The global crypto market has seen a change in performance as it couldn’t retain its gains. The change has resulted in the loss of momentum. Though Bitcoin, Binance Coin, etc., have been able to retain value, there are chances of further bearishness. Compared to the top coins in the market, the lower ones are yet bullish, which shows the market might gain momentum soon. There is no certainty if it will regain momentum or continue bearish.
BlueBenx has faced a hack due to which has fired employees while also halting funds withdrawal. According to the company’s lawyer, Assuramaya, the hack has resulted in a loss of $32 million. BlueBenx is a Brazilian crypto lending platform that has blocked all its users from the withdrawal of funds. According to the available information, it has about 22,000 users.
The blockchain management hasn’t shared any details of the hack while allegedly going for lay-offs. The mentioned blockchain had promised 66% returns to the investors but couldn’t keep its promise. A local news outlet disclosed that the hack was ‘extremely aggressive,’ depriving the company of most of its funds. The investors believe it to be a scam because the company is reluctant to share details.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC unable to maintain momentum
Bitcoin might be replacing gold in the longer run. According to MicroStrategy’s Michael Saylor, Bitcoin will be the reason for the demonetization of gold. Crypto proponents are of the view that Bitcoin has the strength to make substantial changes.
The value of Bitcoin saw fluctuations as the market remained uncertain. The latest data shows an addition of 0.01% over the last 24 hours. The weekly performance shows an addition of 5.65%.
The price value for Bitcoin is in the $24,471.44 range. The market cap value for Bitcoin is estimated to be $468,061,933,163. The 24-hour trading volume of Bitcoin is about $21,666,399,470.
BNB shows downtrend
Binance has turned out to be one of the leading holders of Bitcoin. The change came as the result of the displacement of Coinbase, which Binance has gradually replaced. The downtrend since February 2022 has resulted in the strength of Binance.
The gains for Binance Coin have reversed due to dominant bearishness. The change in the market has deprived it of 2.14% over the last 24 hours. The weekly data shows a gain of 1.38%.
The price value for Bitcoin is in the $322.97 range. The market cap value for this coin is about $52,147,422,450. The 24-hour trading volume of this coin is about $848,070,242.
UNI continues to grow
Uniswap has been moving in contrast with Bitcoin and other coins. The change in value shows that it has added 0.67% over the last 24 hours. The weekly performance shows an addition of 2.21%. As the gains continue, its price value has consolidated in the $9.11 range.
The market cap value for UNI is estimated to be $6,791,032,772. The 24-hour trading volume of this coin is about $191,149,607. The same amount in its native currency is about 20,982,218 UNI.
TRX in a bullish mood
Tron has also been in a bullish mood as the investors remain bullish on it. The mentioned change has brought gains of 1.09% over the last 24 hours. The weekly performance shows an addition of 0.93%. The price value for Tron is in the $0.07071 range.
The market cap value for TRX is estimated to be $6,534,196,586. The 24-hour trading volume of this coin is about $406,078,950. The circulating supply of this coin is about 92,406,964,536 TRX.
The global crypto market has seen a change in pace as the gains fluctuated. The change in performance has affected the leading coins like Bitcoin, Binance Coin, etc. The following coins are yet bullish and have continued to add. The market has seen fluctuation, affecting the global market cap value. The mentioned amount is currently estimated to be $1.17 trillion. It might see a rise if a bullish wave gives the market a push.