Markets Start Slow as Ripple Dominates Today’s Session

By Kester Odero

June 19, 2023 8:02 AM

Altcoins News Crypto Market News

Markets Start Slow as Ripple Dominates Today’s Session

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Table of contents

1. Altcoin analysis

A bearish trend has characterised today’s market session as the week starts with monir bull activities. Bitcoin (BTC) has started slowly as the asset now records a 0.39% drop from its previous 24-hour price and faces resistance on the 27K level.

BTC, currently trading at $26.4K, has a trading volume of $9,368,812,742, representing a 2.9% drop within the same period. Bitcoin’s volatility levels decrease after an earlier spike as the Bollinger bands move towards each other.

The relative strength indicator is also moving high above its average line as the asset’s bulls now look to push for the overbought region as a bullish trend looms. The MACD indicator has also shifted to the positive side as bulls look to take control.

Markets Start Slow as Ripple Dominates Today's Session 1 — BTC 1-day chart | Source: TradingView

Altcoin analysis

Ethereum (ETH) has also seen a mild drop of 0.2% as the asset faces resistance at the $1.8K level. Ethereum has a trading volume of $4B, representing a 4% drop within the same period with a trading volume of $207B.

Ripple (XRP) has started well as the asset now trades at $0.4936, representing a 2.5% raise within a day of trading, as the weekly drop now stands at 3.8%. Ripple’s trading volume has seen a 63% surge within 24 hours of trading to reach $840M.

pCNkDh6gHIE5kwW9Q9D7XRkuSHO2 tC40L t7wwAAPdEsueo23nujaAoi0n6eosMQouu25z8Y91VLZdJ0juEt5SbJfqRJPp — XRP 1-day chart | Source: CMC

Other altcoins have, however, had volatile sessions with Cardano (ADA), recording a 1.9% 24-hour drop as the weekly drop stood at 5.5% within a day of trading. Dogecoin (DOGE) is showing resilience as the asset now trades at $0.06201 representing 0.39%, as the weekly gain stood at 1.9%.

Nabox (NABOX), currently on second most trending asset on CoinMarketCap, has seen a 2.3% increase within the same period to take its price to $0.000004888 as of press time as the circulating supply is 207.61B NABOX.

l41EO e uxVZdtAKIX8aTB1G2nEeQAbn lNQjOIjqsSyfsQ1Pm62wI — Nabox 1-day chart | source: CMC

Other notable gains in today’s session are from Shiba Inu (SHIB), which now sits on a 3.4% 24-hour as the weekly gains stand at 9.2%. Maker (MKR) has also shown tremendous growth in today’s market session as the asset sits on a 3.15% as the weekly gain now stands at 11%. Flare (FLR) is also sitting on a 1.2% gain within the same period as it now drops 12% weekly.

Tags:

ADA BTC DOGE ETH SHIB XRP

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AUTHOR

Kester Odero

Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.

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