Today’s market session has kicked off rather slowly as the global market cap recorded a mild 0.8% gain within a day of trading, taking the total cap to $1.08T. Bitcoin (BTC), the crypto king, is also having a slow bullish session as the asset now sits on a 1.3% gain to take its price to $26,821 as of press time. Bitcoin’s weekly gain currently stands at 2.8%.
Bitcoin’s volatility levels are also decreasing steadily as the Bollinger bands converge, indicating reduced volatility on Bitcoin. The relative strength indicator is moving high above its average line, indicating a bullish trend on Bitcoin. The MACD indicator also moves above its average line as the asset’s bulls push for the oversold region as BTC prepares to consolidate a bull run.
Altcoins
Ethereum’s price is up 1.12% in the last 24 hours, bringing it to $1727. This continues the asset’s optimistic trajectory. However, Ethereum’s trading volume has also increased by 49 percent as activity on the network increases.
Now trading at $241, BNB has rebounded to show a 3% gain over the week as the asset’s 24-hour performance stands at a 0.6% drop. In the same period, the value of Ripple (XRP) decreased by 1%, reaching a current price of $0.4875. Throughout the same time frame, Cardano (ADA) has also dropped 1% while Solana (SOL) records a rise of 3.3%.
Uniswap (UNI) has witnessed a 1.28% drop as the currency trades at $4.43. The current trading volume for Uniswap is 38M, representing a 16% rise within the same period and resulting in a market size of 3B.
Polygon’s price has increased by 1.2% over the same period to reach $0.608, as it also increased by 4% during the last week. The value of Litecoin (LTC) has, however, dropped by 0..7%, and it is currently worth $76. Polkadot (DOT) has also witnessed a 1.8% drop, with the asset trading at $4.48 and a 2.9% weekly drop.
One notable gainer today is SafePal (SFP) which has recorded tremendous gains within a day of trading. Trading at $0.4788, SFP had seen a 16% raise within the same period as the market cap currently stands at 176.98M and the trading volume at 32.68M.
Sui has had a 2.6% increase, making it one of the day’s top gainers; the asset is now trading at 0.78$ before a weekly gain of 11%. Pepe has failed to hold its own, with a 0.9 percent decrease in less than 24 hours.
