The global crypto market has resumed its momentum as it has shown a positive trend over the recent day. The gains for Bitcoin, Binance Coin, and others show that the market is improving. The increase in the influx of capital has resulted in a positive trend for the overall market. As the market has resumed pace, it is yet to be seen how long it will be able to retain the momentum.
The incidents of hacking blockchain protocols continue. The latest event on the list is the hacking of $1.1 million from music-streaming protocol Audius. The hacking took place through a malicious governance vote. The hacker was able to transfer 18 million audio tokens from the protocol which earned him $1.1 million.
The details from the security firm CertiK show that the hacker was able to modify some configurations in the smart contract. Once the hacker made these changes, s/he proceeded to request 18 million AUDIO tokens that were transferred from the community treasury. The on-chain data shows that the theft took place at 7 PM ET this Saturday. The stolen tokens had a market value of $6 million and were sold for a lower price.
Here is a brief overview of the current market situation analyzing the performance of Bitcoin, Binance Coin, and other altcoins.
BTC resumes game
Traders have pointed out clear cut-off points regarding the crash of Bitcoin. According to traders, it should close above $21.9K to save itself from a possible crash. The value of Bitcoin has seen a considerable decrease in the recent bearish period. It needs to avoid further lows for smooth movement.
The value of Bitcoin is consolidating as the influx has strengthened. The latest data for Bitcoin shows that it has added 1.98% over the last day. In comparison, the weekly performance shows a gain of 5.91%.
The increase has led to a hike in the price value of Bitcoin, as it is currently about $22,715.09. The market cap value for Bitcoin is estimated to be $432,412,790,177. The 24-hour trading volume of BTC is about $25,735,624,453.
BNB gains momentum
Binance has continued to attract investments from luxury brands on its blockchain. According to the available information, Swiss luxury watchmakers Franck Muller has launched exclusive Binance NFTs. These come with limited edition timepieces for select customers.
The value of Binance Coin is also on way to rise. The latest data shows an addition of 2.88% over the last 24 hours. The weekly performance shows a growth of 3.80%.
The market cap value for BNB is estimated to be $42,553,431,239. The 24-hour trading volume of this coin is about $1,004,780,233. The price value for this coin has improved in a likely manner, as it is currently about $263.75.
TRX also in a bullish mood
Tron has also been in gains as the influx has strengthened its footing. The latest data shows a growth of 1.46%. It is also reducing its weekly losses as these are currently about 1.70%. These changes have brought its price value to the $0.06749 range.
The market cap value for Tron is estimated to be $6,232,233,487. The 24-hour trading volume of this coin is about $6,232,233,487. The same amount in its native currency is about 6,454,023,836 TRX.
LTC speeds up its gains
Litecoin has also taken the road to gains as the market remains favorable. The latest data shows an addition of 5.34% in a single day. The seven-day performance shows an addition of 4.71%. The influx has also consolidated its price value which is currently about $58.11.
If we look at the market cap value for LTC, it is estimated to be $4,102,708,178. The 24-hour trading volume of the same coin is about $385,793,293. The circulating supply of this coin remained 70,788,181 LTC.
The global crypto market has continued to gain traction as the influx of capital has resumed. The reduction in sell-offs has resulted in an increase in price value for various coins. As Bitcoin, Binance Coin, and others are enjoying bullishness, it has helped the market in moving forward. It has also strengthened the global market cap value. It is currently estimated to be $1.04 trillion.