Bitcoin, Binance Coin, Neo and Fantom Daily Price Analysis – October 25 Morning Prediction
The global crypto market has witnessed a significant change in recent hours. The performance of Bitcoin, Binance Coin and other coins in the market improved significantly. The ongoing changes show that the market has been able to regain momentum shortly after becoming recessive. The market has continued to fluctuate between positive and negative changes in recent months. There is hope for lasting positive change, but a strong influx of capital would be necessary.
Elizabeth Warren and Alexandria Ocasio Cortez have taken aim at crypto’s revolving door. The main concerns of lawmakers have been rapidly escalating lobbying and the potential to corrupt policymaking. The two representatives have asked regulators to clarify rules surrounding ex-employees seeking jobs in the crypto industry. Letters were sent to the heads of seven agencies, including the two main regulators, the SEC and the CFTC. The legislators have asked some important questions in their letters.
These include how long ex-employees must wait after giving up their positions at the regulatory agency. They have also asked about other safeguards to protect against the conflict of interest. As part of the influence of crypto lobby groups, there has been a hiring spree of hundreds of former government officials. The letter was signed by various senators, expressing concern over this issue.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin and others.
BTC is regaining momentum
Bitcoin volatility has decreased due to some positive developments in the market. The change came as Ark Invest warms up to crypto stocks. The drop in volatility is evident from the prices of various cryptocurrencies, which are trading in a tight range. The positive changes for Bitcoin could lead to stability in the longer term.
The latest changes for Bitcoin show positive developments. The latest data shows that it has increased by 1.94% in the last 24 hours. The weekly performance of Bitcoin shows an addition of 0.88%.
The price value for BTC is currently in the area of $19,639.80. The market value of Bitcoin is estimated at $375,522,173,840. The 24-hour trading volume for this coin is approximately $25,443,132,951.
BNB takes a positive turn
Bittrex gave Binance and Coinbase a tough time for Bitcoin-Pound trading last month. Of all the crypto exchanges, Bitfinex was the biggest beneficiary of currency chaos in the UK last month, which accumulated many benefits.
The value of Binance Coin has also improved due to the influx of capital. The latest data shows that it has increased by 2.70% in the last 24 hours. The weekly data shows that it has increased by 2.58%.
The price value for BNB is currently in the area of $279.81. The market value of this coin is estimated at $44,649,471,029. The 24-hour trading volume for the same coin is approximately $550,763,889.
NEO bullish
Neo has also remained bullish due to the favorable situation in the market. The latest data shows that it has increased by 2.02% in the last 24 hours. The weekly data shows that it has increased by 7.35%. The positive increase has brought the price value of NEO to the $8.44 range.
The market value of Neo is estimated at $594,638,502. The 24-hour trading volume for this coin is approximately $28,696,827. The same amount in its original currency is approximately 3,404,153 NEO.
FTM charges further
The value of Fantom has also risen considerably as a result of the recent gains. The latest data shows that it has increased by 1.68% in the last 24 hours. Seven-day data shows it has decreased 0.12%. The price value for FTM is currently in the $0.2081 range.
The market value of Fantom is estimated at $527,734,558. The 24-hour trading volume for this coin is approximately $39,417,143. The circulating supply of this coin is approximately 2,545,006,273 FTM.
Final thoughts
The global crypto market has seen a positive trend in recent hours. The latest data for Bitcoin, Binance Coin and others shows growth. The global market capitalization has also increased due to a bullish trend. The latest data shows that it is estimated at 945.84 billion dollars. There is a need for lasting gains to keep the market in a strengthened position.
