Roundup 21The global crypto market has seen a sudden change in pattern. The recent hours brought considerable losses to Bitcoin, Binance Coin, and others. Market analysts had predicted a change in the market performance due to the issuance of CPI report for US consumers. Though there were expectations of a possible decline in value, the recent changes show a significant loss of value. As the negative trend continues, the market might retest its resistance levels. The current situation will likely affect the market value in the upcoming hours.
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Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC indecisive
The report regarding US inflation has been released. The available data shows that inflation has come in hot, up 0.4% month-on-month and 8.2% year-on-year. The result of these changes is downward pressure on Bitcoin in particular and the global crypto market in general. The results of these changes will last for a while.
The recent changes for Bitcoin show a negative turn in its performance. The latest data shows that it has shed 3.54% over the last 24 hours. The weekly data shows that Bitcoin has shed 8.80%.
The price value for BTC is currently in the $18,448.29 range. The market cap value for Bitcoin is estimated to be $352,354,642,407. The 24-hour trading volume of Bitcoin is about $32,535,601,144.
BNB continues to lose
Binance has added Terra USTC as a new borrowable asset, resulting in a hike in price. Binance extended its support for Terra Classic by adding Terra USTC to the list of its borrowable assets.
The performance of Binance Coin shows no improvement. The latest data shows that it has shed 3.76% over the last 24 hours. In comparison, the seven-day data shows that it has shed 11.52%.
The result of the deterioration of BNB has been a decline in its price value to the $260.79 range. The market cap value for this coin is estimated to be $41,905,569,678. The 24-hour trading volume of this coin is about $896,202,697.
APE in shallow waters
The performance of ApeCoin has also been at lows as it couldn’t improve. The recent data shows that it has shed 8.20% in a day. The weekly data shows no improvement, as it has declined by 17.45%. The price value for APE has lowered to the $4.34 range.
The market cap value for ApeCoin is estimated to be $1,319,421,096. The 24-hour trading volume of this coin is about $232,973,338. The same amount in its native currency is about 54,185,653 APE.
XTZ recessive
Tezos has been no difference in losses as it continues to lose. The latest data shows that it has shed 2.99% over the last day. The weekly data shows that it has receded by 8.77%. These changes have affected XTZ’s price value, as it currently lingers in the $1.31 range.
The market cap value for Tezos is estimated to be $1,185,504,967. The 24-hour trading volume of this coin is about $23,850,412. The circulating supply of this coin is about 912,236,592 XTZ.
Final Thoughts
The global crypto market has seen a significant decline in value over recent hours. These changes affected the performance of Bitcoin, Binance Coin, and others. The negative changes have affected the global market cap value. The latest data shows that it is estimated to be $884.17 billion.
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