Bitcoin, Binance Coin, Hedera Hashgraph and Elrond daily price analysis – July 11 Roundup
The global crypto market has not been able to recover from the ongoing losses. These changes have brought Bitcoin and altcoins to a low point again as they tried to improve. Recent changes have eroded recent gains as the market strives to meet difficulties. The market moved nicely during the recent positive change, but it could not continue the momentum. How much lower the current bearishness will take the market is yet to be seen.
G20 watchdog has announced the preparation of one robust the framework for cryptocurrencies. According to available information, this framework is expected to come in October. The recent changes in the market spurred the rapid development of guidelines governing crypto. The details of this framework are not yet known and may be published soon.
The recent change was the announcement of the completion of a draft cryptocurrency policy from the US Treasury. The draft was the result of an executive order from President Biden to tackle the ongoing problems.
Here is a brief overview of the current market situation, which analyzes the performance of Bitcoin, Binance Coin and others.
BTC to $ 19K
Although the market is bearish, Wall Street investors expect Bitcoin to rise to $ 100K. Bitcoin has seen a rapid decline in recent weeks and has been in the $ 20K range. Their expectations are seen by many as too optimistic, but their experience from different markets can show that they are right.
The latest data for Bitcoin shows that it has fallen 3.20% in the last day. The changes for Bitcoin in the last seven days show that it has decreased by 1.38%. The dominant trend of bearishness has continued to affect it.
The price value for Bitcoin is in the range of $ 19,930.94. If we look at the market value of this coin, it is estimated at $ 380,941,235,362. The 24-hour trading volume for Bitcoin is approximately $ 24,591,005,864.
GDP in a downward direction
Binance has made progress despite the ongoing bearishness in the market. The current allegations from reports claiming that it violates US sanctions may affect the business. Some Reuters reports have claimed that it serves Iranian miners despite US sanctions.
Binance Coin has continued to suffer as it has fallen 2.26% in the last day. The last week was also not good as it has fallen 2.54%. The latter value has seen a rapid decline as the market retreated.
The current price value for BNB is in the range of $ 225.76. The market value of the same coin is estimated at $ 36,861,873.13. The 24-hour trading volume for the same coin is approximately $ 1,002,594,940.
HBAR is rapidly returning
Hedera Hashgraph has also had problems retaining value. It has fallen 3.53% in the last day as the bearish current strengthened. These changes resulted in an increase in weekly losses to 4.00%. The mentioned changes have brought the price value to $ 0.06108.
The market value of HBAR is estimated at $ 1,287,846,030. The 24-hour trading volume of this coin is approximately $ 20,876,383. The same amount in its original currency is approximately 341,790,760 HBAR.
EGLD sees no change
Elrond has also tried to improve, but there have been none. The latest changes have resulted in a loss of 1.21% in the last day. The changes for the week period show that it has decreased by 7.09%. As these changes continue, the price value will fall rapidly. The current price value of this coin is approximately $ 50.39.
Looking at the market value of EGLD, it is estimated at $ 1,135,941,454. The 24-hour trading volume of this coin is approximately $ 51,319,838. The circulating supply of this coin is approximately 22,542,480 EGLD.
Last thoughts
The global crypto market has not managed to regain momentum. The losses for Bitcoin, Binance Coin and others have continued. The ongoing bearishness has probably affected individual investors and companies. The reduced profit has reduced investments. At present, the global market value is below $ 900 billion, about $ 889.63 billion.
