logo

Bitcoin, Binance Coin, Polygon, and Uniswap Daily Price Analyses – 29 June Morning Price Prediction

Bitcoin
TL;DR Breakdown

The global crypto market has continued to face problems as it has shed 2.03% over the last 24 hours. Bitcoin hasn’t been able to regain value as it has shed 1.22% over the last day. Binance Coin is also facing problems as the losses increased to 5.98%. Polygon has remained recessive as it shed 3.49% while Uniswap added 0.35%.

The changes in the global crypto market have remained negative as the market continues to change. It has affected the performance of Bitcoin, Binance Coin, and other major names. The result of these losses is a speedy increase in market depreciation. The investors have seen its impacts over the past few months. If the current bearish wave continues like this, it will affect the market in the longer run.

The CEOs of big crypto companies are aware of the changes in the market. There have been some bailouts from some big names while others have refused to do so. FTX CEO said that some smaller exchanges are too far gone in, and they would find no way back. They came as the result of the market boom and found no place as the situation began to change.

There are little chances of these exchanges being saved from the heavy losses. As the bearishness continues, they might also lose their capital, impacting their investors.

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

BTC stays bearish

Bitcoin is again back to losses as the situation hasn’t stabilized. Instead, the losses for Bitcoin and various other coins in the market increased over the last day. CoinFlex has alleged Bitcoin investor Roger Ver of defaulting. According to the accusations, Roger Ver has defaulted on $47 million.

BTCUSD 2022 06 29 23 42 06
Source: TradingView

The latest data for Bitcoin shows that it has shed 1.22% over the last 24 hours. In comparison, the losses for the last seven days are about 1.12%. Though the weekly losses are not that big, it might face increased losses.

The price value for Bitcoin is in the $20,060.21 range. If we compare the market cap value for Bitcoin, it is estimated to be $382,759,064,464. The 24-hour trading volume of Bitcoin is about $22,920,641,713. 

BNB sees recession

Binance’s CEO has continued to stay confident about the company. Also, he said that as the depression furthers, crypto companies will have more liquidations. He has continued to predict losses for other companies, as Terra collapsed recently due to sudden market changes.

BNBUSDT 2022 06 29 23 42 32
Source: TradingView

The latest data for Binance Coin shows that it has shed 5.98% over the last day. In comparison, the performance for the last seven days shows an additional 0.64%. The changing pattern might affect its value in the coming hours.

The price value for BNB is in the $218.84 range. If we compare the market cap value, it is estimated to be $35,731,926,078. The 24-hour trading volume of this coin is about $1,103,568,072.

MATIC wavering amid losses

Polygon has also faced difficulties as the market has wavered. The latest data shows that it has shed 3.49% over the last 24 hours. In comparison, the performance for the last seven days shows an additional 8.12%. If the market continues to bearish, MATIC might continue to lower in value.

MATICUSDT 2022 06 29 23 43 03
Source: TradingView

The price value for this coin is about $0.4947. The market cap value for this coin is about $3,977,288,033. The 24-hour trading volume of the same coin is about $866,930,257. The same amount in its native currency is about 1,745,244,616 MATIC.

UNI turns bullish

Uniswap has shown bullishness over the last few hours. It has added 0.35% over the last day, while the weekly losses are about 1.99%. It would work on the recovery of losses that it has suffered. The price value for this coin is about $5.10 and might improve if the gains continue.

UNIUSDT 2022 06 29 23 43 24
Source: TradingView

The market cap value for UNI is estimated to be $3,742,296,971. The 24-hour trading volume of this coin is about $149,620,984. The circulating supply of this coin remained at 734,135,051 UNI.

Final Thoughts

The global crypto market has continued to face problems as the bearishness has lasted for a prolonged while. The changes have resulted in the loss of a considerable value while various companies have gone for layoffs. The value of Bitcoin and other major coins has almost halved due to these losses. The global market cap value is estimated to be $897.07 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 decisions.
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

Bitcoin price analysis: Consolidation yet to yield results as $24k resistance strong
How to Stake Apecoin: 6.10% APY on a 60-day staking period
How to Stake SNX: Unlimited Liquidity on the Synthetix Network
Polygon price analysis: MATIC falls at the $0.88 hurdle to initiate downtrend
Dogecoin price analysis: DOGE swiftly rejects $0.075, retests previous low

Follow Us

Industry News

BitMEX executive pleads guilty in court
Singapore’s crypto lender Hodlnaut shuts down
Celsius withdraws motion to rehire CFO at $92,000 a month
Crypto.com earns license of operation in South Korea
Elon Musk drags Twitter to court for fraud