Bitcoin, Binance Coin, Shiba Inu and Tron Daily Price Analysis – December 3 Morning Prediction
The global crypto market has seen a positive trend in the last day as the gains continued. The latest changes for Bitcoin, Binance Coin and others show a positive trend. The current performance of the market shows an optimistic performance. Although the market has continued to face a stressful situation, it has shown resilience. If the bullish trend continues, the value of investor gains is likely to continue.
A recent report has revealed that the Gemini exchange was owed almost $1 billion by Genesis. The Gemini fund crisis may worsen given the liquidity crunch facing Barry Silbert’s company Digital Currency Group. The Gemini exchange appears to be the latest victim of the contagion from the FTX collapse as the market has faced turbulence. Previously, crypto lender BlockFi had filed for Chapter 11 bankruptcy due to the effects of the meltdown caused by the FTX collapse.
As the latest reports revealed that the Gemini crypto exchange may be facing a major crisis as it will have to pay almost $1 billion. The Winklevoss brothers try to get their money back, but problems keep unraveling. The report from the Financial Times shows that the crypto exchange has constituted a creditor committee that is responsible for recovering the user funds. There is speculation about the potential bankruptcy of Genesis, but work is being done on restructuring that can avoid the collapse.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin and others.
BTC stuck at $16.9K
The outflow ratio for Bitcoin miners has hit a six-month high in a new threat to the BTC price. Bitcoin Miners Increase Selling, But BTC Price Calculations Suggest A Relief Rally May Be Next.
The latest changes for Bitcoin show the continuation of the bullish trend. The latest data shows that it has increased by 0.42% in the last 24 hours. The seven-day data shows that it has increased by 2.19%.
The price value of BTC is currently in the area of $16,966.86. The market value of Bitcoin is estimated to be $326,159,381,505. The 24-hour trading volume for Bitcoin is around $16,461,274,245.
BNB remains bullish
Hooked Protocol (HOOK) has started trading on Binance, which has resulted in a price increase of as much as 2000%. There is access to four trading pairs with HOOK that can be used by investors.
The performance of Binance Coin has also shown a positive trend as capital inflows continue. The latest data shows that it has increased by 0.81% in the last 24 hours. The seven-day data shows that it has decreased 7.47%.
The price value of BNB is currently in the area of $291.45. The market value of this coin is estimated at $46,622,529,497. The 24-hour trading volume for the same coin is approximately $688,489,982.
SHIB continues to grow
The performance of the Shiba Inu also shows a trend of continuous improvement. The latest data shows that it has increased by 1.78% in the last day. The seven-day data shows that it has increased by 0.83%. The price value of SHIB is currently in the range of $0.000009363.
The market cap of Shiba Inu is estimated at $5,141,048,902. The 24-hour trading volume for this coin is around $102,105,173. The same amount in its original currency is approximately 10,900,312,786,367 SHIB.
TRX is turning bearish
Tron has moved against other coins in the market as it turned bearish. The latest data shows that it has fallen 0.24% in the last 24 hours. The seven-day data shows that it has increased by 1.20%. The price value of TRX is currently in the range of $0.05403.
The market cap of Tron is estimated at $4,977,580,260. The 24-hour trading volume for this coin is around $156,754,074. The circulating supply of the same coin is approximately 92,127,152,378 TRX.
Final thoughts
The global crypto market has witnessed a positive change as it continued to grow. The latest changes for Bitcoin, Binance Coin and others show a continuous increase in value. As the market has continued to strengthen due to capital inflows, it is likely to attract further investment. Although there are difficulties due to the collapse of large companies, the global market value is estimated at 855.12 billion dollars.
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