blockchainreporter.net
Markets are still doing relatively well as the global market cap records a 0.7% gain within 24 hours of trading, taking the total cap to $1.22T. Bitcoin (BTC) is on for a good session as the asset now sits on a 1.1% gain within 24 hours of trading, taking the asset’s price to $31K.
However, BTC’s volatility levels are still high as the Bollinger bands maintain a high distance, indicating high volatility. The relative strength indicator also moves below the average line as bears push for market dominance. The MACD indicator is also positive as bulls push for market dominance.
Altcoin analysis
Ethereum’s price is also maintaining a bullish trend as the asset now sits on a 0.2% gain within 24 hours of trading, taking the asset’s price to $1954. Ethereum’s trading volume has also increased by 8.8% as activity on the network increases.
BNB has lost 0.7% within the same period as the asset’s weekly gain now stands at 3% as BNB trades at $245. Ripple (XRP) has also increased by 3% within the same period to take its price to $0.48. However, Cardano (ADA) has also seen a 1.3% gain within the same period as Solana (SOL), which now sits on a 0.8% loss within the same period and trades at $19.20.
Compound (COMP) has also had notable gains as the asset now boasts an 0.03% gain within a day of trading to take its price to $64.3. COMP has a current market cap of 498.27M, as the trading volume now stands at 176.72 M.
Polygon is also making tremendous gains as it now sits at a 3.4% gain within the same period, taking its price to $0.707 as the weekly gain now stands at 7.9%. Litecoin (LTC) also saw a 3.9% drop as the asset now stands at $77. Polkadot (DOT) has also seen a 0.18% increase as the asset now trades at $5.48, as the weekly gain also stands at 8%.
Sui has also seen a 2.6% gain, standing among today’s top gainers, as the asset now trades at 0.71$ ahead of a 2% weekly drop. Pepe has also stood firm as the asset now sits on a 6% gain within 24 hours of trading.