Bitcoin

Bitcoin, Binance Coin, Terra Classic and Elrond Daily Price Analysis – October 23 Morning Forecast

The global crypto market saw a negative trend as it could not hold on to the gains. The constant changes put the market in a difficult situation as it again turned into a decline. bitcoin value, Binance The currency and others continued to decline due to increased pressure. As the market value continues to decline, there has been increasing pressure on investors. The market value is likely to fall further if the current situation continues.

CardanoThe founder of the company said that something special is coming in November. Charles Hoskinson has upset the Cardano community with a new announcement today. He did not provide any details of the news he shared. I have attached a GIF file with the extension Happy news guys From the 1999 animated show by Professor Farnsworth. The meme is used by anyone with good news to share. Cardano recently rolled out its Vasil update in September.

The delay in Vasil’s update has been a concern for members of the Cardano community. The ADA code, which has seen a significant increase until the upgrade, has not been able to make much of an impact since then. During a recent conversation with a YouTuber, Hoskinson said the Cardano network was in a “wait and see” mode after the release of Vasil hard fork.

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

BTC turns into a recessive state

Kazakhstan is among the top 3 destinations for bitcoin mining after the United States and China. The top three countries that contributed to Bitcoin hashing continued to shed the share of other players, including Malaysia. Change in policies and other reasons contributed to the strength of these countries.

source: TradingView

The performance of the Bitcoin It showed a negative trend during the last hours. The latest data shows that it has fallen 0.15% in the past 24 hours. Weekly data shows that it is up 0.16%.

The fluctuations in the flow resulted in the price of BTC being valued in the $19172.10 range. The market capitalization of Bitcoin is estimated at $367,668,310,193. The 24-hour bitcoin trading volume is around $15,713,073,198.

BNB remains bearish

Binance Stablecoin recorded its market share at an all-time high as the supply exceeded $20 billion. The Binance stablecoin has seen a significant change in value due to increased investor confidence. The value of the stablecoin has seen a significant decline after the crash of Terra.

BNBUSDT 2022 10 23 19 01 26
source: TradingView

The performance of the Binance coin It also showed a negative trend. The latest data shows that it has fallen 0.10% over the past day. Weekly data shows it is down 0.11%.

BNB price value is currently in the $269.94 range. The market value of this coin is estimated at $43,155,662,237. The 24-hour trading volume for this coin is around $385,008,207.

LUNC retreat

The recent changes to the Terra Classic have not been favorable as its value has declined. The latest data shows that it lost 2.77% over the past day. The weekly performance of this coin shows a loss of 13.82%. The price value of LUNC is currently in the $0.000228 range.

LUNCUSDT 2022 10 23 19 02 30
source: TradingView

The market value of the Terra Classic is estimated at $1,502,184,450. The 24-hour trading volume for this coin is around $140,413,562. The same amount in its original currency is about 6,589,688,537,260 LUNC.

EGLD remains bullish

Elrond performed differently from other coins on the market. The latest data shows that it has added 0.86% in the past 24 hours. Weekly data shows that it lost 1.15%. With the market turning bullish, the value of EGLD reached the $55.64 range.

EGLDUSDT 2022 10 23 19 04 21
source: TradingView

Elrond’s market capitalization is estimated at $1,309,968,015. The 24-hour trading volume for this coin is about $30,414,628. The circulating supply of this coin is around 23,593.852 EGLD.

last thoughts

The global cryptocurrency market has witnessed a negative trend due to a decrease in the capital inflow. The performance of Bitcoin, Binance Coin, and others showed a decline. As there is a negative trend in the market, the value of the global market cap has also fallen. The latest data shows that it is estimated at $920.11 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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