The global crypto market has continued to be bearish. The recent changes in the market tell the same sad tale as Bitcoin, Binance Coin, and others stayed recessive. The ongoing changes have proved different compared to other bearish waves. As these negative changes continue, the market is likely to suffer in the terms of value. The continued regression has also affected the new investments in the market. If the current situation persists, the market is likely to see new lows.
Interpol has issued an international warrant for Do Kwon. The warrant was issued at the request of the South Korean government. The warrant from Interpol obligates law enforcement across the globe to locate and arrest Do Kwon. The red notice for the arrest of Terraform Labs founder was issued on 26 September as reported by media outlets. These notices are issued for fugitives that are either wanted for prosecution or to be sentenced.
According to the mentioned organization, these notices are applicable across the globe. In short, Do Kwon will find it hard to find any escape. The collapse of Terra UST was an event that affected the global crypto market and had lasting repercussions. Many crypto experts believe that a coordinated attack by Do Kwon caused the failure.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and others.
BTC on decline
Though Bitcoin has suffered the worst losses over the last few months, there has been an enhancement in its social dominance. The recent data shows that Bitcoin has hit a 2-month high in social dominance. The interest for BTC spiked on social platforms over the weekend, according to Santiment.
The performance of Bitcoin shows a continuation of the negative trend. The latest data shows a loss of 1.27% over the last 24 hours. The weekly data shows a gain of 1.03% for Bitcoin.
The price value for BTC is currently in the $18,880.51 range. The market cap value for this coin is estimated to be $361,768,789,565. The 24-hour trading volume of Bitcoin is about $35,646,266,004.
Binance has hinted at returning to Japan after a break of four years. The comeback is expected in a situation when the market has seen one of the coldest winters in its history. Changpeng Zhao has made attempts to reclaim the market that Binance couldn’t retain.
The performance of Binance Coin has seen no improvement recently. The latest data shows that it has regressed by 2.18%. The weekly data for this coin shows a gain of 2.55%.
The price value for BNB is currently in the $272.42 range and might recede further. The market cap value for this coin is estimated to be $43,951,878,173. The 24-hour trading volume of this coin is about $752,284,896.
The performance of Litecoin has also shown uncertainty as the bearishness continues. The latest data shows that it has shed 2.80% over the last day. The weekly data shows that it has added 2.76%. The price value for LTC is currently in the $52.61 range.
The market cap value for Litecoin is estimated to be $3,754,150,387. The 24-hour trading volume of this coin is about $468,271,922. The same amount in its native currency is about 8,887,688 LTC.
The performance of Chainlink has been no different from the rest of the market. The latest data shows that it has receded 5.50% over the last day. The weekly data shows that it has added 6.62%. The price value for LINK also saw fluctuations as it is about $7.58.
The market cap value for Chainlink is estimated to be $3,733,927,128. The 24-hour trading volume of this coin is about $59,252,649. The circulating supply of this coin is about 491,599,970 LINK.
The global crypto market has seen a regressive trend over recent days. The latest data shows that there has been no change in the bearish pattern. The value of Bitcoin, Binance Coin, and others regressed with little change. The global market cap value has also continued to lower. The latest data shows that it is about $922.90 billion.