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  • Daily Price Analysis of Bitcoin, Binance Coin, Litecoin and Chainlink – August 15 Morning Price Prediction

Daily Price Analysis of Bitcoin, Binance Coin, Litecoin and Chainlink – August 15 Morning Price Prediction

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  Bitcoin

The global crypto market has witnessed a decline in growth since yesterday. This change has affected the overall performance of the market. As Bitcoin, Binance Coin, etc. have been defeated, the rest of the tokens in the market are following suit. Therefore, it is not possible to continue the upward movement due to the persistent stagnation. The previous bullish wave was expected to take the market beyond the current resistance levels, but it failed.

Monero has upgraded its system and improved security privacy features. These changes occurred when Monro completed the hard fork on August 13th. Protocol Management announced the upgrade via a tweet. According to the mentioned tweet, Monero is more private and efficient. New features include ringsize 16, Bulletproofs+ and view tags.

The developers had been working on the upgrade for the past four months. While the number of developers working on the upgrade was 70. The protocol upgrade was mainly aimed at strengthening the protocol signature mechanism. This change has increased the number of signatories from 11 to 16. It also hides the origin of transactions in the network.

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

Bitcoin depreciates in value

Bitcoin’s Longest Holder Resigns According to available updates, Vladimir van der Laan has retired after 8 years of service. He has not nominated any successor for the job and has left the position vacant for a suitable person. He expressed hope that this move would help make Bitcoin more decentralized.

BTCUSD 2022 08 15 17 34 54
Source: TradingView

The latest data for Bitcoin shows that it remains the underdog. Bitcoin failed to hold on to its gains, falling 1.71 percent, 24-hour data showed. This change affected its weekly performance, which fell 0.04%.

Changes in the market have also affected the price of Bitcoin. It is currently estimated at $24,114.67. Bitcoin market cap is estimated at $461,124,554,748. Bitcoin’s 24-hour trading volume is about $31,277,664,004.

BNB remains the underdog

Binance has received approval to provide services in Kazakhstan. According to available updates, a Binance entity has received approval from the Astana Financial Services Organization to conduct its services in this country. The aforementioned approval will help Binance to further expand its services.

BNBUSDT 2022 08 15 17 35 23
Source: TradingView

Binance Coin has also had a losing trend. The change in the market during the last 24 hours has brought a loss of 2.98%. The seven-day data shows a drop of 4.59%.

The market change has pushed the price of BNB to the range of $317.08. The market value of this coin is about $51,157,271,001. The 24-hour trading volume of this coin is about $1,206,461,341.

LTC continues to pour

Litecoin has also continued in regression mode. These changes have resulted in a 4.72% loss in the last 24 hours. Weekly data shows a drop of 3.76% for this coin. The price value for the same coin is about $61.36.

LTCUSDT 2022 08 15 17 35 46
Source: TradingView

The market cap for LTC is estimated at $4,353,607,626. The 24-hour trading volume of this coin is about $522,752,680. The same amount in its native currency is about 8,519,071 LTC.

LINK cannot save achievements

Chainlink has also been depreciating due to the bear market. The latest data shows a 4.34% drop of this coin in the last day. Weekly data showed an increase of 0.06 percent. Chainlink price is in the range of $8.67.

LINKUSDT 2022 08 15 17 37 16
Source: TradingView

The market cap for LINK is estimated at $4,075,690,860. The 24-hour trading volume of this coin is about $478,946,919. The circulating supply of this coin is about 470,099,970 LINK.

Final thoughts

The global crypto market remains subdued as bears dominate. The continuation of the downward trend of the market has caused the loss of Bitcoin and other tokens. This change is expected to continue as there are almost no signs of an upside. As negative changes continue, global market value remains in recession. The listed value is currently estimated at $1.15 trillion.