The global crypto market has seen hope as the changes have shown improvement in value compared to the previous days. Bitcoin, Binance Coin, and others have exhibited initial stages of bullish current. The changes are good for the market as it has lingered at lows for a while. If the market continues to be bullish, it will positively impact individual coins and the overall market. The global market cap value will also improve as it saw a lax due to market sluggishness.
The market improvement continues despite the pressure created due to the efflux of capital. The latest in this regard is AscendEX’s Walken (WLKN) announcement. Walken is a ‘walk-to-earn’ game whose token will be listed for trading at 2:00 PM UTC, 1 July 2022. There have been various games and NFTs that brought the market a considerable addition.
On the other hand, FTX has abandoned the plans for a bailout of the crypto lender firm Celsius. It was planning to bail out or buy Celsius, but it has suddenly changed its plans. They have shut down negotiations and announced no further discussions.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum, and other altcoins.
BTC sees hope
Bitcoin has continued as a hope for the market, while its name has also been used to scam people. According to the latest updates, CFTC has cited $1.7 billion worth of Bitcoin purchases using unfair means. It has alleged Cornelius Steynberg of a multilevel marketing scheme to make it possible.
The latest data for Bitcoin shows that it has added 1.79% over the last 24 hours. The data for the last seven days shows a loss of 3.27%. Bitcoin will make up for its losses if the market continues to grow.
The price value for Bitcoin is in the $20,414.13 range. In comparison, the market cap value for Bitcoin is estimated to be $390,265,308,646. The 24-hour trading volume of Bitcoin is about $30,212,563,831.
BNB reviving value
Binance has continued to attract top talent from across the globe to promote its brand. The latest in this regard is the addition of Khaby Lame, a famous name on TikTok. He will serve as a Binance brand ambassador.
The latest data for Binance Coin shows that it has added 3.68% over the last day. The performance for the last seven days shows a recession of 2.11%. The fluctuating market hasn’t let it grow its value considerably.
The price value for BNB is in the $226.07 range. If we compare the market cap value for the same coin, it is about $36,911,530,142. The 24-hour trading volume of the same coin is about $1,235,217,182.
XMR still bearish
Monero has also been through losses but hasn’t seen any change in its performance. The latest data for its performance shows that it has shed 0.46% over the last day. In comparison, the losses for the last seven days are about 5.80%. The increasing trend of losses has continued to burden it.
The price value for Monero is about $116.68. If we compare the market cap value for the same coin, it is estimated to be $2,116,782,433. The 24-hour trading volume of this coin is about $84,303,647. The same amount in its native currency is about 722,516 XMR.
FLOW regains value
Flow has seen an improvement in value, adding 2.80% over the last day. In comparison, the losses for the last seven days are about 4.40%. The changing market has brought a considerable decrease for which it might make up soon. The price value for this coin is about $1.54 and might improve if the gains continue.
The market cap value for the same coin is about $1,593,662,773. The 24-hour trading volume of this coin is about $44,505,577. The circulating supply of this coin remained 1,036,200,000 FLOW.
Final Thoughts
The global crypto market has seen a ray of hope as it has changed its direction. It has resulted in the addition of a considerable value. The changes for Bitcoin, Ethereum, and others show that the market is moving towards improvement. These changes have enhanced the global market cap value, which is currently about $904.22 billion.