The global crypto market has seen a trend of decline over recent hours. The performance of Bitcoin, Binance Coin, and others shows that there has been little improvement. As the market has continued to face problems, there has been a decrease in the influx of capital. The market has seen an increase in turbulence due to the harsh weather conditions in North America and Europe. Though it has made attempts for recovery, there has been no big change.
California regulator has issued a number of crypto scam warnings. The regulatory organization has released sixteen alerts for suspected crypto websites and fraud organizations. The mentioned scam warnings were shared on 27, and 28 December as the fraudulent activities continued. The California Department of Financial Protection and Innovation rarely releases more than one warning at a time but has made an exception this time. The previous crypto warnings included 26 alerts regarding different websites and companies.
There have been different types of scams, including advance fee scams, etc. The investors have been swindled off $1.2 million. Many of these fell for scams through social media messages as the relationship of trust between the scammer and victim was developed. Some of these websites have attempted to dupe well-known websites through slight changes to names.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC lowers further
MicroStrategy has plans to offer Bitcoin Lightning Solutions in 2023. Even though 2022 remained bearish for Bitcoin and its adherents, they have stuck to it. In the new developments, MicroStrategy has included Satoshi-powered incentives for marketing and website cybersecurity.
The recent changes for Bitcoin show that it has continued to lower its value. The latest data shows that it has shed 0.38% over the last 24 hours. The seven-day data shows that Bitcoin has receded by 1.37%.
The price value of BTC has lowered to the $16,601.37 range. The market cap value of Bitcoin is estimated to be $319,594,413,360. The 24-hour trading volume of Bitcoin is about $16,127,945,309.
BNB in gains
3Commas CEO has confirmed the leak of the API key following the warning from the Binance CEO. Though Binance CEO was less than receptive to the claims of losses due to the mentioned API leak, he has recommended proper security verification steps.
The performance of Binance Coin has shown a positive trend. The latest data shows that it has added 0.96%. The weekly performance of the same coin shows that it has added 0.22%.
The price value of BNB is currently in the $245.87 range. The market cap value of this coin is estimated to be $39,332,177,848. The 24-hour trading volume of the same coin is about $370,146,635.
QNT continues bullish
Quant has also been in gains as the market remained favorable. The latest data shows that it has added 0.98% over the last day. The seven-day performance of this coin shows that it has added 7.03%, bringing a significant change. The price value of QNT has improved to the $111.27 range.
The market cap value of Quant is estimated to be $1,343,305,732. The 24-hour trading volume of this coin is about $24,083,608. The same amount in its native currency is about 216,501 QNT.
VET adding value
VeChain has also added value as a result of the favorable market. The latest data shows that it has added 0.36% in a day. In comparison, the weekly performance shows that it has shed 4.38%. The price value of VET is currently in the $0.01563 range.
The market cap value of VeChain is estimated to be $1,133,252,593. The 24-hour trading volume of this coin is about $27,644,038. The circulating supply of the same coin is about 72,511,146,418 VET.
Final Thoughts
The global crypto market has seen a trend of decline over recent hours. Though there have been attempts from Bitcoin, Binance Coin, and others to add gains, there has been little change. The continuation of the negative trend in the overall market shows that it faces severe downward pressure. The global market cap value has also faced uncertainty as it is estimated to be $797.46 billion.
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