Bitcoin, Binance Coin, XRP and Tron Daily Price Analysis – December 17 Morning Prediction

by James · December 17, 2022

The global crypto market has seen a downward trend in recent hours. The performance of Bitcoin, Binance Coin and others shows that there has been little improvement. As the market has reduced its losses, there has been an improvement in capital inflows. Although the market has continued to lose value, there is hope that the market will soon regain momentum. Bearishness has seen a significant change as the market is likely to turn bullish soon.

Ripple’s lawyer has urged FTX venture investors to challenge the SEC. The General Counsel of Ripple stated that Kevin and all other FTX venture investors should challenge the SEC. Since FTX’s arrest, US watchdogs have been doing their best to hold him accountable for fraud and other major crimes. However, the US SEC has mentioned in its statement that the company raised $1.8 billion from equity investors in May 2019 to carry out the alleged acts.

In a recent interaction with media representatives, Kevin O’Leary mentioned that he and some other investors may not get anything back. He further added that the venture investors who lost their money understand this problem. Kevin stated that he doesn’t want anything until users get the money back into their accounts. The SEC attorney said the investors should stop the SEC from using their money to move forward with the case.

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

Table of Contents

BTC cuts losses

The Russian government has continued to oppose the use of Bitcoin for internal trading. Instead, it is of the opinion that it should only be used for foreign trade. There have been restrictions on the use of Bitcoin by ordinary people.

BTCUSD 2022 12 17 17 35 00 — Source: TradingView

Bitcoin’s performance has shown little hope as bearishness continues. The latest data shows that it has decreased 1.65% in the last 24 hours. Seven-day data shows that it has decreased by 2.51%.

The price value of BTC is currently in the area of $16,729.37. The market value of Bitcoin is estimated to be $321,809,550,639. The 24-hour trading volume for Bitcoin is approximately $22,047,669,352.

BNB continues bearish

There has been a significant drop in the value of Binance Coin as Mazars suspended ties. Various crypto audit firms have reassessed their position not to be involved with crypto in a turbulent situation.

BNBUSDT 2022 12 17 17 35 39 — Source: TradingView

The performance of Binance Coin has also shown a negative trend in recent hours. The latest data shows that it has fallen 4.99% in the last 24 hours. The seven-day data shows that it has declined by 16.97%.

The price value of BNB is currently in the area of $238.65. The market cap of this coin is estimated to be $38,176,557,101. The 24-hour trading volume for the same coin is approximately $1,547,507,939.

XRP still red

XRP has also been in a bearish mood as the market continues to suffer. The latest data shows that it has gone down 3.15% in the last 24 hours. The seven-day data shows that it has declined by 8.98%. The price value of XRP is currently in the range of $0.3533.

XRPUSDT 2022 12 17 17 35 59 — Source: TradingView

The market cap of XRP is estimated to be $17,787,586,313. The 24 hour trading volume for this coin is approximately $912,965,836. The same amount in its original currency is approximately 2,582,200,397 XRP.

TRX revival value

Tron has made attempts to revive its value, but there has been little change. The latest data shows that it has fallen 2.29% in a day. The weekly data shows that it has decreased by 2.20%. The price value of TRX is currently in the range of $0.05376.

TRXUSDT 2022 12 17 17 36 29 — Source: TradingView

The market cap of Tron is estimated to be $4,947,157,195. The market cap of this coin is approximately $247,937,818. The circulating supply of the same coin is approximately 92,028,849,363 TRX.

Final thoughts

The global crypto market has seen a negative trend in recent hours. The latest data shows that the value of Bitcoin, Ethereum and others have decreased. As the market continues to be bearish, there has been a decline in the value of gains. The negative trend has affected the inflow of capital, and has led to sales. The global market cap is estimated to be $805.96 billion when the market declines.