Markets have started slowly, with the global market cap recording a 0.4% decrease in a day to take the total cap to $1.2T as of press time. The fear and greed index is also currently at 55, dropping from yesterday’s 57, a neutral position, according to CoinMarketCap.
Bitcoin analysis
Bitcoin (BTC) has kicked off with some bull activity, as it now hovers around the $30K level and is now trading at $30.04K after recording a daily gain of 0.24% and a weekly decrease of 2.1%. Bitcoin trade volume dropped by 1.66% during the same period and is presently at $13.5B.
The Bollinger bands are still moving close to each other, indicating that the volatility of Bitcoin is decreasing. The Relative Strength Index (RSI) is below its average level, showing the effort by bears for market dominance.
Ethereum analysis
Ethereum (ETH) has also started the week slow, as the asset now sits on gains of 0.67% within a day of trading to take it to $1911 as the trading volume dropped by 11% to take it to $5.9B as of press time. ETH’s volatility levels are also slowly decreasing as the Bollinger bands converge toward each other.
The RSI indicator, however, is moving below its average line, indicating a likely bearish trend on Ethereum as the asset’s bears push for market dominance. The MACD indicator also moves below in the negative region, showing the effort by bears to dominate markets as well.
Ripple analysis
Ripple (XRP) is again having a tremendous session today, as the asset boasts a 6.2% gain for the week. Ripple, now trading at $0.786, has a current market cap of $41,297,365,651 as the trading volume stood at $3.3B.
However, Ripple’s volatility levels are increasing as the Bollinger bands diverge from each other, indicating increasing volatility in Ripple. The RSI is above its average line in the overbought region, indicating increasing volatility.
Other analysis
Rollbit coin also has had a tremendous session today as the asset sits on gains of 5.9% within 24 hours to take its price to $0.1209 as the trading volume stood at 17.48 as of press time. RLB currently ranks at #2616 on CoinMarketCap as bulls control the asset.
Arkham (ARKM) has been making trends amidst its new network developments. The asset now faces corrections in today’s session as it lost 4.18% in valuation within 24 hours to take its price to $0.7164 as GenieBot (GENIE) rallies 37% in a day to now trade at $0.04802. 3d3d (3D3D)), is also trending today after recording massive losses of 67% within a day’s trade.
Credit: Source link
