logo

Bitcoin, Binance Coin, Tron, and FTX Token Daily Price Analyses – 7 August Morning Price Prediction

Bitcoin
TL;DR Breakdown
  • The global crypto market seems to be resuming gains as it has reduced losses to 0.33%.
  • Bitcoin has also seen an improvement in performance, reducing losses to 0.37%.
  • Binance Coin has seen an enhancement as it has added 1.50% over the last 24 hours.
  • Tron and FTX Token are both bearish as they have shed 0.34% and 0.50%, respectively. 

The global crypto market has changed its performance as the gains increased. The increase in gains has brought the market to an improved position. The gains for Bitcoin and other names have led to an enhancement in investor trust. The increase in gains will bring further investments to the market. It is yet to be seen how the market is able to attract investments.  

Virginia Fairfax county has poured a considerable amount into crypto investments. According to the available updates, it has invested $70 million in crypto lending. The changes in the market due to bearishness have brought investments to new lows. Many firms have gone for liquidation while others battled with the hardships to keep themselves consolidated. Terra’s collapse was one of the main reasons for uncertainty and hopelessness in the market.

Parataxis Capital and VanEck’s new finance fund received funding of $35 million in the recent month. These two companies received investments from retirement systems. These included Fairfax County Police Officers’ Retirement System and Fairfax County Employees Retirement System. The executive of the system believes that it is a positive investment and has received good returns.   

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

BTC resumes gains

Kevin O’Leary has detailed the mega opportunity for Bitcoin investors as its institutional demand is increasing. The increase in demand has not only benefited miners but general investors as well. O’Leary’s research says that the demand is insatiable, and the investors will soon see the materialization of opportunity.

BTCUSD 2022 08 07 19 45 03
Source: TradingView

The latest data for Bitcoin shows that it has shed 0.37% over the last day. In comparison, the weekly performance shows a loss of 2.69%. It will take a consolidated effort to bring new gains.

The previous losses have brought Bitcoin price to the $23,125.57 range. If we compare the market cap value for Bitcoin, it is estimated to be $441,646,407,501. The 24-hour trading volume of Bitcoin is about $15,597,516,197.

BNB turns bullish

Analysts have been continuing to predict bullishness for Binance Coin. According to a closely following analyst, Binance Coin hasn’t even started, and it will take the rising trajectory soon. According to analysts, BNB will see new all-time highs and a tremendous increase in value.

BNBUSDT 2022 08 07 19 46 22
Source: TradingView

The value of BNB has seen a speedy improvement in value. The latest data shows an addition of 1.50% over the last 24 hours. The weekly data shows an addition of 9.82% as the gains increased speedily.

The price value for Binance Coin is in the $321.34 range. If we compare the market cap value of this coin, it is estimated to be $51,843,849,132. The 24-hour trading volume of the same coin is about $1,057,469,157.

TRX regaining momentum

Tron has also regained momentum as the market is improving. The latest data shows a reduction of losses to 0.34%. In comparison, the weekly performance shows a loss of 0.09%. The improvement has brought its price value to the $0.07006 range.

TRXUSDT 2022 08 07 19 47 27
Source: TradingView

The market cap value for TRX is estimated to be $6,741,605,395. The 24-hour trading volume of this coin is about $285,269,732. The same amount in its native currency is about $285,269,732.

FTT still in losses

FTX token is still facing losses even though it is likely to improve soon. The latest data shows a loss of 0.50% over the last day. The weekly data shows a loss of 2.23%, which needs to be lowered. The price value for this coin is about $30.57.

FTTUSDT 2022 08 07 19 47 58
Source: TradingView

The market cap value for FTT is estimated to be $4,117,315,804. The 24-hour trading volume of this coin is about $37,942,168. The circulating supply of this coin is about $134,701,802 FTT.

Final Thoughts

The global crypto market has seen a positive change in performance. The increase has brought Bitcoin and other coins considerable gains. As the gains increased, investors poured capital with the hope of profits. The increase has enhanced the global market cap value as well. The current value of the global market cap is about $1.09 trillion. The market has been trying hard to cross $1.10 trillion, but it hasn’t been able to do so. 

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

Ethereum price analysis: ETH continues consolidation lowering to $1322
CVC Price Prediction 2022-2031: How high can Civic coin go?
Best crypto memes of the day - September 28th
Best Twitter threads of the day - September 28th
Top crypto tweets of the day - September 28th

Follow Us

Industry News

Cosmos 2.0: Uniting blockchains, interchain security, new issuance model for ATOM, and more
Bank of International Settlements green signals CBDC
Robinhood partners with Polygon to test Web3 waters. Here’s how
Shark tank's Kevin O'Leary advice to investors
What lies ahead for Voyager Digital and its investors after FTX wins the purchase auction?