Bitcoin, Binance Coin, Tezos and Filecoin Daily Price Analysis – June 2nd Morning Price Prediction

Changes in the global cryptocurrency market have continued to bring fluctuations. These changes have led to losses for Bitcoin, Binance Coin and others. As the fluctuations continue, the inflow of capital to the market has also been reduced. It has led to lower global market capitalization, which is already in chaos. If the current situation persists, it can spur another recession for the market in the coming days.

FTX has continued to expand its business as the market continues to be bullish. They have shown no reluctance to acquire crypto services they offer to companies. It has focused on acquiring those cryptocurrency mining companies facing bear market problems. Other companies have opted for rescue packages and solutions to help market.

According to market experts, acquiring digital assets in a bear market will not have any negative impact. Instead, it will benefit those who seek long-term benefits. Hence, FTX is working on a long-term strategy that can bring resources and ROI.

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

BTC still recessive

Changes in the market have not only affected Bitcoin’s value and the mining community. According to the latest updates, June brought losses to the miners. According to the available data, its price revenues decreased by more than 26% while they continued further. The value of revenue from Bitcoin mining was $ 668 million.

BTCUSD 2022 07 02 21 10 14
Source: TradingView

The latest data for Bitcoin shows it has lost 0.39% in the last day. Changes over the past seven days show it has lost 8.36%. As the bearish situation persists, investors have not seen major changes.

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Bitcoin’s price value is between $ 19,223.44. If we compare the market cap value for Bitcoin, it is estimated to be $ 366,843,314,457. The 24-hour trading volume of the same coin is approximately $ 20,781,105,242.

BNB remains bullish

Binance CEO Changpeng Zhao made a 10-year prediction on the future of decentralized finance. He is bullish on cryptocurrencies, decentralized finance, etc. And he continued to predict good days. Additionally, Binance’s business has expanded as new games and companies have launched their NFTs on its platform.

BNBUSDT 2022 07 02 21 10 47
Source: TradingView

The latest figures for BNB show it added 0.82%. Dwindling earnings impacted his weekly performance, showing a loss of 6.27%. These changes suggest that investors may need to prepare for another delay.

BNB’s price value is around $ 216.10, as it has remained recessive. The market cap value has seen no improvement as it is currently estimated at $ 35,284,267,459. The 24-hour trading volume of this coin is approximately $ 829,438,610.

XTZ continues to add value

Tezos continued to be bullish as it added 4.68% on the last day. The positive changes helped him reduce his weekly losses to 2.59%. These changes show that its price value is set to improve. It is currently in the $ 1.43 range and could improve if the gains continue.

XTZUSDT 2022 07 02 21 11 13
Source: TradingView

The market cap value for XTZ is approximately $ 1,286,412,978. The 24-hour trading volume of this coin is approximately $ 78,551,539. The same amount in its native currency is approximately $ 54,958,087 XTZ.

FIL keeps adding

Filecoin also remained bullish, adding 0.50% on the last day. Weekly data shows it lost 9.66%. The downward trend has affected the price value of this coin as it is around $ 5.32. As the downward trend continues, it has affected long-term investments.

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FILUSDT 2022 07 02 21 14 48
Source: TradingView

The market cap value for FIL is estimated at $ 1,206,371,986. The 24-hour trading volume of this coin is approximately $ 76,275,390. The circulating supply of this coin remained Fil 226,819,893.

Final thoughts

Changes in the global cryptocurrency market continued to affect the coins. The value of Bitcoin, Binance Coin and others fell due to the losses. As the losses continue, it has brought lasting impacts to the market that have impacted new investments. The changes show that the value of global market capitalization was also affected. It is currently estimated at $ 866.41 billion.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com assumes no responsibility 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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