Monday’s trading session has started in a rather slow environment, with the global market cap recording a mild increase of close to zero standing at $1.17T as of press time. As the market session seems to have taken a slow momentum, BTC has also started the week with a minimal 0.4% daily gain.
The asset’s trading volume has increased by 4% as the number of whale activity on the BTC network continues to increase. Volatility on the market seems stable at the moment with the Bollinger Bands moving not so far away from each other. However, despite the mild increase, the MACD indicator shows the amount of bear activity happening on BTC.
BTC was trading at $27,681 as of press time as the asset faces the risk to break back below $27K.
Ethereum seems to have taken a bearish momentum as it faces correction which has taken back the asset to the $1.8K level. Trading $1,856 as of press time, ETH had recorded a 0.4% decrease within 24 hours as the weekly loss stood at 11%.
How are altcoins doing?
Altcoins are generally having a bad day with ADA, DOGE, SOL, and Poloygon seeing a decrease of less than 2% within the same period as bears control today’s market session.
Today’s CoinMarketCap’s top 100’s top gainer is the STX token which has recorded a 3.3% increase within the same period, defying the bear odds. With a trading volume increase of 24%, the asset was trading at $0.73 as of the time of writing.
Today’s trending list top gainer is Good Gensler, who has recorded an 11% increase for the day as well as an outstanding 2000% gain for the week. Despite the massive gain, GENSLR’s trading volume went down by 54%.
The current trading session on the market seems to be a bearish one in general, with various assets entering what appears to be a corrective phase.
