 15 17 51 05
Source: TradingView

The performance of Binance Coin has shown no good performance as it continues to lower. The latest data shows that it has shed 3.03% over the last 24 hours. The weekly performance of this coin shows that it has regressed by 7.19%.

The price value of BNB is currently in the $264.89 range. The market cap value of this coin is estimated to be $42,373,363,855. The 24-hour trading volume of the same coin is about $852,453,279.

LRC also in losses

Loopring has been facing a difficult time as it receded in value due to a bearish trend. The latest data shows that it has shed 3.17% over the last 24 hours. The seven-day data shows that it has added 0.76%. The price value of LRC is currently in the $0.2422 range.

LRCUSDT 2022 12 15 17 51 23
Source: TradingView

The market cap value of Loopring is estimated to be $322,182,477. The 24-hour trading volume of this coin is about $21,197,343. The same amount in its native currency is about 87,566,069 LRC.

CSPR changes direction

Casper has also changed direction as it faced severe downward pressure. The latest data shows that it has shed 2.69% over the last day. The weekly performance shows that it has added 0.38%. The price value of CSPR is currently in the $0.02913 range.

CSPRUSDT 2022 12 15 17 52 11
Source: TradingView

The market cap value of Casper is estimated to be $308,415,964. The 24-hour trading volume of this coin is about $4,962,735. The circulating supply of the same coin is about 10,585,999,447 CSPR.

Final Thoughts

The global crypto market has seen a negative trend over recent hours. The performance of Bitcoin, Binance Coin, and others shows a decline in value. As the market has remained regressive, there has been an increase in sell-offs. The global market cap value has also suffered, as the latest data shows that it is estimated to be $860.06 billion. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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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