The global crypto market has seen a continuation of the bullish trend as the gains continue. The increase has helped Bitcoin, Binance Coin, and others stay in a safe range. The difference is the tendency of decrease seen in the gains. The current situation suggests that the market might not be able to sustain these gains. It is yet to be seen how long it stays bullish.
XRP lawyer has accused SEC chair Gensler of refusal to meet crypto leaders. The US Securities and Exchange Commission has severely criticized its regulatory policies. The new criticism is the alleged claims that Gary Gensler has refused to meet market leaders. John Deaton, the founder of Crypto Law and currently serving as the lawyer of XRP holders, has revealed that Gensler refused to meet 69K XRP holders.
He accused Gensler of promoting his business interests. According to Deaton, Gensler hasn’t even met Congress. Instead, he has visited a firm seven times, which controls 90% of his wealth. Deaton disclosed in a Twitter thread that Gensler’s wealth is above $100 million.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and other altcoins.
BTC stuck at $22K
Bitcoin has placed itself as a reliable investment even though the market has continued to fluctuate. Gibraltar MP, Isola, said in an interview that he has Bitcoin for the benefit of his kids. He also discussed the regulatory landscape in Gibraltar and how his interest in Bitcoin has grown.
The latest data for Bitcoin shows that it has added 7.63% over the last 24 hours. The value of Bitcoin has seen improvement, but it couldn’t move past the specific barrier of $23K. The weekly performance shows addition of 0.99%.
The current price for Bitcoin is in the $22,984.91 range. The market cap value for Bitcoin is estimated to be $439,146,035,816. The 24-hour trading volume of BTC is about $38,074,816,423.
BNB slows down its gains
Binance CEO Changpeng Zhao is one of the most active crypto leaders. In a recent meeting with Turkish officials, Zhao discussed the crypto ecosystem and its prospects. Also, he discussed those issues that bothered the officials and how they could find the solution together.
Binance Coin has grown rapidly as it has added 4.28% in the last 24 hours. The weekly performance of this coin shows that it has added 3.08%. The increase has helped it gain considerable value.
The price value for BNB is in the $267.66 range. If we compare the market cap value for this coin, it is estimated to be $43,182,930,130. The 24-hour trading volume of this coin is about $1,623,826,282.
LINK in full bloom
Chainlink has utilized the growing trend of gains. It has added 7.95% over the last 24 hours. The weekly performance has shown a contrasting trend as it has shed 0.44%. The negative trend shows that it needs to work on strengthening the gains. The price value for this coin is in the $6.82 range.
The market cap value for LINK is estimated to be $3,197,155,606. The 24-hour trading volume of this coin is about $494,455,712. The same amount in its native currency is about 72,548,599 LINK.
XMR continuing bullish pattern
Monero has continued bullish as the market remains favorable for it. The data for the last 24 hours shows that it has added 4.97%. In comparison, the weekly performance has also shown growth, adding 8.59%. The increase has led to enhance its price value as well, which is currently about $159.94.
The market cap value for XMR is estimated to be $2,897,600,180. The 24-hour trading volume of this coin is about $199,677,235. The circulating supply of this coin is about 18,153,499 XMR.
Final Thoughts
The global crypto market has seen a continuing bullish wave. It has helped Bitcoin, Binance Coin, and others regain value. But it hasn’t brought them a considerable amount to cross the previous barriers. The global market cap value is also stuck in the previous range. It is currently estimated to be $1.06 trillion.