Today’s markets seem to have been dragged back into the volatile region amid yesterday’s bull market which saw several crypto assets rally. The global market cap has decreased by close to 1% showing mild bear action on the markets.
Bitcoin is relatively struggling also recording a decrease of close to 1% despite gaining over 8% within one week. The asset’s trading volume has also gone down by 15% as the asset continues to face resistance at the $31K level.
Ethereum was also seen to have entered into retraction after a recent rally attributed to its recent upgrade on the network that saw it bridge above $2.1K. The asset had seen a mild decrease of less than 0.5% within 24 hours as of press time.
Ethereum has however recorded a 12% increase for the week amid increased activity on the network.
How are altcoins doing?
Cardano has continued to post remarkable trends with the asset making a notable 2% increase within the same period as well as a 15% increase in weekly valuation. However, despite the gain, an 18% decrease in trading volume was recorded showing decreased activity on the altcoin’s network.
OKB has however displayed tremendous growth recording a 16% growth in 24 hours and a remarkable 29% for the week as the asset looks to cross over the $55 level. The asset’s trading volume has also recorded a remarkable 331% gain within the same period.
Arbitrum continues to dominate as CoinMarketCap’s top trending crypto asset as the coin registered an 8% gain within 24 hours taking the price to $1.67 as of press time. The asset’s trading volume has also recorded a notable 15% increase within the same period showing increased activity on the network.
The asset has also recorded a 39% increase for the week showing the market dominance that the token has displayed for the week. NEAR has also had a great week gaining 16% as well as a 4% increase for the day as of writing.
