Bitcoin, Binance Coin, Quant and Helium daily price analyzes – July 17 morning price prediction
The performance of the global crypto market has continued to fluctuate. It appears from the losses for Bitcoin and some altcoins. While if we look at the performance of Binance Coin and its subsequent altcoins, there has been a trend of increasing gains. Thus, the polarity of the market will determine the upcoming trend. If the bearish coins dominate, it will affect the market. While if the bullish can retain momentum, they will strengthen the market.
The US government and representatives have shown a tough attitude towards Bitcoin miners. The recent change has been the demand from the Senate Democrats to get data from Bitcoin miners. They have requested a detailed report from regulators on energy consumption, environmental impacts and other factors.
A letter from members of Congress including Senator Elizabeth Warren, Representative Jared Huffman and others to the Department of Energy and Environmental Protection Agency. According to the available details, they have required information on emissions and energy consumption. While the regulators have published data obtained from seven miners.
Here is a brief overview of the current market situation, which analyzes the performance of Bitcoin, Binance Coin and others.
BTC sees a bearish day
The value of Bitcoin has continued to fluctuate due to market bearishness. The changes in Bitcoin value have also affected Bitcoin miners. According to their claims, their profits have decreased by 58%. They have barely coped with these losses as their gains were halved and weakened.
The latest data for Bitcoin shows that it has reduced profits. Although the losses are not so great, it has decreased by 0.90% in the last day. If we compare the weekly performance, Bitcoin has added 1.71%.
These changes have affected the price value of Bitcoin, which is approximately $ 21,266.31. If we compare the market value of Bitcoin, it is estimated to be $ 408,204,879,112. The 24-hour trading volume for the same coin is approximately $ 23,405,895,754.
BNB continues to gain value
The UK Treasury has revealed the news that their representatives have had meetings with top executives in the crypto market during the first quarter of the year. According to the revelation, they met Binance, Paxos, Coinbase, Circle and others’ representatives.
The value of Binance has strengthened as it has added 1.39% in the last day. The weekly performance shows that the gain for this coin is approximately 7.94%. The strength, on the other hand, shows that it will win further.
The price value for BNB is in the range of $ 252.58 while it improves further. The market value of this coin is estimated at $ 41,269,180,689. The 24-hour trading volume for the same coin is approximately $ 1,099,968,331.
QNT turns red
Quant has faced bearishness like Bitcoin as the situation for it is still unfavorable. The latest data shows that it has fallen 4.63% in the last 24 hours. If we compare the weekly performance, it has increased by 24.40%. The price value of this coin is about $ 101.10.
If we look at the market value of QNT, it is estimated at $ 1,221,227,325. The 24-hour trading volume for the same coin is approximately $ 72,671,926. The same amount in its original currency is approximately 718 416 QNT.
HNT adds further
Helium has continued to grow in value as the capital inflow continues. The latest data show that it has increased by 0.38% in the last 24 hours. The seven-day performance shows a weakening of 4.50%. The price value has fluctuated correspondingly as it is around $ 9.02.
If we look at the market value of Helium, it is estimated at $ 1,099,224,724. The 24-hour trading volume of this coin is approximately $ 7,011,089. The circulating supply of this coin is approximately 122,016,384 HNT.
Last thoughts
The global crypto market has been uncertain due to a clear bipolarity. Bitcoin and its followers are moving in a negative direction. While Binance Coin and some others have continued to gain value. It remains to be seen which of the two dominates. Global market value has also fluctuated. It is currently estimated to be 970.94 billion dollars.
