Today’s crypto markets are portraying bull flags with the global market cup recording a 1.5% increase within 24 hours to take the cap count to $1.20T as of press time. BTC, now a glance away from reclaiming the $30K mark, had recorded a 2.7% increase within the same period, as the asset’s weekly gain recovers with a 1% increase.
The asset’s trading volume recorded an increase of over 85% within the same period as the asset’s volatility moves in a steady manner with the bollinger bands maintaining a close distance.
The relative strength index has also crossed above its moving average, portraying the amount of bull activity happening on BTC’s network.
Ethereum has also consolidated a bull run as the asset gained 2.55 in price valuation within the same period. ETH has reclaimed the $1.9k mark as the asset pushes to go back above the $2K mark.
Altcoin analysis
As BTC and ETH look to dominate back the crypto markets, altcoins are also on for a good market day with some of the renowned ones recording significant raises within the same period. With Ripple recording a 0.9% decrease within 24 hours, Cardano is dominating today’s altcoin market, recording an increase of 3.4% within the same period as off-press time.
ADA is coming back from a weekly drop of 1.8%, as the altcoin recovers from what has been a bear market for the last few days. The asset’s trading volume had also recorded a 94% increase within the same period, as the asset traded at $0.41.
Solana, DOT, and LTC all recorded mild losses within the same period as MATIC boasts a 1% gain as it recovers from the recent corrections witnessed in the market that saw its price drop by 7% in valuation within one week according to CoinMarketCap data.
The Render Token continued to dominate for a second consecutive day as it recorded a 14% within the same period it also sits on a weekly gain of 19.5%. Render token’s trading volume had also recorded an increase of 110% within 24 hours of trading, as the asset traded at $2.36 as of press time. RNDR is now ranked 7th on the trending list.
MultiversX (EGLD) was today’s top 100 as the asset boasts a 22% increase within 24 hours, with its trading volume recording a 6705 increase within the same period. EGLD now ranks as the second most trending coin on CoinMarketCap behind Arbitrum, which leads the pack with a 4.3% gain within 24 hours as it recovers from its 25% weekly loss.
