The global crypto market has witnessed a significant change over recent hours. The performance of Bitcoin, Binance Coin, and other coins in the market improved significantly. The ongoing changes show that the market has been able to regain momentum soon after it turned recessive. The market has continued to oscillate between positive and negative changes over the recent few months. There is hope for a lasting positive change, but a strong influx of capital would be needed.
Elizabeth Warren and Alexandria Ocasio Cortez have targeted crypto’s revolving door. The main concerns of the lawmakers have rapidly escalated lobbying and its potential to corrupt the policymaking process. The two representatives have asked regulators to clarify rules around ex-employees seeking jobs in the crypto industry. Letters were sent to the heads of seven agencies, including the two main regulators, the SEC and CFTC. The lawmakers have asked some significant questions in their letters.
These include how long the ex-employees have to wait after giving up their regulatory agency positions. They have also asked about other safeguards to protect against the conflict of interest. As part of the influence of crypto lobbying groups, there has been a hiring spree of hundreds of ex-government officials. The letter was signed by various senators, expressing their concern over this issue.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC regains momentum
Bitcoin volatility has lowered due to some positive developments in the market. The change came as Ark Invest warms on crypto stocks. The fall of volatility is evident from the prices of various cryptocurrencies, which are trading in a tight range. The positive changes for Bitcoin might result in its stability in the longer run.
The recent changes for Bitcoin show positive development. The latest data shows that it has added 1.94% over the last 24 hours. The weekly performance of Bitcoin shows an addition of 0.88%.
The price value for BTC is currently in the $19,639.80 range. The market cap value for Bitcoin is estimated to be $375,522,173,840. The 24-hour trading volume of this coin is about $25,443,132,951.
BNB takes a positive turn
Bittrex gave Binance and Coinbase a tough time for Bitcoin-Pound trading volume last month. Of all crypto exchanges, the one most benefitting from currency chaos in the UK last month was Bitfinex which gathered many benefits.
The value of Binance Coin has also improved due to the influx of capital. The latest data shows it added 2.70% over the last 24 hours. The weekly data shows that it has added 2.58%.
The price value for BNB is currently in the $279.81 range. The market cap value for this coin is estimated to be $44,649,471,029. The 24-hour trading volume of the same coin is about $550,763,889.
NEO bullish
Neo has also remained bullish due to the favorable situation in the market. The latest data shows that it has added 2.02% over the last 24 hours. The weekly data shows that it has added 7.35%. The positive surge has brought the price value for NEO to the $8.44 range.
The market cap value for Neo is estimated to be $594,638,502. The 24-hour trading volume of this coin is about $28,696,827. The same amount in its native currency is about 3,404,153 NEO.
FTM charges forward
The value of Fantom has also risen considerably as a result of recent gains. The latest data shows that it has added 1.68% over the last day. The seven-day data shows that it has shed 0.12%. The price value for FTM is currently in the $0.2081 range.
The market cap value for Fantom is estimated to be $527,734,558. The 24-hour trading volume of this coin is about $39,417,143. The circulating supply of this coin is about 2,545,006,273 FTM.
Final Thoughts
The global crypto market has seen a positive trend over recent hours. The latest data for Bitcoin, Binance Coin, and others show growth. The global market cap value has also enhanced due to a bullish trend. The latest data shows that it is estimated to be $945.84 billion. There is a need for lasting gains to keep the market in a strengthened position.
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