Bitcoin

Bitcoin, Binance Coin, Litecoin, FTX Price Analysis – October 21 Morning Forecast

The global crypto market witnessed a negative trend as it could not recover from the losses. Continuous mode pushed Bitcoin, Binance Coin, and others in more losses. With the deteriorating market situation, there was no hope for investors. They continued to experience losses, which reduced the value of their investments. Some investors preferred to go short, while others weigh their options. Uncertainty in the market has driven its value down in recent months.

OpenSea announced that it has reviewed the . file NFT Rarity ranking protocol after community observations. While these changes have been made, some members of the community have argued that the new scarcity protocol destroys the market-driven structure of scarcity. As the scarcity protocol has been revised, collectors may get help deciding whether to purchase NFTs.

As the new OpenRarity protocol is put into practice, users will see rank rather than rarity, influencing user decision. The NFT Marketplace made some revisions to the protocol after receiving feedback from users, but there is a lot to be done. The new listings show “rare rank” instead of rank, adding the number of attributes. The change will be applicable to all chains on October 25th.

Below is a brief overview of the current market situation with Bitcoin performance analysis, Binance coin and others.

BTC drops to $18.8K

A former congressional candidate has given up Bitcoin in exchange for XRP and LUNC. David Gokhshtein announced on Friday that he would rather buy XPR and LUNC than Bitcoin. Bitcoin’s recent bearish changes have left many investors off.

source: TradingView

Recent changes to Bitcoin Show the continuation of the negative trend. The latest data shows that it has fallen by 1.72% over the past day. Bitcoin weekly data shows a loss of 4.52%.

The value of the BTC price is currently in the $18,842.09 range and is likely to decline. The market capitalization of Bitcoin is estimated at $361,493,215,270. The 24-hour bitcoin trading volume is around $28,233,672,642.

BNB in ‚Äč‚Äčlosses

Binance has denied that it used UNI to vote Uniswap for its clients. Binance recently activated the voting function using UNI tokens for clients. This Binance UNI delegation was Uniswap’s second largest voter. But Binance’s refusal to use it made clear that it would not be used to influence community decisions.

BNBUSDT 2022 10 21 18 0037
source: TradingView

The performance of the Binance coin It also showed a downward trend. The latest data shows that it has fallen by 1.70% over the past day. The weekly data shows a decline of 2.61%.

The result of negative changes in the value of BNB price is a regression, which is currently in the $267.59 range. The market value of this coin is estimated at $42,809,153,239. The 24-hour trading volume for this coin is around $581,216,463.

LTC continues to decline

Litecoin’s value has also continued to decline due to the negative trend. The latest data shows that it has fallen 2.51% in the past 24 hours. Weekly data shows that it lost 3.96%. LTC price has dropped to the $50.25 range.

LTCUSDT 2022 10 21 18 01 05
source: TradingView

The market capitalization of Litecoin is estimated at $3,590,277,662. The 24-hour trading volume for this coin is around $352,595,594. The same amount in its local currency is about 7,015,444 LTC.

FTT is low

There was no positive change in the FTX token due to the negative trend. The latest data shows that it lost 2.26% over the past day. Weekly data shows it is down 8.30%. The price value of FTT is currently in the $22.10 range.

FTTUSDT 2022 10 21 18 04 08
source: TradingView

The market capitalization of the FTX token is estimated at $2,951,148,824. The 24-hour trading volume for this coin is around $39,339,837. The circulating supply of this coin is approximately 133,373,303 feet.

last thoughts

The global crypto market has seen a negative change in performance. The ongoing changes have affected Bitcoin, Binance Coin, and others. The market is likely to continue losing as the global landscape continues unchanged. The global market capitalization has also been affected by these negative changes. The latest data shows that it is estimated at $903.12 billion.

disclaimer The information provided is not commercial advice. Cryptopolitan.com It assumes no responsibility for any investments made based on the information on this page. We highly recommend that you conduct independent research and/or consult a qualified professional before making any investment decisions.

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