The global crypto market has seen a continuation of gains as the influx of capital has continued. The value of Bitcoin, Binance Coin, and others has increased in gains. The last 24 hours showed the addition of a considerable amount as the market has seen a respite from losses. The recent addition shows that the market is likely to increase in value. The influx of capital is a sign of the enhancement in investor trust in the market.
Telegram has continued to add new features to its app. The latest update shows that it has added a crypto transfer feature for its users. The recent change has come in a situation when more and more mainstream companies are adapting crypto. Telegram announced that it had launched a peer-to-peer cryptocurrency exchange service for its users. The mentioned service was developed by The Open Network (TON) Foundation.
TON is a community of open-source developers supporting the development of decentralized blockchain tech. The community backs Toncoin, enabling commission-based payments to process on-chain transactions with smart contracts. The mentioned smart contract is used for fees, securing the blockchain through staking, and settlement of payments. The token is ranked 34th on CoinMarketCap and operates on Proof of Stake consensus.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC crosses $20K
Cleanspark has seen an increase in Bitcoin production, according to the recent updates. The production of Bitcoin climbed 13% in September as the company sold 380 BTC. Cleanspark mined 448 BTC in September, which is 13% more compared to those mined in August 2022. The company has managed to fund as the market saw an uncertain situation.
The recent changes for Bitcoin show considerable growth. The latest data shows it has added 3.63% over the last 24 hours. The weekly data shows a loss of 0.26% for Bitcoin due to an unruly market.
The price value for BTC has climbed to $20,088.36 due to an enhanced influx of capital. The market cap value for Bitcoin is estimated to be $385,073,574,299. The 24-hour trading volume of Bitcoin is about $33,756,569,718.
BNB gains momentum
Terra Classic has seen a mammoth change in value as Binance has completed a massive LUNC burn. Binance had recently announced the first phase of LUNC burn as the investors had expressed interest in it. The recent development has raised the prospects of Terra-based cryptocurrency.
The value of the Binance Coin has increased due to the bullish market. The latest data shows it has added 2.65% over the last 24 hours. In comparison, the weekly data shows an addition of 4.31%.
The price value for BNB has enhanced to the $294.28 range. The market cap value for this coin is estimated to be $47,477,857,417. The 24-hour trading volume of this coin is about $748,891,798.
QNT skyrockets
The performance of Quant has also shown a speedy increase in value. The latest data shows that it has added 1.46% over the last 24 hours. The weekly data shows that it has added 8.52%. The price value for QNT has hiked to the $142.74 range.
The market cap value for Quant is estimated to be $1,727,278,935. The 24-hour trading volume of this coin is about $67,548,740. The same amount in its native currency is about 472,129 QNT.
APE resumes gains
The value of ApeCoin has also enhanced due to the recent influx of capital. The latest data shows that it has added 3.50% over the last 24 hours. The weekly data shows that its losses are about 6.35%. The price value for APE is currently in the $5.29 range.
The market cap value for ApeCoin is estimated to be $1,623,845,313. The 24-hour trading volume of this coin is about $122,271,223. The circulating supply of the same coin is about 306,875,000 APE.
Conclusion
The global crypto market has seen a change in performance as the gains continued. The value of Bitcoin, Binance Coin, and others enhanced due to a consistent influx of capital. As these gains continue, the global market cap value has also increased. The latest data shows that it is estimated to be $961.83 billion.
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