Bitcoin, Binance Coin, Stacks and Loopring Daily Price Analysis – August 20 Morning Price Prediction

The global crypto market has changed direction as various coins have turned bullish. The value of Bitcoin improved as it reduced its losses. In comparison, Binance Coin and others have seen significant gains. The current situation shows that the market has experienced pressure from investors. When the market turns bullish, investors will see an increase in gains. The only thing the market needs is a continuation of the same pace.

Some analysts have raised questions about Ethereum’s vulnerability to censorship after the merger. The latest changes in the market, such as sanctions against Tornado Cash, suggest that there is more to come. The Ethereum community has also started a discussion about resistance to the ongoing changes. They have discussed the possibility of major validators being forced to censor transactions after merging.

Ethereum founder Vitalik Buterin believes that transaction censorship will be an attack against the network. Some Ethereum projects have started blacklisting specific addresses following the recent sanctions. Although merging will reduce the energy consumption of Ethereum by over 90%, it will pose a threat to users’ freedom. The main allegation that has led to sanctions is the allegation of money laundering through the use of certain addresses.

Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin and others.

BTC shows optimism

Bitcoin price has fallen more than 13% in the last seven days, raising questions about its future. All kinds of elements challenged the price value of Bitcoin, but it has resisted. The ongoing changes show that Bitcoin has the potential for a comeback.

The latest data for Bitcoin shows that it has an added value. 24-hour data for Bitcoin shows a reduction of losses to 0.89%. The change in the market has resulted in weekly losses of Bitcoin to 13.01%.

The price value for Bitcoin is in the area of ​​$21,294.90. The market value of Bitcoin is estimated at $407,414,389,973. The 24-hour trading volume for Bitcoin is around $30,876,972,769.

BNB turns bullish

Binance has continued to secure permits and licenses worldwide. Last on the list is the Money Transmitter license from the Nevada Department of Business. Recently, it has secured permits and licenses at the global level. The bearish market pushed back other major exchanges, creating opportunities for Binance.

The value of the Binance coin has seen a significant increase. The latest data shows an increase of 0.94% in the last 24 hours. The weekly data shows a loss of 12.77%. The price value for the same coin is in the range of $287.09.

The market cap of BNB is estimated at $46,311,795,827. The 24-hour trading volume for this volume of the same coin is approximately $1,409,960,725.

STX still in losses

The value of Stacks has also seen improvement, but it could not turn bullish. The latest data shows a loss of 2.08% in the last 24 hours. The weekly data shows a loss of 22.38%. The price value for STX is in the area of ​​$0.3959.

The market value of Stacks is estimated at $526,857,745. The 24-hour trading volume for the same coin is around $101,131,577. The same amount in its original currency is approximately 25,574,612 STX.

LRC gains momentum

Loopring has also been in profit due to a bullish market. The latest data shows this coin’s increase of 0.47% in the last day. The weekly data shows a loss of 20.63%. The price value for LRC has improved to the $0.3798 area due to gains.

The market cap of LRC is estimated at $505,879,319. The 24 hour trading volume for this coin is approximately $49,975,101. The circulating supply of this coin is approximately 1,330,119,710 LRC.

Final thoughts

The global crypto market has seen a change in pattern. The latest data shows the trend of gains for Bitcoin, Binance Coin and others. As the market has seen changes, the value of various tokens has increased. The global market cap has also seen a positive change recently. The latest data shows that it is currently estimated at $1.02 trillion.