The global crypto market has shown a negative trend over the last few hours. The recent changes in the market have created an uncertain situation, affecting the overall performance. The value of Bitcoin and Binance Coin has declined over the last day. The ongoing changes show a mix of bullishness and bearishness for different coins. If the bears dominate, the market might see further losses. Investors have shown dormancy due to increased losses. The ongoing situation shows that there are chances for market bullishness soon.
Dutch police have arrested a crypto money laundering wallet scam suspect. The mentioned suspect was arrested in Veenendaal village in the central Netherlands. The said person laundered millions of Euros in crypto-related phishing attacks. The 39-years old person was detained till 8 September for further investigation. The arrest took place in Utrecht province with the help of a Dutch cybercrime team.
The arrested person was also found to have suspected stolen funds in the form of digital asset Monero. These assets were taken as part of the evidence because of the ongoing investigation. Even though the suspect has been released, the LEAs have been working on gathering data regarding the suspected money laundering. Police said that the suspect converted Bitcoin to Monero for his criminal activities.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.
BTC still recessive
Bitcoin has seen some historic moments recently as its mining difficulty reached its all-time high. Later, the hash rate reached its all-time high, setting new records. These changes have forced analysts to confess that Bitcoin doesn’t die and will likely remain the undisputed king for a lasting while.
The recent changes for Bitcoin show a decrease in losses. The latest data shows that it has receded 0.64% over the last 24 hours. The weekly data shows that Bitcoin has added 4.60%.
The price value for Bitcoin is currently in the $20,137.99 range. The market cap value for BTC is estimated to be $385,841,433,417. The 24-hour trading volume of Bitcoin is about $39,620,895,090.
BNB in losses
An agreement between Google Cloud and Binance took place recently. Now, 1,300 BNB Chain apps can utilize Google Cloud. The two companies joined hands for enhanced cloud services. The agreement will benefit working DApps and new startups in the Web3 space.
The performance of Bitcoin has continued to show a negative trend. The latest data shows it has shed 1.00% over the last 24 hours. The weekly data shows that the losses for this coin are about 0.81%.
The price value for BNB is currently in the $276.18 range. The market cap value for this coin is estimated to be $44,525,125,659. The 24-hour trading volume of this coin is about $1,098,738,442.
XTZ in gains
Tezos has shown a positive trend in contrast to the rest of the market. The latest data shows it has added 0.62% over the last 24 hours. The gains for the last seven days are about 1.38%. The price value for XTZ is currently in the $1.55 range.
The market cap value for Tezos is estimated to be $1,410,870,385. The 24-hour trading volume of this coin is about $53,201,806. The same amount in its native currency is about 34,274,936 XTZ.
The performance of Aave has also shown a negative trend. The latest data for this coin shows that it has receded 2.54% over the last day. The losses for the last seven days are about 6.77%. The price value for AAVE is currently in the $81.54 range.
The market cap value for Aave is estimated to be $1,149,197,516. The 24-hour trading volume of this coin is about $181,859,807. The circulating supply of this coin is about 14,093,193.
The global crypto market has seen a negative trend over recent hours. These changes have affected the performance of the overall market. The value of Bitcoin, Binance Coin, and others is on the decline. The current situation might persist, but there are chances of market bullishness. The global market cap value has also remained recessive. The latest data shows that it is estimated to be $989.84 billion.