Bitcoin, Binance Coin, Cosmos and Ethereum Classic Daily Price Analysis – November 22nd Morning Prediction

by James · November 22, 2022

The global crypto market has seen no improvement in value over the past day. The performance of Bitcoin, Binance Coin and others continues to show losses. Since the market has been recessive, there is a significant decrease in value. Both large and individual investors are in trouble because of the falling market. There have been attempts to revive the value, but to no avail. Investors have yet to see whether the market will be able to retain their capital in the adverse situation.

Grand Theft Auto maker Rockstar games has banned NFTs on third-party servers. According to the latest update, developers cannot integrate cryptocurrencies or cryptoassets into GTA servers. Minecraft creators, Mojang studios banned NFTs from their servers back in July. Australia-based MyMetaverse runs games on GTA 5, which integrate NFTs in the form of swords and cars.

The creator of GTA confirmed in a statement that they will not allow third party NFTs on their servers. The new rules are specifically aimed at RPG servers. These are fan created and extend beyond what players can do in the standard game. The company emphasized that it still supports these servers, but not the NFTs. The company also prohibited the misuse or import of IP in the project.

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

Table of Contents

BTC stuck at $15.7K

A Dutch man has been arrested for allegedly laundering money with Bitcoin. The arrested person used Bitcoin ATMs for this person. LEAs have issued a statement stating that the accused was released after questioning.

BTCUSD 2022 11 22 17 31 42 — Source: TradingView

The recent changes for Bitcoin show that it has not been able to recover from losses. The latest data shows that it has gone down 1.62% in the last 24 hours. The weekly performance of Bitcoin shows that it has decreased 6.11%.

The price value of BTC is currently in the area of $15,791.93. The market value of Bitcoin is estimated to be $303,428,546,228. The 24-hour trading volume for Bitcoin is approximately $32,848,805,229.

BNB continues to pull back

Binance has become the top Bitcoin holder, surpassing Coinbase. The company has hit its new all-time holdings of Bitcoin in recent developments. The exchange is also working on proof of reserves to ensure that it remains safe from risk.

BNBUSDT 2022 11 22 17 32 02 — Source: TradingView

The performance of Binance Coin also shows a decline in value due to the bearish market. The latest data shows that it has declined 0.75% in the last 24 hours. The weekly performance of this coin shows that it has regressed by 7.47%.

The price value of BNB is currently in the area of $256.15. The market cap of this coin is estimated at $40,977,169,773. The 24 hour trading volume for this coin is approximately $882,570,639.

ATOM is further lowered

The value of Cosmos has continued to decline as it could not regain momentum. The latest data shows that it has declined by 2.25% in the last 24 hours. The seven-day performance shows no better results as it declined 15.69%. The price value of ATOM is currently in the $8.85 range.

ATOMUSDT 2022 11 22 17 32 20 — Source: TradingView

The market cap of Cosmos is estimated at $2,535,180,314. The 24 hour trading volume for this coin is around $138,958,195. The same amount in its original currency is approximately 15,650,008 ATOM.

ETC cannot recover value

The performance of Ethereum Classic shows that it has also remained at its lowest level. The latest data shows that it has fallen 0.42% in the last 24 hours. The seven-day data shows that it has gone down 14.11%. The price value of ETC is currently in the area of $17.66.

ETCUSDT 2022 11 22 17 33 42 — Source: TradingView

The market cap of Ethereum Classic is estimated to be $2,436,721,167. The 24-hour trading volume for this coin is approximately $244,457,486. The circulating supply of this coin is approximately 137,977,880 ETC.

Final thoughts

The global crypto market has remained in limbo due to unfavorable situations. The latest data shows that Bitcoin, Binance Coin and others continue to decline in value. The recessive trend has affected the inflow of capital into the market. The global market cap is also showing a decline as it is currently estimated at $783.67 billion.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com has no responsibility for investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.