Markets are on bear activity today, with the global market cap sitting 0.21% below its previous 24-hour mark, as the total cap stands at $1.43T as of press time. The fear and greed index is at 73, showing greed sentiment among investors. The global trading volume is 30% down in 24 hours, at $31.12B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity, as the Bitcoin price stood at $37.2K as of press time after recording a daily decrease of 1.4% and a weekly rise of 0.13%. As a result of the Bitcoin price, the token’s trade volume dropped by 83% during the same period and is presently at $15.76B.
The Bollinger bands are close, showing low volatility levels on the Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also started on slight bull activity, as the Ethereum price stood at $2042 after recording a daily increase of 2.2%, and the weekly rise now stands at 1.54%. ETH’s trade volume dropped by 26% during the same period, presently at $9.2B.
The Bollinger bands are far apart, showing high volatility levels on the Ethereum Price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Ethereum price despite today’s rise.
BNB price analysis
BNB (BNB) has started on bear activity, as the BNB price stood at $228.6 after recording a daily decrease of 2.3%, and the weekly drop now stands at 7.4% ahead of CZ’s resignation, news that saw BNB lose lots of value amid liquidation. BNB’s trade volume jumped by 23% during the same period, presently at $668M.
The Bollinger bands are far apart, showing high volatility levels on the BNB Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on the BNB price.
Ripple price analysis
Ripple (XRP) has also started on bear activity, as the Ripple price stood at $0.606 after recording a daily decrease of 2.4%, and the weekly drop now stands at 2.2%. XRP’s trade volume jumped by 146% during the same period, presently at $1.4B.
The Bollinger bands are far apart, showing high volatility levels on the Ethereum Price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Ripple price.
Solana price analysis
Solana (SOL) has also started on bear activity, as the Solana price stood at $55.8 after recording a daily decrease of 4.4%, and the weekly rise now stands at 6.4%. SOL’s trade volume jumped by 28% during the same period, presently at $1B.
The Bollinger bands are far apart, showing high volatility levels on the Solana Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on the Solana price.
