Today’s market session has kicked off in a bearish momentum after yesterday’s bull run with the global market cap recording a 0.27% loss to take the total cap to $1.16T as of press time. Bitcoin (BTC), which set a new ATH above the $28K mark for the week, has fallen back below the level amid a 0.4% drop in valuation to take its price to $27.8K.
Bitcoin’s market cap stood at $539,846,141,345 as of writing as its volatility levels stabilized with the Bollinger bands now maintaining a close distance to each other. The Relative strength index indicator is also moving high above its average line indicating a likely bullish trend on Bitcoin.
The MACD indicator is also moving on the positive side as bulls now push for the overbought region in a bid to control the Bitcoin markets.
Altcoin analysis
Ethereum (ETH), has also kicked off the day with a mild momentum after recording a minor decrease in valuation of less than 0.1% as bulls now push for the $2K level. Trading at $1901, ETH was sitting on a 2% weekly gain as the total market cap stood at $228,611,323,996 during press time.
Ripple (XRP) is however doing exceptionally well recording a 4% gain within 24 hours to take its price to $0.5004 as of writing, as it also boasts a weekly gain of 7.6%. Ripple’s market cap was currently standing at $25,995,506,238 as the asset bulls fight for market dominance.
Cardano (ADA) and Litecoin (LTC) have however recorded mild gains of less than 1% ahead of Dogecoin (DOGE), which has seen a 0.7% loss in valuation within the same period as Polygon’s (MATIC) price dropped by 2.3% within the same period.
Lido DAO (LDO) is again having a fruitful day, gaining 6.6% in valuation within a day of trading to take its price to $2.23 as it also sits on a weekly gain of 6.2%. The asset’s market cap currently stood at $1,957,022,380 as of writing.
PepeDerp, ranking on second most trending on CoinMarketCap, has seen a 96% increase within a day of trading as the weekly gain stood at 142% as the meme coin dominates for the second market day. The meme coin also has a current trading volume of $10,506,992.
KEK (KEKE), is also having a 45%increase within the same period as the weekly gain stood at 34% as the monthly gain stood at an impressive 306%.
