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Bitcoin, Binance Coin, XRP, and Cardano Daily Price Analyses – 30 October Morning Prediction

Bitcoin

The global crypto market has seen a turn as it couldn’t retain gains. The performance of the overall market has affected Bitcoin, Binance Coin, and others. As the negative trend has set in, gains for some coins have lowered while others have turned recessive. There is a likely chance that the market will turn bullish again as the situation remains favorable. The recent bullish changes have strengthened the market in a significant manner. As the forward march continued, the market attempted to recover its losses.

Jack Dorsey is testing a new social networking site to rival Elon Musk’s Twitter. The co-founder and former CEO of Twitter is inching closer on rivaling social media giants Facebook and Instagram. He is working on Bluesky Social, a decentralized social network that has entered its beta testing phase and is in preparation for its launch. A week before the acquisition of Twitter by Musk, Dorsey had said that he was looking for individuals who would participate the in this important stage of development.

The beta testing for this app involves early access for apps, games, and websites granted to a small number of users. The mentioned access will be available to those users who have successfully completed prior registration requirements. Under this phase, basics like bugs, crashes, and other abnormal behaviors of a particular application are observed and reported for resolution or improvement.

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

BTC turns recessive

Rich Dad, Poor Dad author Robert Kiyosaki has said that the current policies of the Federal Reserve are likely to crash the economy. He has also suggested a solution to the public, and it is an accumulation of Bitcoin. Kiyosaki has remained bullish on Bitcoin for a while.

BTCUSD 2022 10 30 19 29 41
Source: TradingView

The recent changes for Bitcoin show a reversal of gains. The latest data shows it has shed 0.60% over the last 24 hours. The weekly data shows that Bitcoin has added 7.69%.

The price value for BTC is currently in the $20,716.44 range. The market cap value for Bitcoin is estimated to be $396,777,536,653. The 24-hour trading volume of Bitcoin is about $35,160,415,535.

BNB continues to rise

Binance Coin might get a tough time from some newly rising coins. According to analysts, Flasko (FLSK) might prove to be a tough competition because of its speedy rise and potential.

BNBUSDT 2022 10 30 19 32 02
Source: TradingView

The performance of Binance Coin has continued to show a positive trend. The recent data shows that it has added 2.87% over the last 24 hours. The weekly data shows that it has added 14.43%.

The price value for BNB is currently in the $310.29 range. The market cap value for this coin is estimated to be $49,450,239,749. The 24-hour trading volume of the same coin is about $1,487,983,469.

XRP fluctuating

The performance of XRP has also fluctuated due to the negative trend. The latest data shows that it has shed 1.90% over the last day. The weekly data shows that it has added 1.01%. The price value for XRP is currently in the $0.4621 range and might lower further if the negative trend continues.

XRPUSDT 2022 10 30 19 32 26
Source: TradingView

The market cap value for XRP is estimated to be $23,083,463,902. The 24-hour trading volume of this coin is about $1,293,780,997. The same amount in its native currency is about 2,807,184,757 XRP.

ADA bullish

The performance of Cardano has shown a positive trend. The recent data shows it added 0.65% over the last 24 hours. The weekly performance of this coin shows an addition of 16.61%. The price value for ADA is currently in the $0.4091 range.

ADAUSDT 2022 10 30 19 34 24
Source: TradingView

The market cap value for Cardano is estimated to be $13,969,376,372. The 24-hour trading volume of this coin is about $907,482,307. The circulating supply of this coin is about 34,321,323,653 ADA.

Final Thoughts

The global crypto market has seen a negative trend as the gains lowered over recent hours. The performance of Bitcoin, Binance Coin, and others shows affected performance. As the gains lowered, there was a reversal in price value seen for various coins. The global market cap value has also been affected. The latest data shows that it is estimated to be $1.02 trillion. 

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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.

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