Bitcoin, Binance Coin, Tron and Cosmos Daily Price Analysis – November 3rd Morning Prediction
The performance of the global crypto market has shown a slight improvement as it narrowed its losses. The latest data for Bitcoin, Binance Coin and others shows that losses continue. The performance of the market had witnessed a lag as gains had declined. If the market can regain value due to the ongoing rally, the market may turn bullish soon. The last few days have reversed the gains that the market had accumulated.
Kraken has launched 70 Ethereum and Solana NFTs on a new gasless marketplace. The giant exchange has tried to take on OpenSea with its new marketplace. The new marketplace is brought in with an aim to reduce the losses faced by the NFT marketplace. The exchange plans to attract potential customers by reducing the cost of NFTs. The industry has been left in tatters due to the continued trend of losses.
Kraken is undeterred by the bearish situation as the spokesperson said they have come to accelerate financial markets and bring independence. The new marketplace is built by one of the most trusted groups in crypto. The marketplace is available to those who joined the product’s waiting list in May.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin and others.
BTC continues in declines
Hut 8 Mining has improved its Bitcoin holdings. According to available information, Bitcoin inventory increased to BTC by 299 for October. The company announced Thursday that it generated 299 Bitcoin in October. The increase in capital inflows has strengthened the market recently.
The latest changes for Bitcoin show reduced losses. The latest data shows that it has decreased by 0.79% in the last 24 hours. The weekly data shows that it has decreased by 2.08%.
The price value of BTC is currently in the area of $20,271.90. The market value of Bitcoin is estimated to be $388,707,075,478. The 24 hour trading volume for this coin is approximately $58,098,312,924.
BNB turns bullish
Binance CEO CZ has remained active in the crypto arena and has continued to promote it. In a recent statement, he said that India is killing the crypto market. India has increased restrictions on crypto exchanges in recent months. If the current trend continues, it is likely to affect the global crypto market.
The value of Binance Coin has also strengthened in recent hours. The latest data shows that it increased by 2.17% in the last day. The weekly performance of this coin shows a gain of 13.00%.
The price value of BNB is currently in the area of $327.40. The market value of this coin is estimated at $52,221,568,641. The 24-hour trading volume for this coin is approximately $1,765,153,037.
TRX regressive
The value of Tron has decreased due to a downward move. The latest data shows that it has decreased by 0.90% in the last 24 hours. The weekly data shows that it has declined by 2.59%. The price value of TRX is currently in the range of $0.06189.
The market cap of Tron is estimated to be $5,707,961,262. The 24-hour trading volume for this coin is approximately $390,301,065. The same amount in its original currency is approximately 6,307,696,733 TRX.
ATOM reviving value
The performance of Tron has also revived in recent hours. The latest data shows that it has increased by 0.32% in the last 24 hours. The weekly data shows that it has increased by 3.83%. The price value of ATOM is currently in the range of $13.61.
The market cap of Cosmos is estimated at $3,887,404,212. The 24 hour trading volume for this coin is approximately $311,967,438. The circulating supply of the same coin is approximately 71,529,506 LTC.
Final thoughts
The global crypto market has witnessed a slight improvement in value. The latest data shows that Bitcoin, Binance Coin and others pared losses. As the market has improved in value, it is likely to become bullish. The global market capitalization has also witnessed improvement. The latest data shows that it is currently estimated at $1.00 trillion.
