Bitcoin, Binance Coin, Avalanche, and Uniswap Daily Price Analyses – 10 July Morning Price Prediction

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The performance of the global crypto market has seen changes as the bearish trend has strengthened. The changes in the market have resulted in losses for Bitcoin, Binance Coin, and other coins. The market remained bullish for a while, but it couldn’t continue bullish. As the changes continued, there were slight fluctuations, but now there is a dominant trend of bearishness. It is yet to be seen if the market will remain bearish for a lasting while.

Russia is boosting crypto monitoring as it is about to finalize crypto regulations. Russia has continued to work on strengthening the financial regulatory authorities. The previous few months proved a testing period for their capability. It has upgraded the crypto trading capabilities, and soon it will be able to track and control them.

On the other hand, the US treasury has also completed details regarding regulations. It is about to finalize the draft for crypto policies, and it will soon look for implementations. As soon as these two major powers implement policies, the rest of the globe will follow.

Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin, and others.

BTC remains recessive

Bitcoin’s bearishness has caused some major changes in the market. These have resulted in a considerable loss for Voyager, Peter Schiff’s bank, and some other major organizations. Those investing in Bitcoin as short-lasting visitors have preferred to stay away. Voyager will return as the result of these changes.

Source: TradingView

The latest data for Bitcoin shows that it has shed 2.10% over the last 24 hours. In comparison, the weekly performance for Bitcoin shows gains of 11.44%. These changes have kept its value in a moderate range.

The price value for Bitcoin is in the $21,260.56 range. If we compare the market cap value for Bitcoin, it is estimated to be $405,858,958,799. The 24-hour trading volume of Bitcoin is about $32,063,193,749.

BNB unable to rise

Binance has continued its efforts to keep its investors and supporters in the loop. It has recently honored some major names in the market who have worked as influencers. It has given some renowned names ‘Influencer of the year 2022’ awards.

BNBUSDT 2022 07 10 16 08 40
Source: TradingView

The value of the Binance Coin is also recessive as it has shed 3.22% over the last 24 hours. The seven-day data for this coin shows that it has added 8.57%. The recessive trend might affect its value in the coming days.

The price value for BNB is in the $236.44 range. If we look at the market cap value for this coin, it is estimated to be $38,621,781,637. The 24-hour trading volume of this coin is about $858,216,568.

AVAX also faces turbulence

Avalanche has also faced turbulent times as the market remains recessive. The latest data for this coin shows that it has lost 4.14% over the last day. The seven-day data for this coin shows that it has added 19.76%. The price value for this coin is in the $19.28 range.

AVAXUSDT 2022 07 10 16 09 12
Source: TradingView

The market cap value for AVAX is estimated to be $5,459,646,294. The 24-hour trading volume of the same coin is about $286,213,520. The same amount in its native currency is about 14,847,856 AVAX.

UNI faces bearishness

The value of Uniswap has also seen a recessive trend as the losses increase. The latest data for Uniswap shows that it has shed 0.41% over the last day. These changes have resulted in a decrease in weekly gains to 27.69%. The price value for this coin is in the $6.20 range.

UNIUSDT 2022 07 10 16 10 51
Source: TradingView

If we look at the market cap value for this coin, it is estimated to be $4,558,914,408. The 24-hour trading volume of UNI is about $184,239,200. The circulating supply of this coin is about 734,135,451 UNI.

Final Thoughts

The global crypto market has remained recessive as the negative changes continue. The value of Bitcoin and other major names has deprecated while sell-offs have increased. These changes have spurred the lessening of investments in the market. The global market cap value is also declining as it is currently about $940.75 billion. If the bearishness continues, the mentioned value will decrease further. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any 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 decisions.



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