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  • Daily Price Analysis of Bitcoin, Binance Coin, Cosmos and Ethereum Classic – November 22 Morning Forecast

Daily Price Analysis of Bitcoin, Binance Coin, Cosmos and Ethereum Classic – November 22 Morning Forecast

 تاریخ انتشار :
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  Bitcoin

The global crypto market has seen no improvement in value over the past day. The performance of Bitcoin, Binance Coin and others continues to show losses. As the market remains in the doldrums, there is a significant decline in value. Both large investors and individual investors are in trouble due to the market decline. Attempts have been made to revive its value but to no avail. Investors are yet to see if the market can sustain their capital in adverse conditions.

Grand Theft Auto maker Rockstar Games has banned NFTs on third-party servers. As of a recent update, developers cannot integrate cryptocurrencies or crypto-assets into GTA servers. Minecraft creators Mojang Studio banned NFTs from their servers in July. Australia-based MyMetaverse runs games on GTA 5 that integrate NFTs in the form of swords and cars.

The creator of GTA confirmed in a statement that it does not allow third-party NFTs on its servers. The new rules specifically target role-playing servers. These are fan made and go beyond what players can do in the standard game. The company emphasized that it still supports these servers but not NFTs. The company also prohibited the misuse or importation of IP into the project.

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

Bitcoin remains at $15.7 thousand

A Dutch man was arrested for money laundering with Bitcoin. The arrested person was using Bitcoin ATMs for this person. The Ministry of Defense issued a statement announcing that the accused was released after interrogation.

BTCUSD 2022 11 22 17 31 42
Source: TradingView

Recent changes for Bitcoin indicate that it has not been able to recover from its losses. The latest data shows that it has fallen by 1.62% in the last 24 hours. Bitcoin’s weekly performance shows a decline of 6.11%.

BTC price value is currently in the range of $15,791.93. Bitcoin market cap is estimated at $303,428,546,228. Bitcoin’s 24-hour trading volume is about $32,848,805,229.

BNB continues to decline

Binance has overtaken Coinbase to become the largest holder of Bitcoin. In recent development, the company has acquired all-time new Bitcoin holdings. The exchange is also working on proof of reserves to ensure it is safe from risks.

BNBUSDT 2022 11 22 17 32 02
Source: TradingView

The performance of Binance Coin also shows a decrease in value due to the bearish market. The latest data shows that it has fallen by 0.75% in the last 24 hours. The weekly performance of this coin shows that it has decreased by 7.47%.

The price value of BNB is currently in the range of $256.15. The market value of this coin is estimated at $40,977,169,773. The 24-hour trading volume of this coin is about $882,570,639.

ATOM is further reduced

The value of the universe has continued to decline because it has not been able to regain momentum. The latest data shows that it has decreased by 2.25% compared to the previous day. The seven-day performance did not show better results as it fell 15.69%. ATOM price value is currently in the range of $8.85.

ATOMUSDT 2022 11 22 17 32 20
Source: TradingView

The market value of Cosmos is estimated at $2,535,180,314. The 24-hour trading volume of this coin is about $138,958,195. The same amount in its native currency is about 15650008 ATOM.

ETC is unable to recover value

The performance of Ethereum Classic shows that it remains at its lowest level. The latest data shows that it fell by 0.42% in the previous day. The seven-day data shows a decrease of 14.11%. ETC price value is currently in the range of $17.66.

ETCUSDT 2022 11 22 17 33 42
Source: TradingView

The Ethereum Classic market cap is estimated at $2,436,721,167. The 24-hour trading volume of this coin is about $244,457,486. The circulating supply of this coin is about 137,977,880 etc.

Final thoughts

The global crypto market remains in limbo due to adverse conditions. The latest data shows that Bitcoin, Binance Coin and others continue to decline in value. The downward trend has affected the influx of capital to the market. The global market value is also declining as it is currently estimated at $783.67 billion.