The crypto markets are more or less in limbo as major cryptos like Bitcoin, Ethereum, BNB, and Ripple are showing slight gains over the past 24 hours while still being down slightly over the past week.Meanwhile, the total crypto market cap is up almost 1% in the past 24 hours and currently sits at $834.4 billion.
The total crypto market volume over the last 24 hours has decreased by 13% to $52.67 billion, while Bitcoin is up 0.63% over the past day and is currently trading at an average price of $16,570.Solana, which has seen intense volatility on a massive downward trajectory since FTX's collapse, is at $14.36, up 3.41% over the past 24 hours.In other news, Binance has stepped in to bid for defunct crypto lender Voyager now that FTX is out of the picture.In an interview, Binance US CEO "CZ" Zhao confirmed that the company will make a new bid for cryptocurrency lender Voyager.
He said that this decision was made because "FTX is no longer able to follow through on that commitment".Following Voyager's bankruptcy, FTX first emerged as the frontrunner to acquire the lender while Binance's original bid was reportedly withheld.
CZ clarifies: “I think the U.S. national security concerns were rumors spread by FTX."Although it may be risky to buy into cryptocurrencies with little short to medium-term upside potential due to current market conditions, cryptocurrencies like SOL that have already suffered huge losses may be an option to consider if the wider market continues to move sideways.Read more on cryptonews.com