logo

Bitcoin, Binance Coin, Near Protocol, and Algorand Daily Price Analyses – 26 August Morning Price Prediction

Bitcoin
TL;DR Breakdown
  • The global crypto market has continued to be bearish as it has declined by 2.68%.
  • The value of Bitcoin has shown lag as it has shed 2.35% over the last day.
  • The performance of Binance Coin has also shown negative changes as it receded by 3.61%.
  • Near Protocol and Algorand are both bearish as they have shed 4.63% and 3.10%, respectively.

The global crypto market has seen a decline in value as it couldn’t retain gains. The recent changes in the market deprived it of the recent gains. As the recessive trend has continued, Bitcoin and others have continued to shed value. The negative changes are likely to continue as there is little chance for improvement. The continuation of bearishness will affect investors as well. The ongoing market changes are unfavorable in the overall scenario.

According to a report from US security agencies, a Tornado Cash developer has had links to the Russian intelligence agency FSB. The arrested developer Alexey Pertsev had links with the said agency for a lasting period. While he also worked for Digital Security OOO, sanctioned by US authorities in 2018. The said company was alleged to enhance Russia’s offensive cyber capabilities.

Kharon, an intelligence firm, confirmed that Pertsev worked with FSB. He had worked on smart contracts development and other projects. He later founded PepperSec, which was a security firm for white-hat hackers. He also developed a MultiSender app that sends transactions to multiple addresses. Dutch authorities claim that Pertsev also facilitated and concealed money laundering.

Officials have classified information about Pertsev and will proceed with the case soon.

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

BTC bearish

South Korean authorities have said that about 75% of illicit transactions take place through crypto. As Bitcoin and other cryptocurrencies have become more mainstream, it has led to a huge misuse. Thus, the country might take steps to prevent such incidents.

BTCUSD 2022 08 26 17 01 08
Source: TradingView

The recent data shows a reversal of Bitcoin gains. The latest data for Bitcoin shows a loss of 2.35% over the last 24 hours. The weekly data shows a loss of 1.22% for Bitcoin.

The price value for BTC is currently in the $21,210.78 range. The market cap value for Bitcoin is estimated to be $405,334,701,812. The 24-hour trading volume of this coin is about $30,195,551,524.

BNB in losses

Binance has made some clarifications regarding the freezing of the Baking Bad corporate account. The said company said that it froze the account at the request of law enforcement authorities. The account assets were locked in agency custody. Baking Bad serves as Tezos tool contributor.

BNBUSDT 2022 08 26 17 01 31
Source: TradingView

The value of the Binance Coin has also been low due to bearishness. The latest data shows that it has receded 3.61% over the last 24 hours. The weekly data shows a gain of 3.96%.

The price value for BNB is currently in the $292.76 range. The market cap value for the same coin is about $47,219,066,538. The 24-hour trading volume of this coin is about $901,440,043.

NEAR on decline

Near Protocol has also seen a decline due bearish market. The latest data shows a loss of 4.63% over the last 24 hours. The seven-day data shows a loss of 5.35%. The price value for NEAR is currently in the $4.17 range.

NEARUSDT 2022 08 26 17 01 53
Source: TradingView

The market cap value for Near Protocol is estimated to be $3,206,733,823. The 24-hour trading volume of this coin is about $269,715,291. The same amount in its native currency is about 64,780,950 NEAR.

ALGO facing downtrend

Algorand has also faced a downtrend due declining market. The latest data shows that it has regressed 3.10% over the last 24 hours. The weekly data shows a loss of 2.67%. As the market declined, the price value for ALGO is currently about $0.2989.

ALGOUSDT 2022 08 26 17 03 21
Source: TradingView

The market cap value for Algorand is currently about $2,055,689,862. The 24-hour trading volume of this coin is about $71,114,726. The circulating supply of this coin is about 6,898,658,336 ALGO.

Final Thoughts

The global crypto market has rapidly changed value due to bearishness. The investors have decreased their investments in the market. The result of the negative changes has been a decline in the value of Bitcoin, Binance Coin, and others. As the bearishness continues, the global market cap value has also declined. The latest data shows that it is currently estimated to be $1.02 trillion. The market made attempts for bullishness but couldn’t succeed in it. 

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 decisions.
[wp-faq-schema title="FAQs" accordion=1]
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.

Related News

Hot Stories

Can the Web3 market hit $80 billion by 2030?
Solana price analysis: SOL declines in value to $33.7 after strong bearish trend
Contentos Vietnamese blockchain community launches NFT collection with the support of Contentos Foundation
NEO Price Prediction 2022-2031: Is it Good to Invest in NEO now?
HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH?

Follow Us

Industry News

Can the Web3 market hit $80 billion by 2030?
NiceHash Launches First Solo Mining Hashpower Exchange Service to Help Struggling Crypto Miners
US Job openings fall by 6.2% - What does this mean for the crypto market?
Here are all the Three Arrows Capital NFT collection details on the verge of liquidation
Did authorities freeze Do Kwon's assets?