Today’s market session has picked off with mild bearish momentum as the global market cap decreased by 0.3% as the markets clawed back gains from the recent bull market witnessed amid the recent Bitcoin ETF’s vibe.
Bitcoin (BTC) has failed to dominate today’s session, recording a 0.2% loss within 24 hours of trading to take its price to $30.2K as of press time, as BTC bears push for a clawback from the recent bull dominance. BTC has a current market cap of $587,558,825,346, as the trading volume also stands at $15B, as the trading volume now stands at a 17% gain.
Bitcoin’s volatility levels are still up as the Bollinger bands continue moving away from each other. At the same time, the RSI, currently in the overbought region, is approached by the average line showing the effort by bears to reclaim the markets.
The MACD indicator also moves above its average line, showing the great struggle between bulls and bears as the MACD now starts a downtrend towards the average line.
Altcoin analysis
Ethereum (ETH) has also had a slow session as the asset trades at $1,868 price ahead of a 1.2% daily drop as the weekly gain stands at 8%. ETH’s market cap currently stands at $224,572,799,762, as the trading volume stands at $8B, representing a 27% increase in 24 hours.
Biswap (BSW), currently on top of the trending list, is having a good market session despite today’s slow start, as the asset sits on gains of 3.3%. BSW’s price currently stands at $0.112, with a market cap of 41.79M, a trading volume of 84.76M, and a circulating supply of 373,023,661.00 BSW.
Other altcoins are also having a good session, with Ripple (XRP) and Dogecoin (DOGE) recording losses of 1% within the same period as Cardano (ADA) and Polygon (MATIC) struggle with losses of3% and 1.4% within the same period. However, Tron (TRX) is having a fruitful session as the asset’s price gained 1.2% within a day of trading. However, Litecoin (LTC) has started slow, recording a 0.03% loss within the same period.
PEPEMON GO (PEPEGO) is also making trends as the asset rallies 6% within a day of trading, taking the meme coin’s price to $2.590. The asset has a current trading volume of 92.94K as meme coin whales kick into today’s session
Other notable gainers in today’s session are Arbitrum (ARB), which gained 3.6% within 24 hours to take its price to $1.20 as of writing, as the asset also boasts a weekly gain of 19%.
