The global crypto market showed a positive trend as it struggled with losses. The past few hours have brought gains to various coins including Bitcoin, Binance Coin and others. The outcome of the positive changes raised hopes for investors. The market dragged itself through the difficult situation due to the global financial crises. The US Federal Reserve has continued to raise interest rates as other problems persist. The situation requires market strength.
Experts have argued that the SEC cannot claim jurisdiction over Ethereum transactions. The SEC had recently asserted that it had jurisdiction over Ethereum. This statement may set a dangerous precedent for the global crypto market, which has dense node clusters in the United States. Although the blockchain has more nodes in the United States than in any other country, this claim cannot be substantiated.
If the mentioned precedent is set, it could create problems for other cryptocurrencies in the future. Network censorship is feared if a government agency handles such events. Market participants said this was completely unacceptable and that they would strongly reject any such aggression. Dylan LeClair said if this served as a precedent, it would have nasty implications.
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Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin and others.
BTC stuck at $19,000
The price of bitcoin has recently fallen due to market difficulties. Market analysts predicted further blows for Bitcoin in the fourth quarter. Bitcoin sank deeper into the pit due to the bearish situation. The whole market has seen a slump due to increased losses for cryptocurrencies regardless of their losses.
Recent changes for Bitcoin show a continuation of the recessive trend. The latest data shows that it added 2.12% in the past 24 hours. Weekly data shows it lost 15.29%.
The price value of BTC is currently in the range of $19,136.49. The market capitalization value of Bitcoin is estimated at $368,388,118,367. Bitcoin’s 24-hour trading volume is approximately $35,074,553,009.
BNB tries to regain value
Binance-backed Indian crypto exchange WazirX has announced that it will be delisting several coins. These include USDC, USDP, and TUSD. The change should happen soon. WazirX followed in the footsteps of its parent company by removing these coins.
The value of Binance Coin has also suffered due to the persistence of difficult times. The latest data shows that it has lost 2.58% over the past day. The weekly data for this coin shows that it lost 9.01%.
The price value of BNB is currently in the range of $269.60. The market cap value of this coin is estimated at $43,584,904,171. The 24-hour trading volume of this coin is around $918,104,364.
Tron’s performance also showed uncertainty. The latest data shows that it added 0.78% in the past 24 hours. Weekly data shows it fell 5.52%. The price value of TRX is currently in the range of $0.06022.
The market capitalization value of Tron is estimated at $5,561,612,463. The 24-hour trading volume of this coin is estimated at $352,867,252. The same amount in its original currency is around 5,859,945,667 TRX.
ATOM in losses
Cosmos was at a loss due to a bear market. The latest data shows that it has lost 4.29% in the last 24 hours. Weekly data shows it fell 5.61%. The price value of ATOM is currently in the range of $14.99.
The market capitalization value of Cosmos is estimated at $4,292,176,406. The 24-hour trading volume of this coin is around $542,480,714. The circulating supply of this coin is approximately 286,370,297 ATOM.
The global crypto market has seen a trend of uncertainty. The difficulty for Bitcoin, Binance Coin and others has increased. If the current situation persists, the market could suffer losses. The value of global market capitalization has also been affected by recent fluctuations. The latest data shows that it is estimated at $932.72 billion.
Disclaimer. The information provided is not commercial advice. Cryptopolitan.com accepts no responsibility for investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.
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Daily Bitcoin, Binance Coin, Tron & Cosmos Price Analysis – September 20 Morning Price Prediction
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