Today’s market seems to be on a bullish momentum as the global market cap recorded an increase of 15 within 24 hours as the cap stood at $1.17T. Bitcoin has entered into a recovery period as the crypto king bulls drive to reclaim the $28K mark. Trading at $27.6K as of press time, BTC had recorded a 1% increase in 24 hours.
Bitcoins, volatility seems to be also stabilizing with the Bollinger bands moving closer to each other as the trading volume also decreased by 30% showing decreased whale activity.
Ethereum has also seen a 0.5% increase within the same period as the asset tries to recover as well from a 10% weekly price decrease. BNB also continues to show promising results the asset sits on a 2% gain within 24 hours.
How are other altcoins doing?
Ripple is on for a good market day recording a gain of close to 4% within 24 hours. The asset’s trading volume has reduced by 25% as the market cap also increased by 3.8% within the same period.
Cardano has also recorded an increase of 1.85 within the same period as Solana recorded a 2.7% as of press time showing the general effort by bulls to recover the markets. The WOO network token stood as today’s CoinMarketCap top gainer, ranking at position 88 on CoinMarketCap with a 24-hour gain of 10% as of press time. Trading at $0.27 as of press time, the trading volume increased by 36% in 24 hours.
REKT, ranking 3rd on CoinMarketCap’s trending list., stood as today’s top gainer bagging an increase in price valuation of 95% within 24 hours as of press time. The asset’s market cap has also seen an increase of over 90% within the same period.
This price increase can be attributed to a recent listing of the $REKT/USD trading pair on Bitget which is expected to take place today, 23rd of April, which might have been attributed to the increased whale activity on the token.
Today’s market session seems a recovery one as many asset’s seemed to have come close to entering a correction face.
