The global crypto market continues to soar as profits soar. Recent capital inflows have supported the volatility of Bitcoin, Binance Coin, and others. When the market moves in value, investors are optimistic. They have increased their investment in the hope of greater returns. The ongoing bullish wave is not very strong, but there is hope for improvement in the market.
The Ethereum community has been discussing transaction censorship. In a recent update, he shared a proposed solution. Various solutions have been proposed, including social mitigation, user-enabled soft forks, etc. The community started this discussion as soon as US authorities approved Tornado Cash and the addresses associated with it. Community members remain divided on how best to respond to the threat of transaction censorship.
Some users have called the user-enabled soft fork a trap, saying it causes more problems than it solves. Some users demand reliable neutrality and anti-censorship properties. Social withholding is also an option validators may be able to take advantage of. If this option is used, the circuit will be divided into a sensorless circuit and an OFAC compliant circuit.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin and others.
BTC sees optimism
Bitcoin addresses were at lows due to the bearish trend in the market. The recent data shows that they have reached a one-month high as the BTC price has retested $21K. Available data shows that there are 17.5 million Bitcoin addresses that have little faith in a rebound.
The recent data shows that Bitcoin has remained bullish. According to available updates, Bitcoin has added 0.40% over the last 24 hours. The weekly data shows a loss of 11.24%.
These changes have brought Bitcoin price to the $21,382.00 range. The market cap value for BTC is estimated to be $409,027,482,632. The 24-hour trading volume of Bitcoin is about $32,587,066,960.
BNB stays bullish
Binance has grown into a giant despite the negative trend in the market. The recent changes brought it considerable gains, leaving behind Coinbase, FTX, and other major exchanges. But the rise of new exchanges might pose a threat to its monopoly. Reports tell of Samsung planning to launch its own cryptocurrency exchange, which might give Binance a tough time in the longer run.
Binance Coin has also been in gains as the market remains bullish. The latest data shows that it has added 0.18% over the last 24 hours. The weekly performance still shows losses as it has shed 6.96%.
The price value for BNB is in the $296.92 range. The market cap value for this coin is estimated to be $47,904,770,700. The 24-hour trading volume of this coin is about $1,291,484,632.
EOS continues to grow
EOS has also continued to grow in value due to increasing gains. The latest data shows that it has added 12.79% in a day. In comparison, the weekly performance shows an addition of 33.41%. The price value for EOS is currently about $1.73.
The market cap value for EOS is estimated to be $1,723,149,963. The 24-hour trading volume of the same coin is about $1,569,898,591. The same amount in its native currency is about 909,840,672 EOS.
APE in gains
ApeCoin has also gained momentum due to bullishness. The recent data shows that it has added 1.84% over the last 24 hours. The weekly data shows that the losses are about 18.22%. The ongoing changes have brought its price value to the $5.17 range.
The market cap value for APE is estimated to be $1,582,740,794. The 24-hour trading volume of this coin is about $291,990,755. The circulating supply of this coin is about 306,875,000 APE.
The global crypto market has seen a positive change in value as it gained momentum. The recent data shows that Bitcoin and others have gained a considerable amount. As the market has gained traction, the global market cap value has also sought stability. The latest data shows that it is currently estimated to be $1.02 trillion.