Today’s market session has been a rather dormant one with the global market cap only recording a minor 0.10% increase within 24 hours. Bitcoin, the most watched of all cryptos, as ad a small start, recording a decrease of less than 1% as the asset continues to face resistance at the 31K level.
Ethereum has had minor bullish activity for the day but has recorded an outstanding 14% increase in weekly valuation as the asset now faces fresh resistance at the $2.1K level amid its recent rally attributed to the recent Shangai upgrade.
How are altcoins doing?
In the same manner, as Cardano, Polygon Polkadot, and Doge, altcoins are also experiencing a rather sluggish market day, with recorded price rises of less than 2% over the course of a day.
Shiba Inu, on the other hand, has shown a remarkable rise of 3.6% over the last twenty-four hours, and the asset shows a gain of 6% for the week. As a result of the increasing number of whale activities on the network, the trading volume of the meme currency has also surged by thirty percent in the last twenty-four hours.
Chainlink also saw a gain of over 5% within twenty-four hours, while the asset saw an increase of 13% within one week. However, the current update on the network that aims to improve network security may be to blame for the spike in Chainlink’s popularity.
