The performance of the global crypto market has continued to fluctuate. The changes in the value of Bitcoin and other currencies have continued. As the value of these coins has continued to change, there is a constant change seen in the value of the market. The value of various coins has seen constant fluctuation since March. The start of June has brought better results for the market as the bullishness has helped consolidate the market.
The LUNA scandal has led to lasting repercussions in the market. The latest in this regard is from South Korea, which has plans for legislation after the LUNA scandal. The rumors regarding defrauding customers from LUNA management have worsened the scene. South Korea will bring rules for crypto exchanges to prevent such happenings. It will save the customers from possible chances of fraud and sudden losses in stablecoins.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and some others.
BTC in a fluctuating experience
Custodia Bitcoin Bank has sued Fed over master account issue. According to the available updates, the mentioned group has accused Fed of intentional delay in processing their application for master account. They have said that Fed unlawfully held their application for more than 19 months, and now they will deal with the matter in Federal Court.
The latest data for Bitcoin shows that it has added 2.40% over the last 24 hours. The performance of the same coin for the last seven days shows a loss of 4.50%. The increasing trend for gains will reduce the losses further.
The price value for Bitcoin is in the $30,251.20 range. If we look at the market cap value for Bitcoin, it is estimated to be $576,375,556,751. The 24-hour trading volume for Bitcoin is about $40,053,236,071.
BNB recovering value
Binance has plans to acquire a license to operate in the Philippines. According to the latest available updates, CZ met authorities concerned regarding this issue and had talks regarding legal prerequisites. Binance will apply for two licenses which will be useful regarding its lawful operation in the Philippines.
Binance Coin has also turned bullish after seeing an improvement in value. It has added 3.67% over the last 24 hours. In comparison, its weekly performance shows a loss of 8.90%. The latter value has seen a rise due to fluctuations in the market.
The price value for BNB enhanced after the return to bullishness as it is currently about $289.11. The market cap value is also improving, as it is estimated to be $47,205,264,266. The 24-hour trading volume for this coin is about $1,469,210,315.
DCR in a bullish mood
Decred has also turned bullish as new gains favored it. The latest data for this coin shows that it has added 3.54%. The trend for gains is increasing, and it has reduced weekly losses to 4.74%. The price value of DCR increased to $34.83.
If we compare the market cap value for DCR, it is estimated to be $490,565,214. In contrast, the 24-hour trading volume of this coin is about $10,483,380. The same amount in its native currency is about 300,995 DCR.
AMP still bearish
Amp has also been trying to improve but hasn’t been able to turn bullish. The latest data for this coin shows that it has shed 0.65% in the past 24 hours. The weekly performance shows a loss of 9.66%. The price value was affected by the continuing negative changes, and it is currently in the $0.01124 range.
If we look at the market cap value for AMP, it is estimated to be $474,618,513. The 24-hour trading volume of this coin is about $ 377,863. The circulating supply for this coin remained at 42,227,702,186 AMP.
The global crypto market has continued to improve its value as the losses for various coins have decreased. The value of Bitcoin, Binance Coin, and some others improved significantly, which helped the market consolidate. The global market cap value has also improved as it is currently about $1.24T and might grow further. The fluctuations are expected to continue in the upcoming days as well.
Read More:Bitcoin, Binance Coin, Decred, and AMP Daily Price Analyses – 8 June Morning Price