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.
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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.
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.
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.
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.
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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