The global crypto market has remained bullish but couldn’t move past the current resistance level. Bitcoin’s value has remained below $25K while Binance Coin and some others have continued to grow. As the market has remained bullish, investors have benefitted from the gains. The halt in gains suggests that the market might face a reversal in gains. If the mentioned change takes place, it will affect the investments.
Vauld has said in a statement that it disagrees with the freeze order by Indian authorities. Vauld is an Asian crypto lender that has seen assets freeze by Indian authorities. According to available updates, India’s Enforcement Directorate has frozen its 3.7 billion rupees. The mentioned assets are about worth $46 million, as reported by media outlets.
According to the regulators, the reason for the freezing of funds was in connection with a money laundering case. According to the crypto lender, it has cooperated with ED to provide investigation documents. Vauld’s representative said that the freeze was connected to a former customer and has long been deactivated. The company claims that it follows strict rules for customer identification and the prevention of illegal activities.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC in uncertainty
Bitcoin mining revenue has jumped considerably as the market is retracting. As the market recovered, it has seen a rise of 68.6% since the lowest day of earning in the year. July 2022 proved fruitful for the crypto market, and in the same manner, it brought gains to miners. The increase in revenue is a positive trend that has continued for a while.
The latest data for Bitcoin shows that its price has remained stalled. The 24-hour data shows addition of 3.12% but with no productive change. In comparison, the weekly data shows addition of 5.48%.
The price value for Bitcoin is in the $24,436.45 range. The market cap value for Bitcoin is estimated to be $467,233,835,719. The 24-hour trading volume of this coin is about $26,946,245,355.
BNB on rise
Binance has removed several protocols from its blockchain because of their irregularities. These include eight projects delisted from the centralized exchange of Binance. One of these is a community-based DeFi project, Spartan Protocol.
Binance Coin has improved value despite pressure from bears. According to the available updates, it has added 3.74%. The seven-day data shows an addition of 5.33% for this coin.
The price value for BNB has hiked to the $331.32 range. If we compare the market cap value for this coin, it is estimated to be $53,453,859,913. The 24-hour trading volume of this coin is about $1,053,659,030.
ZEC turns bearish
Zcash has changed direction due to the dominant trend of bearishness. The latest data shows it has shed 0.51% over the last 24 hours. The weekly data shows a gain of 13.58%. As the gains fluctuated, the price value for ZEC has remained in the $76.69 range.
The market cap value for Zcash is estimated to be $1,152,845,497. The 24-hour trading volume of this coin is about $80,156,219. The same amount in its native currency is about 1,045,166 ZEC.
HNT moving smooth
The value of Helium has continued to grow as the gains trajectory has remained smooth. The latest data shows an addition of 2.19% over the last day. The seven-day data shows a loss of 5.07%. As the influx has fluctuated, its price value has remained in the $8.64 range.
The market cap value for HNT is estimated to be $1,069,015,917. The 24-hour trading volume of this coin is about $7,736,035. The circulating supply of this coin is about 123,667,224 HNT.
The global crypto market has seen a continuation of gains. The increase in gains for the market has helped it grow. As the influx has continued, it has brought no considerable change to Bitcoin or other coins’ value. The global market cap value has also remained in the previous range. The mentioned value is currently estimated to be $1.17 trillion.