Bitcoin, Binance Coin, NEM and Holo Daily Price Analysis – September 22 Morning Price Prediction

by James · September 22, 2022

The global crypto market has seen a change in performance as the negative swings continue. The recessive changes in the market show that Bitcoin, Binance Coin and others have suffered losses. As the global political and economic situation has worsened, the market has seen a decline in value. The recent increase in inflation rates in the US has been the main reason for the losses in the market. If a further Fed hike is announced, the value of these coins could suffer further setbacks.

JP Morgan CEO Jamie Dimon has called crypto and its related assets “decentralized Ponzi schemes.” Dimon has previously criticized Bitcoin and other crypto assets as worthless. He said in a congregation that he has always been skeptical of these assets. Dimon also reiterated that he doesn’t believe in the idea that crypto is good for anyone. The use of crypto for sex trafficking, money laundering and other illegal uses has gotten a bad name.

Dimon also expressed his views on stablecoins governed by algorithms. He was referring to the collapse of Terra, which led to losses of more than $3 billion to users. Dimon instead preferred his taste for regulated stablecoins, which will be beneficial to users.

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

Table of Contents

BTC back to $19K

Nayib Bukele has remained one of the staunch supporters of Bitcoin despite the bearish pull. In a recent move, he took Bitcoin-related discussion to the United Nations General Assembly. Bukele has continued to push Bitcoin-friendly legislation, even as his country remains mired in debt. The IMF has predicted that El Salvador’s debt will reach $38 billion in five years.

BTCUSD 2022 09 22 19 28 31 — Source: TradingView

The value of Bitcoin has continued to decline due to a stronger bearish pull. The latest data shows that it has gone down 1.83% in the last 24 hours. The weekly data for Bitcoin shows that it has declined by 5.47%.

The price value for BTC is currently in the area of $19,005.01. The market value of Bitcoin is estimated to be $364,559,668,775. The 24-hour trading volume for Bitcoin is approximately $54,350,905,831.

BNB fluctuates

Binance has set up a global advisory board to drive responsible crypto regulation. As the regulatory process around the globe has gained momentum, there has been a need for companies to participate in the process. Binance’s boss CZ has stayed ahead in this regard.

BNBUSDT 2022 09 22 19 28 52 — Source: TradingView

The performance of Binance Coin has not shown any encouraging results in recent hours. The latest data shows that it has retreated 0.48% in the last 24 hours. The performance of this coin in the last week shows a loss of 2.66%.

The price value for BNB is currently in the area of $268.59. The market value of this coin is estimated at $43,404,228,554. The 24-hour trading volume for this coin is around $1,124,218,987.

XEM bullish

NEM has been in a bullish state unlike the rest of the market. The latest data for this coin shows a gain of 1.17%. The seven-day data shows that it has decreased 1.06%. The price value of XEM is currently in the range of $0.04061.

XEMUSDT 2022 09 22 19 29 18 — Source: TradingView

The market cap for NEM is estimated at $366,054,686. The 24-hour trading volume for this coin has also fluctuated, as it is currently around $10,873,017. The same amount in its native currency is approximately 267,334,247 XEM.

HOT in winnings

Holo has also followed a bullish pattern as a bullish inflow strengthened it. The latest data shows that it has increased by 1.16% in the last 24 hours. The weekly data shows it has lost 1.26%. The price value for HOT is currently in the range of $0.002047.

HOTUSDT 2022 09 22 19 31 17 — Source: TradingView

The market value of Holo is estimated to be $355,206,882. The 24-hour trading volume for this coin is approximately $26,589,771. The circulating supply of this coin is approximately 173,342,974,127 HOT.

Final thoughts

The global crypto market has continued to suffer due to prevailing bearishness. The latest data for Bitcoin, Binance Coin and others shows little hope. As the negative situation persists, the market will fall in value. The global market value is likely to suffer further. The latest data shows that it is estimated at 924.44 billion dollars.

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.