Today’s market session has started with a rather bullish sentiment as the global market cap records a 3.44% gain within a day of trading to take the total cap to $1.07T. Bitcoin (BTC) has kicked off the day rather well as the asset now boasts a 3.9% gain within 24 hours of trading to take the asset’s price to $26.5K as bulls push for dominance.
Bitcoin’s volatility levels are however on the verge of a decrease as the Bollinger bands now slightly converge toward closing onto each other. The relative strength indicator is also currently moving high above the average line as bulls now push for the oversold region.
The MACD indicator has also now shifted to the positive region as it no moves on the positive region.
Altcoin analysis
Ethereum (ETH) has also had a fruitful session today as the asset now boasts a 4.5% gain within 24 hours of trading to take the asset’s market price to $1744 as of press time. ETH’s trading volume has increased by 19% within the same period the trading volume now stands at $7B.
Other altcoins are also doing relatively well as Ripple (XRP) now sits a 1.11% as it recovers from yesterday’s bear run to now trade at 1.11%. Cardano (ADA) has also started off well as the asset now boasts a 3.4% gain within 24 hours of trading. ADA is now sitting on a 12% weekly gain as the asset now trades at $0.2695 as of press time. Dogecoin (DOGE) has also made a notable leap today as the asset sits on a 1.6% 24-hour gain which also represents a 4.8% gain for the week as it trades at $0.06263.
Uniswap (UNI) ranking #2 on coinMarket’s cap trending list, has seen a 4.3% gain within the same period as the asset now trades at $4.63 despite a 25% drop in the trading volume to take it to $52M. UNI has a current market cap of $3B as the asset’s bulls push for dominance.
Another notable gainers today are Quant (QNT) which has seen a 14% gain within a day of trading to take its price to $113. Sui (SUI) has seen a 16% gain in 24 hours taking its price to $0.76. SUI’s seven-day gain is currently at 28%. Frax Share (FXS) has also seen an 18% gain within the same period to take its price to $5.79 as of press time as the asset’s 7-day gain stands at 13%.
