Today’s market session has kicked off characterized by bull flags as the global market cap recorded a mild gain of 0.30% within a day of trading to take the total cap to $1.13T. Bitcoin (BTC), the crypto king has also reclaimed the $27K mark after recording mild gains of less than 1% within 24 hours of trading.
Trading at $27,069 as of press time, BTC had recorded an increase of 0.5% as the trading volume dropped by 26% within the same period. Bitcoin’s volatility levels are rather stable with the Bollinger bands maintaining a moderate distance away from each other.
The relative strength indicator is now moving above its average line indicating signs of a bullish trend on Bitcoin as now bulls struggle to get closer to the overbought region. The MACD indicator is also coming close to its average line as bulls now look to drive a shift back to the positive region.
Altcoin analysis
Ethereum (ETH) has also started today’s session with slight bullish trends as the asset records gains of 0.1% within a day of trading. The altcoin king, trading at $1,815 as of press time, had recorded a decrease in trading volume of 25% within the same period as of press time.
Ripple (XRP) is also doing well today recording a gain of over 1% within a day of trading as the asset boasts a 10% weekly gain in price valuation. Trading at $0.4691, XRP had seen a 49% drop in trading volume within the same period as activity on the network decreases.
Other altcoins have also registered mild gains with Dogecoin (DOGE), Polygon (MATIC), and Solana (SOL) recording mild gains of less than 1% within a day of trading as Litecoin (LTC) gained 1.8% in price valuation within a day of trading.
TRON (TRX) has recorded notable gains today boasting a 2.2% increase in price valuation within 24 hours of trading as it sits on a 4% weekly gain in price valuation. Trading at $0.07245 as of press time, TRON’s trading volume surged by over 50% within the same period.
PEPE is making headlines again today as the asset sits on a 5.9% gain within a day of trading as the asset comes back from a 9% weekly drop, placing it at the top of CoinMarketCap’s trending list. Doge CEO, ranking in third, is also making notable gains as of today’s market session recording gains of 15.18% within 24 hours.