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Bitcoin, Binance Coin, XRP, and Polygon Daily Price Analyses – 8 December Morning Prediction

Bitcoin

TL;DR Breakdown

  • The global crypto market has seen a positive trend as it added 0.54% in 24 hours.
  • The value of Bitcoin has also improved as it added 0.43% over the last day.
  • The performance of Binance Coin also shows improvement as it added 1.18%.
  • XRP and Polygon are both bullish, as they have added 1.58% and 2.50%, respectively.

The global crypto market has witnessed a positive change as it turned bullish. The recent changes for Bitcoin, Binance Coin, and others show that the market has improved. As the market has improved significantly, there has been an improvement on the investor side. The performance of the market shows fluctuations, but there is a chance of a considerable increase in its value. The market would see stability if the influx of capital continued.

Jack Dorsey has urged Musk to release everything without a filter regarding Twitter files. Elon Musk has taken the initiative to bring transparency to Twitter. He announced on 4 December that he would bring the hidden secrets of Twitter to the public. He added that he would bring forth the details of Hunter Biden’s case to the public. In response to Musk’s statements, former CEO Jack Dorsey said that Musk should stop creating a sensation around Twitter files.

He asked him to put an end to the ongoing drama and make everything public without a filter. If Hunter Biden case-related information is revealed, it can create a ruckus in US politics. Musk had said that more important data was hidden from the public, and some may have been deleted. He further added that they would bring everything they found to the public.

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

BTC regains momentum

Bitcoin holders have shown rapid new accumulation for the first time this bear. The on-chain data shows that Bitcoin holders have done some rapid accumulation recently. The new changes suggest that the bottom formation of the cycle might take place.

BTCUSD 2022 12 08 20 30 09
Source: TradingView

The recent changes for Bitcoin show a considerable positive change. The latest data shows that it has added 0.43% in the last 24 hours. The seven-day data shows that Bitcoin has shed 0.49%.

The price value of BTC is currently in the $16,905.06 range. The market cap value of Bitcoin is estimated to be $325,048,888,050. The 24-hour trading volume of Bitcoin is about $17,217,028,324.

BNB resumes gains

Binance CEO CZ has confirmed that the exchange has no outstanding loans. He challenged anyone with claims regarding Binance loans. Binance has come stronger out of the recent crisis in the market, strengthening itself amid the turbulence.

BNBUSDT 2022 12 08 20 30 27
Source: TradingView

The performance of Binance Coin has also shown a positive trend. The latest data shows that it has added 1.18% over the last day. The seven-day performance shows that it has shed 1.41%.

The price value of BNB is currently in the $286.94 range. The market cap value of this coin is estimated to be $45,901,354,375. The 24-hour trading volume of the same coin is about $608,320,676.

XRP turns bullish

The value of XRP has also improved as the influx of capital increased to the market. The latest data shows that it has added 1.58% over the last 24 hours. The seven-day data shows that it has shed 2.19%. The price value of XRP is currently in the $0.3881 range.

XRPUSDT 2022 12 08 20 30 48
Source: TradingView

The market cap value of XRP is estimated to be $19,504,299,757. The 24-hour trading volume of this coin is about $700,622,190. The same amount in its native currency is about 1,806,091,792 XRP.

MATIC also green

Polygon has been in gains as the investors continue to pour their capital into the market. The latest data shows that it has added 2.50% over the last day. The seven-day performance shows that it has shed 1.95%. The price value of MATIC is currently in the $0.908 range.

MATICUSDT 2022 12 08 20 32 06
Source: TradingView

The market cap value of Polygon is estimated to be $7,930,654,425. The 24-hour trading volume of this coin is about $230,251,983. The circulating supply of the same coin is about 8,734,217,475 MATIC.

Final Thoughts

The global crypto market has seen an uptrend over recent hours. The performance of Bitcoin, Binance Coin, and others shows an increase in value. As the market has regained momentum, there has been an increase in the influx of capital. The positive changes have triggered an improvement in multiple aspects. The global market cap value has also increased as it is estimated to be $845.88 billion.

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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