Today’s market session is taking a bullish momentum, with the global market cap recording a 1.74% increase within 24 hours, to take the total cap to $1.20T as of press time. Bitcoin the crypto king is also doing well as the asset sits on a 24-hour gain of over 2% as the crypto king reclaims the $29K mark.
Trading at $29.1K, the asset had raised its valuation by 2.2% as BTC bulls look to drive it back above the $30K mark. BTC’s trading volume had also gone up by 20% within the same period as the market cap also went up by over 2%.
However, despite the rise, Bitcoin’s volatility levels remain high as the Bollinger bands are moving far from each other, representing the amount of whale activity on BTC’s network. The relative strength index indicator is now moving above its average line as it looks to cross above the overbought region.
Ethereum has also started on a bullish note as the asset edges closer to reclaiming the $2K mark. Trading at $1.9K as of press time, ET had recorded an increase of 2% within 24 hours as of press time. ETH’s trading volume also recorded a surge of over 19% as the market cap also saw a 2% increase within the same period.
Altcoin markets
Altcoins have also started today’s session rater strongly with the majority recording notable gains according to CoinMarketCap data. Ripple, Cardano, DOT, LTC, and Avalanche have all recorded gains close to 3% as of writing, with TON facing turbulence despite the bull market, sitting on a 2.3% 24-hour loss in price valuation.
Woo token dominates today’s top 100 tokens as it boasts a 24-hour gain of 12% as of press time. The asset’s trading volume has also seen a surge of 96% within the same period as the market cap went up by 12%. Woo was trading at $0.289 at press time.
Sui, number one on the trending list, seems to have consolidated a dire bearish momentum with the asset recording a decline of 69% in price valuation within 24 hours showing the amount of bear activity on Sui’s network.
Coming in at 3rd on the trending list is the Taboo token which had recorded an increase of 12% within 24 hours of trading as its trading volume also rose by 13% within the same period.
The Taboo token currently sits on a 22% weekly gain as the monthly gain stands at a notable 201%, displaying strong bull activity on the network.
