Today’s market session has started characterized by bullish signals as the global market cap recorded a 1.6% increase within a day of trading to take the total cap to $1.19. Bitcoin (BTC), the crypto king, has also started today’s session on bullish signals as the asset boasts a 2.3% gain within 24 hours as the asst edges in on the $31K mark.
Trading at $30.6K as of press time, BTC had a weekly gain of 15% as the market capitalization stood at $594,693,396,196 during press time. Bitcoin’s volatility levels are also rising as the Bollinger bands now diverge further away from each other, indicating increasing volatility.
The relative strength indicator is above the overbought region, indicating the strong bullish dominance of Bitcoin bulls in today’s session. The MACD indicator also moves above the positive region, indicating a bullish trend consolidating Bitcoin.
Ethereum (ETH), the altcoin king, has also kicked off today, characterized by bullish signals as the asset now trades at $1888 as of press time. Ethereum is currently sitting on gains of 0.2% within a day of trading, as the weekly gain is 8%. Ethereum’s market cap stood at $227,017,079,863 as of press time.
Other altcoins are also doing relatively well, with Cardano (ADA) and Solana (SOL) recording slight gains below 1% within 24 hours of trading as Dogecoin (DOGE), Polygon (MATIC), and Tron (TRX) recorded gains of 2%, 1.2%, and 0.4%.
Ethereum Classic is, however, making massive moves in today’s session as the asset records an 11% gain in valuation within 24 hours of trading to take its price to $19.03. The asset’s weekly gain currently stands at 23% as the treading volume rose 197% within 24 hours to reach $444M.
Bitcoin SV has also hit massive gains today, with gains of over 20% within a day of trading to take its price to $37.11, as the weekly pay stands at an impressive 44% ahead of the recent bull market. VeChain has also seen a 1.7% gain within 24 hours of trading, as the asset now sits on a weekly gain of 21% to put it among the most trending tokens.
Arbitrum (ARB), also ranking 5th trending, has had a rather fruitful weekly gain, recording gains of 11% within 7 days of trading as bulls fail to keep up the momentum, recording losses of a mild 0.2% as of today’s market session. ARB is currently trading at $1.11 with a market cap of $1,421,482,798.
