The global crypto market has continued bullish despite the stronger pull from bears. The market has remained bullish for the last few days, attracting significant gains to various tokens. The value of Bitcoin, Binance Coin, etc., has considerably increased after a long-lasting bearish trend. The change in pace has encouraged investors to look for opportunities in the crypto market. If the current situation persists, the market will see a speedy increase in gains.
The Florida government has warned against auto-warranty scammers asking for crypto payments. The government has issued a warning despite the various methods used by the potential scammers. The FDACS newsletter has highlighted five red flags which can help users avoid scams. There have been various incidents when scammers have asked for payments in the form of crypto for services.
Consumers filed complaints against robocall scams where the scammers used pre-recorded calls to sell fraudulent services. The said situation has forced enforcement agencies to ask phone companies to avoid carrying robocall traffic. The most common payment they have asked for is cryptocurrency or gift cards. Also, the Florida government has informed residents that its representatives won’t ask for personal information like credit cards or social security numbers.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC trading at $21.5K
Bitcoin saw a big dip in value since November 2021, but various companies have shown interest in it. CEO Denver Group has confirmed that he is buying Bitcoin dip. The announcement came from an official blog of the company, published this week. The mentioned CEO has remained undeterred by the possible bearishness.
The recent changes for Bitcoin show a continuation of the positive trend. The latest data for Bitcoin shows addition of 1.24% over the last 24 hours. The weekly data shows that it has added 8.74%.
The price value for Bitcoin is currently in the $21,574.98 range. The market cap value for Bitcoin is estimated to be $414,030,053,466. The 24-hour trading volume of this coin is about $34,921,162,252.
BNB close to $300
Binance has continued to show strength in its market. In a recent move, the investors saw a considerable increase in their trading volume. According to available updates, its trading volume has registered 1 billion in 24 hours.
The performance of Binance Coin has shown retention of gains. The latest data for this coin shows that it has added 0.59% over the last 24 hours. The weekly data shows that it has added 6.06%.
The price value for BNB is currently in the $296.16 range. The market cap value for this coin is estimated to be $47,781,649,514. The 24-hour trading volume of this coin is about $743,940,751.
FTT continues smooth
FTX Token has continued to grow smoothly as the influx of capital has continued. The latest data shows that it has added 1.31% over the last 24 hours. The weekly data shows an addition of 4.87% to its value. As the influx has continued, the price value for FTT has reached the $27.62 range.
The market cap value for FTX Token is estimated to be $3,709,911,185. The 24-hour trading volume of this token is about $80,495,138. The same amount in its native currency is about 2,909,367 FTT.
The value of Stellar has also shown a speedy increase in value. The latest data shows that it has added 0.93% over the last 24 hours. The seven-day data shows that it has added 8.01%. As the gains continue, the price value for XLM has reached the $0.1151 range.
The market cap value for Stellar is estimated to be $2,919,598,500. The 24-hour trading volume of this token is about $95,652,293. The circulating supply of this token is about 25,328,345,239.
The global crypto market has continued to see a positive trend. The recent changes for Bitcoin, Binance Coin, and others show that the market has retained gains. As the positive trend has continued, gains for investors have also increased. The global market cap value has also seen stability after a long while. The recent data shows that it is currently estimated to be $1.06 trillion.