Bitcoin Reclaims $28K as LINA and VELO Dominate

The markets seem to have entered a recovery mode after making mild corrections as of today’s early morning session. The market’s global cap has risen 0.43% as of this writing to bring the total cap back to $1.17T. Bitcoin (BTC) has now reclaimed the $28K mark as the asset’s bulls now push for market dominance ahead of a 0.2% surge within a day of trading. 

Bitcoin now has a market cap of $542,861,797,554 as of this writing. Bitcoin’s volatility levels are now rather stable as the Bollinger bands now move closer to each other. The relative strength index indicator is also moving high above its average line, indicating the grip by bulls in BTC’s network. The MACD indicator is also now moving in the positive region indicating a strong bullish trend on Bitcoin.

Altcoin analysis

Ethereum (ETH) is also running strongly in today’s afternoon session as the asset now aims for the $2K mark. Trading at $1,916 as of press time, ETH was sitting on a 0.6% gain within 24 hours of trading as the 7-day gain now stands at 3%. ETH’s market cap now stands at $230,418,664,862.

Ripple (XRP) is again doing exceptionally well with the asset gaining 4.6% within the same period to trade at $0.5027. The asset now sits on an 8% weekly gain as its current market cap stands at $26,132,363,418. 

Liner Finance (LINA) is also making massive trends as it now sits on a 16% gain within 24 hours to take its price to $0.02027. The asset, ranking as the most trending coin, is currently having a market capitalization of 106.84M as of this writing. LINA is now ranked at rank 247 on the coin market cap with a circulating supply of 5.27B LINA.

Velo (VELO), also ranking second on the trending list, has seen a 16% surge as well to trade at $0.004003. VELO now has a trading volume of 49.46M as its circulating supply of 4.98B VELO. 

Other altcoins are also recovering with Cardano (ADA), Litecoin (LTC) and Solana (SOL) have also seen increases of 0.6%, 1.4%, and 2.9% respectively as Dogecoin (DOGE), TRON (TRX), and Polygon all recorded losses of 0.08%, 1.27% and  1.6% within the same period. SingularityNET (AGIX), has also had a good afternoon gaining 6% as the weekly gain stood at 20% as of press time.