Bitcoin, Binance Coin, Tron and Cosmos Daily Price Analysis – September 20 Morning Price Prediction

by James · September 20, 2022

The global crypto market has shown a positive trend as it has been struggling with losses. The last few hours brought gains to various coins including Bitcoin, Binance Coin and others. The result of the positive changes has been hope for investors. The market has retreated amidst the tough situation due to global financial crises. The US Federal Reserve has continued to raise interest rates while other problems persist. The situation requires strength from the market.

Experts have argued that the SEC cannot claim jurisdiction over Ethereum transactions. The SEC had recently claimed that they have jurisdiction over Ethereum. The statement could set a dangerous precedent for the global crypto market, which has dense node clusters in the United States. Although the blockchain has more nodes in the US than in any other country, the claim cannot be justified.

If the aforementioned precedent is set, it could create problems for other cryptocurrencies in the future. There is fear of censorship of the network if any government bodies handle such incidents. Market stakeholders said it is completely unacceptable and they will strongly push back against any such aggression. Dylan LeClair said if it serves as a precedent, it will have ugly implications.

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 $19K

The Bitcoin price has fluctuated recently due to difficulties in the market. Market analysts have predicted new blows for Bitcoin during the fourth quarter. Bitcoin has dived deeper into the pit due to the bearish situation. The entire market has seen a meltdown due to an increase in losses for cryptocurrencies, regardless of their losses.

BTCUSD 2022 09 20 17 15 51 — Source: TradingView

The latest changes for Bitcoin show a continuation of the recessive trend. The latest data shows that it has increased by 2.12% in the last 24 hours. The weekly data shows that it has decreased by 15.29%.

The price value for BTC is currently in the area of $19,136.49. The market value of Bitcoin is estimated at $368,388,118,367. The 24-hour trading volume for Bitcoin is around $35,074,553,009.

BNB is trying to recover value

Binance-backed Indian crypto exchange WazirX has announced that it will delist several coins. These include USDC, USDP and TUSD. The change is expected to happen soon. WazirX followed in the footsteps of its parent company by removing these coins.

BNBUSDT 2022 09 20 17 16 15 — Source: TradingView

The value of the Binance coin has also suffered due to persistent hard times. The latest data shows that it has gone down 2.58% in the last day. The weekly data for this coin shows that it has fallen 9.01%.

The price value for BNB is currently in the area of $269.60. The market value of this coin is estimated at $43,584,904,171. The 24-hour trading volume for this coin is around $918,104,364.

TRX uncertain

The performance of Tron has also shown uncertainty. The latest data shows that it has increased by 0.78% in the last 24 hours. The weekly data shows that it has declined by 5.52%. The price value of TRX is currently in the range of $0.06022.

TRXUSDT 2022 09 20 17 16 31 — Source: TradingView

The market capitalization of Tron is estimated at $5,561,612,463. The 24-hour trading volume for this coin is estimated at $352,867,252. The same amount in its original currency is approximately 5,859,945,667 TRX.

ATOM in loss

Cosmos has been making losses due to a bearish market. The latest data shows that it has gone down 4.29% in the last 24 hours. The weekly data shows that it has declined by 5.61%. The price value for ATOM is currently in the $14.99 range.

ATOMUSDT 2022 09 20 17 16 49 — Source: TradingView

The market cap of Cosmos is estimated at $4,292,176,406. The 24 hour trading volume for this coin is approximately $542,480,714. The circulating supply of this coin is approximately 286,370,297 ATOM.

Final thoughts

The global crypto market has seen a trend of uncertainty. The difficulty for Bitcoin, Binance Coin and others has increased. If the current situation persists, the market may turn to losses. The global market value has also been affected by the recent fluctuations. The latest data shows that it is estimated at 932.72 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.