Today’s market session seems to have taken a bearish momentum recording a decrease of 5% in the global market cap, which seems to have been attributed to today’s bear market. Bitcoin, the crypto king, had recorded a 4.6% decrease in price valuation within 24 hours, forcing the asset back to $28K.
Bitcoin’s trading volume has surged by 34%, showing the increased bear activity on the asset’s network.
The bearish sentiment around Ethereum seems to be gaining momentum as ETH saw a 6% fall in price valuation during the last twenty-four hours, bringing the price down to a level below $1.9K. The level of bearish activity that has been seen has resulted in an increase of 67% in Ethereum’s trading volume over the same time period.
How are altcoins doing?
The value of a number of alternative cryptocurrencies, including Ripple (XRP) and Solana (SOL), has dropped by more than 6% today, while the value of Litecoin (LTC) has dropped by more than 10% over the course of the last 24 hours as of press time.
However, BitTorrent seems to have resisted the bear wave, as the asset’s trading volume registered an astonishing 894% rise in trading volume, while the token’s price increased by 11% within 24 hours, placing it at position 71 on CoinMarketCap.
This comes as the token’s total supply it over 8M on JustLend DAO on April 18 which proved a great milestone to the asset’s network hence attributing to the surge. BTT has a current circulating supply of 951,421,714,286,000 BTT on CoinMarketCap as of press time.
APED is today’s top gainer as the asset appears to be on for a strong bull run, having gained over 65% within 24 Hours taking the asset’s price to $6.85 within 24 hours. This surge can be attributed to a recent listing on Huobi which could have attributed to the surge.
Today’s market session seems a rather dull one, however, APED and BitTorrent have shown great resilience as they dominate in a market full of bear flags.
