logo

Bitcoin, Binance Coin, Tezos, and Filecoin Daily Price Analyses – 2 July Morning Price Prediction

Bitcoin
TL;DR Breakdown

The global crypto market has continued to suffer as the losses remained at 0.02%. The performance of Bitcoin has also shown lag as it has shed 0.39% over the last day. The changes for Binance Coin have also shown recession as it reduced gains to 0.82%. Tezos and Filecoin are both bullish as they have gained 4.68% and 0.50%, respectively.

The changes in the global crypto market have continued to bring fluctuations. These changes have resulted in the in bringing losses for Bitcoin, Binance Coin, and others. As the fluctuations continue, the influx of capital to the market has also been reduced. It has resulted in lowering the global market cap, which is already in shambles. If the current situation persists, it can stimulate another recession for the market in the upcoming days.

FTX has continued to expand its business as the market continues to be bullish. They have shown no reluctance in acquiring crypto services offering firms. It has set its sights on acquiring those crypto mining companies facing bearish market problems. Other companies have gone for bailout packages and solutions to help the market.

According to market experts, acquiring digital assets in a bearish market won’t have any negative impacts. Instead, it will benefit those who are looking for long-term benefits. So, FTX is working on a long-term strategy that can bring it assets and ROI.

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

BTC still recessive

The changes in the market haven’t only impacted the value of Bitcoin and the mining community. According to the latest updates, June brought losses to miners. As per the available data, its price revenues fell by more than 26% while they continued further. The value of revenue coming from Bitcoin mining was $668 million.

BTCUSD 2022 07 02 21 10 14
Source: TradingView

The latest data for Bitcoin shows that it has shed 0.39% over the last day. The changes for the last seven days show that it has shed 8.36%. As the bearish situation persists, the investors have seen no big change.

The price value for Bitcoin is in the $19,223.44 range. If we compare the market cap value for Bitcoin, it is estimated to be $366,843,314,457. The 24-hour trading volume of the same coin is about $20,781,105,242.

BNB remains bullish

Binance CEO Changpeng Zhao has made a 10-year prediction about the future of decentralized finance. He is bullish on crypto, decentralized finance, etc., and has continued to predict good days for it. Also, the Binance business has expanded as new games and companies have launched their NFTs on its platform.

BNBUSDT 2022 07 02 21 10 47
Source: TradingView

The latest data for BNB shows that it has added 0.82%. The decreased gains have affected its weekly performance, showing a loss of 6.27%. These changes suggest that the investors might have to ready themselves for another lag.

The price value for BNB is about $216.10, as it has stayed recessive. The market cap value has seen no improvement as it is currently estimated to be $35,284,267,459. The 24-hour trading volume of this coin is about $829,438,610.

XTZ continues to add value

Tezos has been continuing to be bullish as it has added 4.68% over the last day. The positive changes have helped it lower the weekly losses to 2.59%. These changes show that its price value is likely to improve. It is currently in the $1.43 range and might improve if the gains continue.

XTZUSDT 2022 07 02 21 11 13
Source: TradingView

The market cap value for XTZ is about $1,286,412,978. The 24-hour trading volume of this coin is about $78,551,539. The same amount in its native currency is about $54,958,087 XTZ.

FIL continues to add

Filecoin has also stayed bullish, adding 0.50% over the last day. The weekly data shows that it has shed 9.66%. The downtrend has affected the price value for this coin as it is about $5.32. As the downtrend continues, it has affected long-term investments.

FILUSDT 2022 07 02 21 14 48
Source: TradingView

The market cap value for FIL is estimated to be $1,206,371,986. The 24-hour trading volume of this coin is about $76,275,390. The circulating supply of this coin remained 226,819,893 FIL.

Final Thoughts

The changes in the global crypto market have continued to affect the coins. The value of Bitcoin, Binance Coin, and others has decreased due to losses. As the losses continue, it has brought the market lasting impacts which have affected the new investments. The changes show that the global market cap value has also been affected. It is currently estimated to be $866.41 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

Polygon price analysis: MATIC falls at the $0.88 hurdle to initiate downtrend
Dogecoin price analysis: DOGE swiftly rejects $0.075, retests previous low
Bitcoin, Binance Coin, Cronos, and Cosmos Daily Price Analyses – 9 August Morning Price Prediction
Survey: market downturn doesn’t affect customer confidence in CoinLoan
Ethereum price analysis: ETH pivots at $1,800, swiftly retraces?

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