The global crypto market had a tough day due to a bearish situation. Recent changes for Bitcoin, Binance Coin and others show a negative trend. As the market could not maintain its momentum, it suffered a considerable depreciation. The market saw a zigzag pattern due to the unruly changes. The value of various coins declined due to market uncertainty as there was no stability. There had been an uptrend for some time, but it could not be sustained.
Chainlink reaffirmed its interest in the NFT market despite the rapid depreciation. The said company expanded its services rapidly as the need for its services arose. The blockchain network said it aims to keep the momentum going for this year’s SmartCon convention. NFTs have been one of the growing segments of the Web3 arena, and Chainlink announced this as part of their product keynote.
The blockchain has announced that it will provide NFT floor price feeds to NFT users. Coinbase and Cryptex Finance will be among the best partners to leverage Chainlink’s oracle data for NFT price feeds. In a recent tweet, Chainlink said that it has partnered with Chainlink Labs to serve customers by providing insightful data.
Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Binance Coin and others.
BTC pulled by bears
Bitcoin couldn’t end September on a bullish note, but it is eyeing gains in October. The king’s coin started the month aggressively but was unable to sustain its gains. Market experts expect it to cross $20,000 and turn green.
Recent changes for Bitcoin show a continuation of the negative trend. The latest data shows that it has lost 1.11% over the past day. Weekly data shows Bitcoin added 1.06%.
As the negative trend continues, the Bitcoin price value fell to $19,326.93. The market capitalization value of Bitcoin is estimated at $370,418,524,276. Bitcoin’s 24-hour trading volume is approximately $32,064,749,227.
BNB in losses
Health and fitness ecosystem Amino has announced the launch date for its NFT collection celebrating basketball star Klay Thompson. The company has announced that it will launch its NFTs on the Binance NFT Marketplace. The said project is one of the latest additions that will attract new investment to the NFT market.
Binance Coin’s performance also shows a negative trend. The latest data shows that it has lost 0.62% over the past day. The weekly data shows an addition of 0.65% for this coin.
The price value of BNB is currently in the range of $282.87. The market value of this coin is estimated at $45,637,942,245. The 24-hour trading volume of this coin is around $646,124,187.
QNT loses momentum
Quant’s value was also impacted due to declining momentum. The latest data shows that it added 0.07% in the past 24 hours. Seven-day data shows it added 18.80%. The price value of QNT is currently in the range of $141.82.
The market capitalization value of Quant is estimated at $1,712,214,562. The 24-hour trading volume of this coin is around $93,779,853. The same amount in its original currency is approximately 661,237 QNT.
Bullish CHZ
Chiliz remained optimistic due to the inflow of capital. The latest data shows that it added 3.82% over the past day. Seven-day data shows it lost 6.53%. The price value of CHZ remained at $0.2444.
Chiliz market cap value is estimated at $1,466,480,246. The 24-hour trading volume of this coin is around $307,572,046. The circulating supply of this coin is approximately 6,000,386,953 CHZ. If the market remains bullish, its value will likely increase further.
Final Thoughts
The global crypto market has seen another bearish shift in the market. The latest data shows losses for Bitcoin, Binance Coin and others. There has been lasting uncertainty in the market, so its value has declined. The value of global market capitalization was also affected. Recent data shows that it is estimated at $939.03 billion.
