The global crypto market has seen a drop in value due to negative changes. Recent data shows that Bitcoin, Binance Coin and others have continued to suffer. The market is directly impacted by fluctuations in the global economy. In particular, the US market lows had a direct impact on the crypto, taking it to new lows. As there has been little improvement in this regard, there is little chance of a miracle for the global crypto market anytime soon.
Voyager Digital’s journey may continue to face obstacles due to multiple issues. The defunct crypto lender has managed to add to its problems over time as it is once again in troubled waters. The late lender came to the attention of the Texas Department of Banking and the Texas State Securities Board.
The agencies have filed a plea in the United States Bankruptcy Court for the Southern District of New York. They objected to the disclosure statement filed by Voyager in its Chapter 11 bankruptcy filing. The plea argued that the amount creditors might get could be considered hypothetical. The lawyers questioned the methodology used to calculate the fair market value of Voyager’s assets.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin and others.
BTC drops to $19.1K
A survey across Latin America of leader popularity shows Nayeb Bukele is on top. Although his bad bitcoin bets and investments continued to plague El Salvador’s economy, he remained popular. The collapse of the economy and other problems could persist due to the worsening of the macroeconomic situation.
Recent data for Bitcoin shows that it has continued to suffer. The latest data shows that it has lost 2.44% in the past 24 hours. Weekly data for Bitcoin shows a loss of 1.87%.
BTC’s lagging performance took its price value to $19,161.37. The market capitalization value of Bitcoin is estimated at $367,511,395,632. Bitcoin’s 24-hour trading volume is approximately $28,177,969,293.
BNB in uncertainty
Binance has continued to expand its network across the world. A new development announced the availability of the Entertix ticketing platform in Romania. The ticketing platform will use crypto as an alternative payment method for booking tickets. The partnership between the two companies will benefit the persistent crypto market.
Binance Coin’s performance shows no improvement. The latest data shows that it has lost 0.99% over the past day. Seven-day data shows a loss of 3.68% as it continues to lose.
The price value of BNB is currently in the range of $271.03. The market cap value of this coin is estimated at $43,726,456,080. The 24-hour trading volume of this coin is around $644,973,537.
SHIB keep losing
The value of Shiba Inu also continued to decline due to the bear market. The latest data shows that it has lost 1.62% over the past day. The weekly data for this coin shows a loss of 8.06%. The result of the continuing losses is a decrease in the SHIB value, which is currently around $0.00001018.
The market capitalization value for Shiba Inu is estimated at $5,588,572,621. The 24-hour trading volume of this coin is around $173,870,977. The same amount in its original currency is approximately 17,082,288,515,469 SHIB.
Avalanche’s performance also showed a recession due to the negative trend. The latest data shows that it has lost 2.86% in one day. The value of this coin has declined by 6.88% over the past week. The price value of AVAX is currently in the range of $15.71.
The market capitalization value of Avalanche is estimated at $4,655,859,525. The 24-hour trading volume of this coin is around $150,526,544. The circulating supply of this coin is approximately 296,352,975 AVAX.
The global crypto market continued to lag due to the negative trend. Recent data shows that Bitcoin, Binance Coin and others could not go bullish. The value of the global market cap has also declined as the negative trend continues. Recent data shows that it is estimated at $917.99 billion. Fluctuations continued to affect investors’ capital.