The global crypto market has utilized the strengthened rally. The bullish wave has helped various coins gain higher value than the previous days. Bitcoin is performing better compared to the previous days as it crossed the previous lows and entered a new phase of bullishness. The changes for the market will be lasting if the gains continue till crossing the current threshold level. The market has suffered for a long while, as it has almost halved in value. Thus, it needs calm to consolidate its value.
A report about investments from Turks has revealed some interesting information. According to a study conducted in Turkey, 42.9% of Turks view gold as the best investment. Those who find crypto the best investment are few, as stats tell them only 1.9% of the total participants. This shows how the Turkish public sees investments. It is alarming for the crypto market because of Turkey’s significant place in crypto investments.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and some others.
BTC breaking barriers
Bitcoin Lightning Network has continued to progress as it has set new standards for its competitors. The latest data shows that it has crossed 3900 BTC as it has marked a new ATH. The current Bitcoin boom has helped the market revive as the new activity in the market confirms it.
The latest data for Bitcoin shows that it has gained 4.85% over the last 24 hours. If we compare the performance of Bitcoin for the last seven days, it has gained 0.75%. Thus, its weekly and daily stats tell of continuing gains.
The price value for Bitcoin has remained at $30,688.02 while it might go higher. If we compare the market cap value for Bitcoin, it is estimated to be $583,695,318,117. The 24-hour trading volume of Bitcoin remained at $28,168,420,560.
BNB following new highs
Binance Coin has obtained the approval to offer crypto products in Italy. The new change will help it expand its market while bringing gains to its blockchain. It has one of the most expansive networks on the global level, attracting considerable revenue. The new additions will help it grow further.
The current data for Binance Coin shows that the market boom has brought it 4.84%. If we compare the weekly performance, the losses for Binance are about 4.95%. The changing metrics show that Binance might be able to retain gains.
The price value for Binance is in the $317.61 range. If we compare the market cap value for BNB, it is estimated to be $51,738,308,733. The 24-hour trading volume of Binance Coin is about $1,659,523,429.
QNT super bullish
Quant has also continued in a bullish manner as its gains have risen in value. The data for the last 24 hours shows that QNT has added 5.04%. If we compare the data for the last seven days, it has shed 5.46%. The changing tendency of losses suggests movement in a better direction.
The price value for QNT is in the $70.27 range. If we compare the market cap value for this coin, it is about $848,295,833. The 24-hour trading volume of this coin is about $55,884,887. The same amount in its native currency is about 795,340 QNT.
NEO adding considerably
Neo has also been in gains as the additions for various coins continue. The data for the last 24 hours shows that it has added 8.47%. The performance of the same coin over the last seven days shows a loss of 7.29%. The positive change has helped it rise after facing a bearish wave.
The price value of Neo has reached $11.37 after new gains. Its market cap value of it has also enhanced to $802,011,030. The 24-hour trading volume of this coin remained at $84,237,617. The circulating supply of this coin is about 70,538,831 NEO.
The global crypto market has raised itself from limbo after the new gains helped it. The increase in the value has enhanced the price value of Bitcoin and other major altcoins. The global market cap value also saw a rise as the current value is about $1.27T. The tendency to rise in the market might have long-term impacts if it doesn’t turn to bearishness soon. The recent changes show that the short-lasting waves affected the market cap value.