Bitcoin, Binance Coin, Dogecoin and Litecoin Daily Price Analysis Morning Forecast for December 27

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The global crypto market saw a positive change in its performance despite the bearish pull. Bitcoin’s performance shows that it has been unable to regain momentum, while Binance Coin and others have remained bullish. The market has seen continuous swings over the past few days as the instability continues. The persistence of negative developments shows that market growth has been significantly affected. Even though the market had a strong downtrend, it showed a positive trend.

Philippines SEC has warned against unlicensed crypto exchanges amid FTX’s collapse. The Securities and Exchange Commission has pointed out that offering illegal services to Filipinos will have repercussions. When the collapse of FTX took place, the Philippine SEC issued a new warning regarding the use of illegal exchange services. The notice particularly concerns those who use the services of unregulated exchanges in the country.

The organization did not directly mention FTX’s collapse. Instead, he was referring to the collapse of a major international stock exchange. The statement said the SEC is the supervisor of the corporate sector in the Philippines and regulates about 600,000 active companies. According to official sources, many unregistered exchanges target customers through social media and online advertisements. The SEC of the Philippines has labeled these exchanges as high-risk companies.

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

BTC unable to cross $16.8K

Bitcoin will celebrate its 14th anniversary on January 3, 2023. The king’s coin has seen a huge shift over this time, dropping from a high of $69,000 to new lows in recent weeks. Some wondered if this would be the last for Bitcoin to celebrate, but its resilience shows hope.

Source: Trading View

Recent changes for Bitcoin show that it has not been able to maintain its uptrend. The latest data shows that it lost 0.20% in one day. By comparison, the seven-day data shows it added 0.02%.

The price value of BTC is currently in the range of $16,832.50. The market capitalization value of Bitcoin is estimated at $323,931,425,338. Bitcoin’s 24-hour trading volume is approximately $13,214,442,802.

BNB stays green

Binance Smart Chain (BSC) TVL has fallen to its lowest level in 19 months. While the DeFi of the same fell by 78% as the market remains unfavorable. The decline took place from its all-time high of $181.2 billion, affecting its business.

Source: Trading View

Binance Coin’s performance showed a bullish trend. The latest data shows that it added 0.12% in one day. By comparison, the seven-day data shows it lost 2.13%.

The price value of BNB is currently in the range of $243.54. The market value of this coin is estimated at $38,958,171,271. The 24-hour trading volume of this coin is around $301,129,987.

DOGE in losses

Dogecoin also posted losses in the past few hours. The latest data shows that it fell 1.32% in one day. While the weekly performance shows it added 0.48%. The price value of DOGE is currently in the range of $0.07487.

Source: Trading View

The market capitalization value of Dogecoin is estimated at $9,932,852,783. The 24-hour trading volume of this coin is around $253,318,251. The same amount in its original currency is approximately 3,379,332,427 DOGE.

LTC facing problems

Litecoin has also been in trouble due to the bearish pull. The latest data shows that it has lost 0.71% in the past 24 hours. Seven-day data shows it added 7.42%. The price value of LTC is currently in the range of $69.92.

Source: Trading View

The market capitalization value of Litecoin is estimated at $5,028,725,008. The 24-hour trading volume of this coin is around $363,265,141. The circulating supply of the same coin is approximately 71,921,305 LTC.

Final Thoughts

The global crypto market has been trending higher despite the strong bearish pull. Bitcoin’s performance showed losses, while Binance Coin added gains. The rest of the market also showed a mixed trend as the market continues to face problems. The value of global market capitalization added slightly. The latest data shows that it is estimated at $811.90 billion.

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