Bitcoin, Binance Coin, Polygon, and Tron Daily Price Analyses – 31 July Morning Price Prediction

The global crypto market has changed as the influx of capital has fluctuated. The market couldn’t maintain its gains, and thus, most coins turned bearish. These changes have affected Bitcoin, Binance Coin, and others. The decrease in the capital was expected the other day, but the market sustained gains. The market needs to resume gains soon if the investors are protected from losses. It is yet to be seen what will be the next move for the market.   

Hong Kong University of Science and Technology has plans to build the world’s first metaverse school. It announced on Friday that it would build two school buildings for metaverse learning on its campuses. It will join companies and non-corporate organizations to improve digital learning. The two campuses include the Hong Kong campus and the Guangzhou campus.

The mentioned university has plans to merge digital, and ‘real’ as the students of these two schools will be able to attend classes from different areas. The availability of metaverse features will let the students feel together in the same room. Also, a professor in this university said that the new technology would celebrate the opening of the Guangzhou campus on 1 September.

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

BTC turns bearish

Though Bitcoin has seen a rally over the last few days, its investors are vulnerable. The recent rally strengthened its price value, but the vulnerability has also grown. Also, Bitcoin miners have seen difficulties due to the bearish market.

Source: TradingView

The latest data shows that Bitcoin has shed 1.15% over the last 24 hours. The increasing losses have affected its weekly performance as well. The weekly gains for Bitcoin have been reduced to 4.42%.

The price value for Bitcoin is in the $23,624.70 range. The market cap value for Bitcoin is estimated to be $451,427,258,403. The 24-hour trading volume of Bitcoin is about $27,077,769,033.

BNB going through difficulties

Binance has continued to attract new investors as its business has expanded. According to the latest updates, it has attracted a new customer, i.e., Lazio. Lazio is an Italian soccer club that will sell NFT tickets with the help of Binance. It will increase the audience’s ease of having digital tickets in the form of NFTs.

BNBUSDT 2022 07 31 13 58 13
Source: TradingView

The value of the Binance Coin has also shown lag as the losses continue. The latest data shows it has shed 0.45% over the last 24 hours. The seven-day performance shows an addition of 10.49%.

The price value for BNB is in the $290.34 range and might fluctuate. The market cap value for this coin is estimated to be $46,842,043,570. The 24-hour trading volume of this coin is about $1,500,988,891.

MATIC still bullish

Polygon has continued to attract investors as it has added further gains. The latest data shows an additional 0.28% over the last 24 hours. The seven-day data for this coin shows that it has added 8.69%. The continued influx has strengthened its price value to the $0.9464 range.

MATICUSDT 2022 07 31 13 58 37
Source: TradingView

The market cap value for MATIC shows it is about $7,603,759,087. The 24-hour trading volume for this coin is estimated to be $1,182,066,961. The same amount in its native currency is about 1,249,076,433 MATIC.

TRX exhibits downtrend

Tron has also shown signs of downtrend like Bitcoin and Binance Coin. The latest data shows that it has regressed 1.14% over the last day. The changes for the past seven days show the addition of 2.72%. As the fluctuations continued, its price value changed to the $0.6919 range.

TRXUSDT 2022 07 31 14 01 43
Source: TradingView

The market cap value for TRX is estimated to be $6,395,022,053. The 24-hour trading volume of this coin is about $529,939,303. The circulating supply of this coin is about 92,425,794,022 TRX.

Final Thoughts

The global crypto market has seen fluctuations in value due to a trend of bearishness. The increase in regression has affected various coins. These include Bitcoin, Binance Coin, and other major names. The impacts are evident from price fluctuations and other metrics. The global market cap value has also seen changes over the last day. It is currently estimated to be $1.09 trillion, decreasing by $0.01 trillion. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability 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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