blockchainreporter.net
Markets are still riding on bear activity today, with the global market cap sitting 0.16% below its previous 24-hour mark, as the total cap still stands at $1.08T as of press time. The fear and greed index has dropped back to 44, as greed fazes out of the market.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity today, as Bitcoin price stood at $27.3K as of press time after recording a daily decrease of 0.87% and a weekly rise of 4.3%. As a result of the Bitcoin price, the token’s trade volume dropped by 37% during the same period and is presently at $11.4B.
The Bollinger bands are now maintaining a close, showing stable volatility levels on Bitcoin Price as the Relative Strength Index (RSI) still moves above the average line showing bull effect on Bitcoin price despite the dip.
Ethereum price analysis
Ethereum (ETH) is also riding on bear activity, as Ethereum price stood at $1640 after recording a daily decrease of 1.7%, as the weekly rise now stands at 2.9%. ETH’s trade volume dropped by 31% during the same period and is presently at $5.2B.
The Bollinger bands are now diverging, showing rising volatility levels on Ethereum Price. The Relative Strength Index (RSI) is still above the average line, showing some bull effects on Ethereum price despite today’s price drop.
Gala price analysis
Gala (GALA) is however riding on bull activity, as Gala price stood at $0.01592 after recording a daily increase of 1.82%, as the weekly rise now stands at 19%. GALA’s trade volume jumped by 87% during the same period and is presently at $134M.
The Bollinger bands are now slightly diverging, showing rising volatility levels on Gala Price. The Relative Strength Index (RSI) is still above the average line, showing bull effects on Gala price.
FTX Token price analysis
FTX Token (FTT) is also riding on bull activity, as FTT price stood at $1.22 after recording a daily increase of 4.8%, as the weekly rise now stands at 8%. FTT’s trade volume jumped by 115% during the same period and is presently at $30.1M.
The Bollinger bands have now converged, showing low volatility levels on FTT Price. The Relative Strength Index (RSI) is now above the average line, showing bull effects on FTT price.
Verasity price analysis
Verasity (VRA) is also riding on bull activity, as Verasity price stood at $0.006296 after recording a daily increase of 9.6%, as the weekly rise now stands at 67%. VRA’s trade volume dropped by 17% during the same period and is presently at $42.9M.
The Bollinger bands have now diverged, showing high volatility levels on VRA Price. The Relative Strength Index (RSI) is now above the average line in the overbought region, showing bull effects on Verasity price.
