Bitcoin, Binance Coin, XRP and Polkadot daily price analysis – July 18 morning price prediction
The performance of the global crypto market has shown improvement recently. The addition of a significant value for Bitcoin as it has passed $ 22K and altcoins has been a good sign for the market. It has been the first time in recent weeks that the market has shown such resilience. The global market value has also increased as the market continues to improve.
Coinbase had faced rumors of insolvency in Europe, but it has rejected all of these rumors when it was licensed. The approval of the license proves that it is still strong and can handle the large market. As it has been licensed as a service provider of cryptocurrencies in Italy, it is seen as a great achievement as the market remains bearish.
Coinbase has encountered problems when it closed its affiliate marketing program in the United States and closed the Coinbase Pro program. According to the official blog, the license was approved by Organismo Agenti e Mediatori. Coinbase is one of the few companies that has received this license. While those who do not have the license can not offer services in Italy.
Here is a brief overview of the current market situation, which analyzes the performance of Bitcoin, Binance Coin and others.
BTC crosses $ 22K
Bitcoin data for the last few months shows that it has been through extreme difficulties. According to Glassnode, Bitcoin endured two major capitulation events in H1. One of these events was due to the LUNA collapse, which shook the market.
The latest data shows that Bitcoin has added 3.19% in the last day. If we compare the weekly performance, the gain for Bitcoin is about 7.39%. The increased gain has increased the price value.
The current price value for Bitcoin is in the range of $ 22,081.43. If we compare the market value of Bitcoin, it is estimated at $ 421,685,557,636. The 24-hour trading volume for this coin is approximately $ 34,887,444,011.
BNB is fast in gains
Although Binance has seen growth, it has also seen some serious debacle. One is a fine of 3.3 million euros from the Dutch central bank. The fine was imposed due to the operation in the country without registration. It will need legal documents to operate in the country.
Binance Coin has also added quick gains as the inflow of capital continues. The latest data show that it has increased by 3.19% in the last 24 hours. The seven-day results show an increase of 11.99%.
The price value for BNB is about $ 260.51. If we look at the market value of this coin, it is estimated at $ 42,534,902,690. The 24-hour trading volume for this coin is approximately $ 1,359,454,606.
XRP increases growth
XRP also added gains as the market remained favorable. The injection of new capital has yielded gains of 2.99% in the last day. The weekly performance shows a supplement of 10.86%. The consolidated bullishness has helped the price value reach $ 0.3625.
The market value of XRP is estimated at $ 17,523,632,233. The 24-hour trading volume for the same coin is around $ 1,530,174,043. The same amount in the original currency is approximately 4,221,348,497 XRP.
DOT adds significant value
Polkadot has also been bullish as it has added 4.66% over the last 24 hours. The seven-day performance shows that it has added 8.72%. The continued momentum has brought the price value to the $ 7.46 series. If the gains continue, the price value will consolidate further.
The market value of the DOT is estimated at $ 7,364,910,795. The 24-hour trading volume for the same coin is approximately $ 482,111,273. The circulating supply of the same coin is approximately 987,579,315 DOT.
Last thoughts
The global crypto market has seen significant improvement. These changes have brought gains to Bitcoin, Binance Coin and others. The increased inflow of capital has resulted in increased investor confidence. As the influx increased, so did the global market value. The latest data shows that it has reached 1.01 trillion dollars. For the first time in recent weeks, it has passed $ 1 trillion.
