The global crypto market has remained blooming as it was affected by any negative changes. The performance of Bitcoin and other leading coins remains unaffected as the influx continues. The mentioned changes have helped these coins gain considerable value compared to other days. The changes this time have been different as the losses have remained at the lowest. The market aims to make gains and retain them so that consolidation is no more a problem. The major problem that the market has faced is retaining gains.
The global economy continues to face problems as the recessive bouts have come to no end. The Lebanese Pound exchange rate has reached its lowest against the US dollar, according to the latest available updates. The Lebanese economy hasn’t been able to revive and has continued to face problems. Another country in the same region, Turkey, has also faced problems. The increasing inflation rate has been a key factor in increasing these losses.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and some others.
BTC continuing in full strength
Bitcoin has reached its two-month high as Bitcoin Lightning Network has reached new heights. The previous few days brought Bitcoin continuous gains while the negative metrics gradually lowered. Bitcoin has continued its uphill battle as the journey becomes difficult.
The latest data for Bitcoin shows that it has added 3.78% in the last 24 hours. If we compare the gains for the past seven days, it shows gains of 8.65%. The increasing trend of gains has helped Bitcoin realize its dreams of consolidation.
The price value for Bitcoin is in the $31,804.87 range. If we compare the market cap value for Bitcoin, it is estimated to be $606,022,281,392. The 24-hour trading volume of this coin is about $37,745,668,172.
BNB trying to pull itself
Terra LUNA V2 Airdrop has been launched on Binance, while its token price has seen a tremendous increase. According to the latest data, LUNA V2 has skyrocketed as its value added 800%. The increasing token price shows that LUNA would be able to attract a considerable number of investors.
The latest data for BNB shows that it has added 1.16% in the last 24 hours. If we compare the data for the last seven days, its losses remained at 0.95%. The fluctuations for Binance Coin show that it might face problems.
The price value for BNB is in the $320.29 range. If we compare the market cap value for this coin, it is about $52,406,238,036. The 24-hour trading volume of $1,884,166,346. It needs to continue the increasing trend to maintain its price value.
UNI continues to bloom
Uniswap has continued to gain value as the influx has remained unchanged. The data for the last 24 hours shows that it has gained 7.66%. If we compare the data for the last seven days, it has added 2.69%. The increasing trend has helped it reach highs after continuous depreciation.
The price value for UNI is in the $5.81 range. The market cap value for UNI is $4,179,131,407. The 24-hour trading volume of this coin is about $175,147,213. The circulating supply of this coin is about 718,896,129 UNI.
Stellar has also been growing tremendously as the influx has helped it revive. The data for this coin shows that it has gained 7.41% in the last 24 hours. The comparison for the last seven days shows gains of 15.38%. The increasing trend has continued in both weekly and daily performance.
The price value for XLM is about $0.1491 and continues to grow. If we compare the market cap value for Stellar, it has remained at $3,712,147,305. The 24-hour trading volume of this coin is about $339,975,508. The same amount in its native currency is about 2,279,427,377 XLM.
The global crypto market has remained bullish as the amount of gains for the market has continued to increase. It has helped Bitcoin and other altcoins in the market, which had continued to bearish. As the current trend continues, the market has been able to consolidate value. The global market cap value has also increased as it is currently about $1.32T and continues to increase.