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  • Bitcoin, Binance Coin, FTX Token and Stellar Daily Price Analysis – July 7 Morning Price Prediction

Bitcoin, Binance Coin, FTX Token and Stellar Daily Price Analysis – July 7 Morning Price Prediction

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  Bitcoin

Although the bullish trend continues, changes continue in the global crypto market. The latest data for Bitcoin and other coins shows that there has been some volatility, but the market has not gone down. It has maintained an upward trend and will probably continue to do so. The continued uptrend has helped the market recover from recent losses, but has not led the market to new gains.

China had recently outlawed all cryptocurrencies in its jurisdiction. The recent change is due to a court decision that declared the illegal payment of royalties in the form of stablecoins. This decision closes all doors to the possibility of using stablecoins in China. The aforementioned Chinese ban has also affected the global market.

Web3 games continue to evolve and new names will be added to this list. Animoca, WeMade and Samsung Next are set to support Web3 Studio for open source game development. The company will develop games based on Libplanet’s blockchain technology.

Here is a brief overview of the current state of the market, analysis of the performance of Bitcoin, Binance Coin and others.

Bitcoin cannot reach $21,000

Bitcoin has continued to see state recognition as two states, El Salvador and CAR, have already made it legal tender. An Arab kingdom is likely to adopt bitcoin soon because it is compatible with Sharia law, according to Serbian Prince Filip Karađorđević.

BTCUSD 2022 07 07 17 29 57
Source: TradingView

The latest data for Bitcoin shows that it is up 1.73% over the past day. If we compare the data of the last seven days, Bitcoin has increased by 6.92%. The value of the price of Bitcoin remains in the certain range of 21 thousand dollars.

The price of Bitcoin is in the range of $20,434.01. If we look at the market cap of Bitcoin, it is estimated to be $390,032,620,762. The 24-hour trading volume of this coin is about $21,765,637,666.

BNB sees profit freeze

Binance US has hired ex-PayPal executive Yasmin Lee as its CFO. The decision has been made to prepare for an initial public offering in the coming years. Binance has made several structural changes to deal with its challenges due to the turbulent market.

BNBUSDT 2022 07 07 17 30 33
Source: TradingView

The latest data for BNB shows a rise of 0.36% over the past day. The comparative data of the last seven days shows that it has increased by 13.48%. Binance’s price value has also fluctuated with market changes.

The current value of BNB price is in the range of $237.22. If we take a look at the market value of this coin, it is estimated at $38,732,900,755. The 24-hour trading volume of this coin is about $1,008,938,640.

FTT is growing unhindered

The FTX token has also moved unhindered, rising 4.83% in the past day. These changes have brought 13.45% profit in the last seven days. As the market has continued to be bullish, it has pushed the price of this coin to the range of $26.74.

FTTUSTD 2022 07 07 17 31 00
Source: TradingView

If we look at the market cap for FTT, it has reached $3,620,078,981. The 24-hour trading volume of this coin is about $95,977,691. The same amount in its native currency is about 3,588,441 FTT.

XLM continues to fluctuate

Stellar’s value has been fluctuating as the market has remained volatile. The latest data shows that it has increased by 1.72% in the past day. If we compare the performance of last seven days, it has increased by 4.68%. Volatility shows that the price of Stellar has reached the $0.1107 range.

XLMUSDT 2022 07 07 17 36 02
Source: TradingView

If we look at the market cap of XLM, it is estimated to be $2,774,356,784. The 24-hour trading volume of this coin is about 121300266 dollars. The circulating supply for this coin is around 25,053,627,730 XLM.

Final thoughts

The global crypto market remains bullish but failed to break the current threshold. The latest data for Bitcoin and other coins shows that they remain in the previous price range. If we take a look at the total global market value, it is estimated to be $923.53 billion, which shows no significant improvement.