Bitcoin, Binance Coin, Polygon and Solana Daily Price Analysis – November 18 Morning Prediction
The global crypto market has witnessed a good day as it continues to add value. The latest changes for Bitcoin, Binance Coin and others show optimistic results. As the market has regained momentum, investors have felt reinvigorated. The ongoing changes tell of a continued bullishness that will help the market in the longer term. The market has suffered losses due to the collapse of one of the largest exchanges i.e. FTX.
US lawmakers have demanded answers from SBF and the current FTX chief. The collapse of FTX and the ensuing chaos is the talk of the town this month. New information is uncovered every day, and this has created a lasting interest in this case. Investors and customers have demanded an investigation into the former CEO of the company SBF due to the questionable practice. While others have questioned the lack of enforcement action by lawmakers.
US senators from Massachusetts and Illinois, Elizabeth Warren and Richard Durbin have written a letter to SBF and FTX’s new CEO. They have demanded answers related to the collapse of one of the largest exchanges in the world. The collapse has removed more than $180 billion from the crypto space. The aforementioned senators have called it one terrible case of greed and deception.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin and others.
BTC close to $17K
Genesis Block may have plans to cut ties with FTX before the bankruptcy case is pursued. The FTX-backed Singapore exchange is set to shut down its trading network. According to reports, the largest Asian Bitcoin ATM network is likely to announce its decisions soon.
The performance of Bitcoin has improved in recent hours. The latest data shows that it has increased by 1.74% in the last 24 hours. The weekly performance of Bitcoin shows a recession of 3.95%.
The price value of BTC is currently in the area of $16,791.04. The market value of Bitcoin is estimated to be $322,566,902,015. The 24-hour trading volume for Bitcoin is around $28,610,342,858.
BNB rises in value
Binance Sees Record Entry of 138,000 Bitcoin Inflows as Opinions Differ on What Bitcoin Price Will Do Next. Bitcoin exchange inflows mirror the 2018 crypto capitulation, but the reason for large-scale inflows into Binance remains unclear.
The performance of Binance Coin has also shown a continuation of a positive trend. The latest data shows that it has increased by 2.98% in the last 24 hours. The seven-day performance for this coin shows a loss of 7.86%.
The price value of BNB is currently in the area of $273.55. The market value of this coin is estimated to be $43,760,694,247. The 24-hour trading volume for the same coin is approximately $737,676,186.
MATIC resumes its gains
Polygon has also resumed its rally as the market has turned bullish. The latest data shows that it has increased by 2.91% in the last 24 hours. The weekly performance of this coin shows a regression of 17.73%. The price value of MATIC is currently in the range of $0.8961.
The market cap of Polygon is estimated at $7,827,128,992. The 24-hour trading volume for this coin is estimated at $356,512,106. The same amount in its original currency is approximately 398,816,994 MATIC.
SOL turns bullish
The value of Solana has also continued to grow as the inflow of capital continues. The latest data shows that it has increased by 2.52% in the last day. The weekly performance of this coin shows that it has fallen 24.60%. The price value of SOL is currently in the $13.60 range.
The market cap of Solana is estimated to be $4,929,942,570. The 24 hour trading volume for this coin is approximately $559,207,786. The circulating supply of this coin is approximately 362,432,567 SOL.
Final thoughts
The global crypto market has strengthened in recent hours due to a bullish trend. The value of Bitcoin, Binance Coin and others has increased significantly. The ongoing changes show that the market may be heading for further gains. The global market value has also improved. The latest data shows that it is estimated at 836.88 billion dollars.
