Global crypto market performance shows another low trend. The ongoing changes suggest that the market is likely to face bearishness in the next few hours. The value of Bitcoin, Binance Coin, etc. continues to retreat. At this rate, the market may not regain momentum. A temporary positive change helped the market, but there was little change in its value.
A recent survey shows that Florida is the most prepared US state for crypto adoption. The United States continues to be a pioneer in the cryptocurrency industry, but recent data shows that not all states are on an equal footing in the competition. is not ready for widespread adoption. Research suggests that it is not only the regulation that supports cryptocurrencies, but also the infrastructure that underpins them.
Florida still tops the list, with a heavy focus on Bitcoin ATMs, blockchain companies, and public interest in cryptocurrencies. The US hosts a network of 33,865 Bitcoin ATMs, which is 87.1% of his global network of ATMs. In a survey conducted by Invezz, Florida was considered the Crypto Capital of the United States due to its active involvement in the burgeoning crypto economy.
Here is a quick overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, etc.
BTC takes a turn for the worse
Trading in shares of Bitcoin miner Algo Blockchain has been suspended in the US and UK. Argo previously sold 3,843 Antminer S19J Pros for his $5.6 million. These assets were sold to provide short-term liquidity. The company announced a number of changes in October to address the difficulties.
Bitcoin’s recent changes show that it has not been able to sustain profits. According to the latest data, it is down 0.49% over the last 24 hours. Seven days of data show Bitcoin added 1.17% of him.
Currently, the price of BTC is in the $17,159.92 range. Bitcoin’s market cap is estimated at $329,981,067,727. Bitcoin’s 24-hour trading volume is approximately $16,504,739,107.
BNB loss
Binance CEO CZ and former bankrupt FTX CEO SBF continue to denounce each other. The two continued arguing over the failed FTX/Binance trade. The former FTX CEO claimed that Binance threatened to stop trading at the last minute.
Binance Coin’s performance also shows a negative trend. The latest data show a 1.20% drop from the previous day. His 7-day data for this coin shows a 1.30% drop.
BNB price is currently in the $287.34 range. The market cap of this coin is estimated at $45,964,635,666. His 24-hour trading volume for the same coin is about $584,721,157.
LTC stays red
Litecoin also remains in the red due to negative market trends. According to the latest data, in one day he has decreased by 1.93%. His 7-day performance for this coin shows a 0.75% retreat. LTC prices are currently in the $76.32 range.
Litecoin’s market capitalization is estimated at $5,479,274,539. His 24-hour trading volume for this coin is approximately $339,129,619. The same amount in your local currency is approximately 4,444,241 LTC.
TRX Still Bullish
Tron’s performance is unlike any other market. The latest data show an increase of 0.07% in the last 24 hours. The 7-day data shows an addition of 1.75%. TRX prices are currently in the $0.05494 range.
Tron’s market capitalization is estimated at $5,058,712,432. His 24-hour trading volume for this coin is around $150,550,117. The same coin has a circulation of about 92,075,811,334 TRX.
final thoughts
The global crypto market has seen a negative shift in performance in recent hours. According to the latest data, Bitcoin, Binance Coin, etc. have not been able to maintain their profits. The ongoing situation indicates that the market is likely to retreat. As the negative trend continues, the global market capitalization is also declining. According to the latest data, the amount is estimated at $855.02 billion.
