The performance of the global crypto market has shown a consistent winning pattern. The past few hours brought capital inflows to Bitcoin, Binance Coin, and others. Although the market has made gains, they are not strong enough to change significantly. The result of this situation is the persistent market lows. Investors hoped for the profits from their investment, but these dreams have not been realized yet. The market needs a decisive move to get rid of the ongoing lag.
The manhunt for Terraform Labs CEO Do Kwon continued, but authorities were unable to locate him. A Seoul court issued its arrest warrants last week, but no progress has been made on the matter. Terra-Chef says he is not on the run and continues to live in an unknown location.
He was previously in Singapore but police said he fled the country. The crypto community has repeatedly called for his arrest over the damage his company has caused to investors. Do Kwon said he has been cooperating with law enforcement and pursuing 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 lingers at $19,000
Bitcoin has continued to struggle lately as the market has remained difficult for it. The lead coin failed to continue gains despite efforts to consolidate. The recent changes forced it down $20,000, which affected its value.
The recent changes for Bitcoin show a continuation of the fluctuations. The latest data shows it is up 0.64%. The seven-day data for Bitcoin shows its losses amounting to 7.40%.
The price value for Bitcoin is currently in the $19,993.98 range. The market cap value for BTC is estimated at $382,966,617,467. The 24-hour trading volume of this coin is around $25,009,609,611.
Binance CEO CZ has praised the White House crypto framework, calling it “responsible innovation.” The White House report came recently as a result of the executive order President Biden issued back in March 2022. The US government initiative. will also force other countries to work on crypto regulations.
Binance Coin’s performance has also shown uncertainty. The latest data shows it is up 0.14% in 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 at $44,727,494,575. The 24-hour trading volume of this coin is approximately $565,035,959.
DASH on losses
Dash has also suffered losses due to continued market volatility. The latest data shows it is down 0.83% in the last 24 hours. The seven-day data shows an 8.94% loss for this coin. The price value for DASH is currently in the $43.78 range.
The market cap value for Dash is estimated at $478,097,573. The 24-hour trading volume of this coin is approximately $66,599,494. The same amount in its local currency is approximately DASH 1,520,667.
STX in profit
Stacks’ value has shown a trend towards gains as it has attracted investment. The latest data shows it is up 0.97% in the last 24 hours. The weekly data for this coin shows a 9.45% loss. The price value for STX is currently in the $0.3527 range.
The market cap value for Stacks is estimated at $470,743,492. The 24-hour trading volume of this coin is approximately $6,471,682. The circulation supply of this coin is approximately 1,334,059,765 STX.
The global crypto market is in a situation of uncertainty. The lag in the performance of Bitcoin, Binance Coin and others shows a trend towards emaciated profits. The result of this situation is that the market cannot grow as expected. The recent changes show that the value of the global market capitalization is also affected. The latest data shows that it is valued at $968.56 billion.
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