TL;DR Breakdown The global crypto market remains bullish, gaining 5.48 percent in the last 24 hours. Bitcoin sees a huge gain over the last 24 hours, adding 7.70 percent Binance Coin also gains a significant amount, adding 2.54 percent in 24 hours. Flow and EOS are bullish, gaining 3.52 percent and 3.61 percent, respectively. The … Read more
- The global crypto market remains bullish, gaining 5.48 percent in the last 24 hours.
- Bitcoin sees a huge gain over the last 24 hours, adding 7.70 percent
- Binance Coin also gains a significant amount, adding 2.54 percent in 24 hours.
- Flow and EOS are bullish, gaining 3.52 percent and 3.61 percent, respectively.
The global crypto market maintains its bullish momentum and continues to add value. As the war in Ukraine cools down, the market has also enjoyed a moment of respite. More improvements are also expected as the problem settles further. Other markets have also recovered, with the US Futures the latest to show signs of significant growth. Despite recent recovery, fears of volatility continue to grow, and investors are acting boldly to guide the market through this tricky period.
The change in the political landscape has also led to lower oil prices. Stock markets have also strengthened as oil prices fell. The increasing flow towards different markets has strengthened Bitcoin as investors see it as a less volatile alternative and a secure investment. Bitcoin’s reputation also grew with growing fears of more regulations on free trade. The recent conflict has led to uncertainty in financial markets because of the sanctions on the Russian economy.
Here is a brief overview of the market situation using coins like Bitcoin, Binance Coin, and some others.
BTC soars higher
Bitcoin has been through several fluctuations in a short period. In contrast to previous years, Bitcoin gained value and shed it in epic proportions in 2022. The changes were alarming for some investors who feared Bitcoin would not regain its lost value. However, Bitcoin continues to perform better than initial predictions.
According to the latest market info, Bitcoin gained 7.70 percent in the last 24 hours. These new gains mean that the losses for the previous seven days now sit at 3.86 percent. The value of Bitcoin losses will continue to grow lower as the gains soar higher.
The market cap for Bitcoin is estimated at $793,980,840,050 as the market grows. In comparison, the 24-hour trading volume of Bitcoin is about $36,774,815,185. This is an equivalent of 879,038 BTC at the current price.
BNB keeping pace with Bitcoin
Binance Coin has also improved due to increasing investments in the crypto market. The new gains represent about 2.54 percent growth, with its current price at $394.50. Comparing its performance for the last seven days puts the losses at about 2.81 percent.
The market cap of Binance Coin has also begun to reflect the bullishness and is estimated at $65,138,447,004. At the same time, its 24-hour trading volume sits at $2,465,034,703. This figure amounts to about 6,248,515 BNB.
FLOW gathering new gains
The bullishness extends past Bitcoin and Binance Coin. Its impacts are widespread. The 48th coin in the list by market capitalization also benefitted from the improving situation. Flow gained 3.52 percent in the last 24 hours while it lost about 7.34 percent on the seven days chart.
The market cap for FLOW is estimated to be $2,090,993,326. Its trading volume for the last 24 hours is estimated at $82,805,788. The same amount in the native currency of this blockchain system is about 13,966,336 FLOW.
The circulating supply for the same coin remained 352,674,807 FLOW.
EOS too bullish from new investments
EOS has also remained in the green region as investors look to max out returns on investment. The data for the last 24 hours shows that it gained 3.61 percent. In comparison, the data for the previous seven days indicates losses of about 6.73 percent. The alternation of losses and gains keeps the market motivated.
The current market cap for EOS is estimated to be $2,012,319,379. At the same time, the 24-hour trading volume is about $341,447,002. The graph shows classic signs of fluctuations and then recovery.
There is a major improvement in the crypto market as Bitcoin made a comeback and started up the steep slope towards recovery. The global market cap has also improved, reaching $1.83T. The market recovery coincided with conflict de-escalation efforts between Russia and Ukraine. The risks of volatility are still present, but there are chances that the market will regain its value because of the reducing impact of geopolitical influences.