The market continued its upward trend for two consecutive days, and the expected time has come in 2022. If this progress continues, the projected gains for 2022 will materialize. New statistics on market losses have revealed a new reason, and it is a comparison of inflation over the past four decades. These statistics show that inflation reached its peak in four decades in December 2021, so the result translated into uncontrollable losses for the market.
The recent recession has kept investors in constant fear of possible future waves. Investors believe that due to its resilience compared to other coins, the only solution is to invest in Bitcoin. However, the losses and gains were huge for investors when a recessive crash hit Bitcoin. One example is Nieb Bukele’s Bitcoin investment which resulted in huge losses of El Salvador’s money.
The market may continue to fluctuate, but fears of a major recession threaten the market. Here’s a quick rundown of some of the most significant coins on the market.
BTC continues smoothly and reaches almost $44,000
Bitcoin was lucky enough to regain its position after its recent losses. The last few days were gloomy with continuous losses and some red lines. A price swing that brings Bitcoin below $39,000 is a red flag for investors that will result in a large drawdown but a quick recovery. Fears of a Bitcoin market crash have turned into hopes for fresh gains as it has steadily increased in recent days.
Bitcoin price is currently around $43,665.13 while profit over the last 24 hours is around 2.67%. In the last few days the change has offset its losses and the 7-day performance shows an increase of 0.62%.
The current market cap for Bitcoin is estimated at $827,026,925,996 and has been increasing since the new Bitcoin mining. In the last 24 hours, trading volume has also increased and hovers around $41,278,173,096.
Bitcoin is expected to continue growing if the upward trend in the market continues.
BNB has also increased its volume without encountering any problems
Binance Coin is taking advantage of the bargain market and is rising after the recent rebound. The price of Binance Coin is currently estimated at $481.59, with a 5.03% increase in the last 24 hours. If we compare with the seven-day performance, the increase is estimated at 2.73%.
The current market cap of the coin in question is around $80,398,773,225. If we look at the trading volume over the last 24 hours, it is estimated at $4,130,466,716. Binance Coin also increased its position after the tide reversed and suppressed rank 3 Tether.
AVAX turns loss into profit
Avalanches continue to claim steady positions in the top ten, but the recent recession has moved them from the top 10. The coin’s current rating is 11 while Polkadot is 10. The Avalanche’s current price is $95.82, showing an improvement after rising 7.30% in the last 24 hours.
Shiba Inu’s market cap is currently estimated at $17,622,204,623. At the same time, trading volume also improved following the entry of new capital to around 1,019,096,776 US dollars.
For the last seven days, the performance shows a gain of 0.34%, as it has turned its losses into gains. The current market cap for Avalanche token has also improved, and it is estimated to be $23,414,809,673. For the last 24 hours, the trading volume has also shown promising results and is about $964,182,265.
SHIB skyrocketing after continuous dips
Shiba Inu went through hard times during the recent recession, but it has begun to improve, as evident from the growth of 15.50% in the last 24 hours. The data for the past seven days shows that the gains during the last seven days are about 7.03%.
The market’s improvement continues and investors expect it to continue. While there is no recessive mood with big coins like Bitcoin, Ethereum and Binance, the possibility of such a situation cannot be ruled out. Capital must remain stable in the market, which is what will happen if the market remains bullish. When the bear orientation replaces the bull, there is little opportunity for growth. In case of a bearish trend, the current upside is reversed.