The performance of the global crypto market has shown a continued pattern of gains. The recent hours brought an influx of capital to Bitcoin, Binance Coin, and others. Though the market has seen gains, they aren’t strong enough to change significantly. The result of this situation is the lingering market lows. The investors were hopeful about the gains from their investment, but these dreams haven’t been realized yet. The market needs a decisive step to get rid of the continuing lag.
The manhunt for Terraform Labs CEO Do Kwon has continued, but the authorities haven’t been able to locate him. A Seoul court issued his arrest warrants last week, but no development has been made in this regard. Terra chief says he is not on the run and has continued living in an unidentified location.
He was previously located in Singapore, but its police said that he had escaped the country. The crypto community has repeatedly called for his arrest because of the damage his company has caused to investors. Do Kwon said that he is cooperating with law enforcement agencies and has faced lawsuits with integrity. While the South Korean authorities dismissed his claims.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC lingering in $19K
Bitcoin has continued to struggle recently as the market remained difficult for it. The lead coin couldn’t continue its gains though it has made efforts for consolidation. The recent changes forced it to recede from $20K, affecting its value.
The recent changes for Bitcoin show a continuation of fluctuations. The latest data shows that it has added 0.64%. The seven-day data for Bitcoin shows that its losses amount to 7.40%.
The price value for Bitcoin is currently in the $19,993.98 range. The market cap value for BTC is estimated to be $382,966,617,467. The 24-hour trading volume of this coin is about $25,009,609,611.
BNB uncertain
Binance CEO CZ has hailed the White House crypto framework and called it a ‘responsible innovation.’ The report from the White House came recently as the result of the executive order that President Biden had issued back in March 2022. The initiative from the US govt. will compel other countries as well to work on crypto regulations.
The performance of Binance Coin has also shown uncertainty. The latest data shows that it has added 0.14% over the last 24 hours. In comparison, the weekly data shows a loss of 6.17%.
The price value for BNB is currently in the $276.87 range. The market cap value for this coin is estimated to be $44,727,494,575. The 24-hour trading volume of this coin is about $565,035,959.
DASH in losses
Dash has also been in losses due to the continuing fluctuations in the market. The latest data shows that it has shed 0.83% over the last 24 hours. The seven-day data shows a loss of 8.94% for this coin. The price value for DASH is currently in the $43.78 range.
The market cap value for Dash is estimated to be $478,097,573. The 24-hour trading volume of this coin is about $66,599,494. The same amount in its native currency is about 1,520,667 DASH.
STX in gains
The value of Stacks has shown a trend for gains as it has attracted investments. The latest data shows that it has added 0.97% over the last 24 hours. The weekly data for this coin shows a loss of 9.45%. The price value for STX is currently in the $0.3527 range.
The market cap value for Stacks is estimated to be $470,743,492. The 24-hour trading volume of this coin is about $6,471,682. The circulating supply of this coin is about 1,334,059,765 STX.
Final Thoughts
The global crypto market has undergone a situation of uncertainty. The lag in the performance of Bitcoin, Binance Coin, and others shows a trend for emaciated gains. The result of this situation is the inability of the market to grow as expected. The recent changes show that the global market cap value has also been affected. The latest data shows that it is estimated to be $968.56 billion.
