Markets are riding on bull activity today as both BTC and ETH posted gains with the FTX token emerging as today's top gainer.
Markets are on bull activity today, with the global market cap sitting 3.5% above its previous 24-hour mark, as the total cap stands at $1.38T as of press time. The fear and greed index is at 74, as greed still dominates. The global trading volume is 10% up in 24 hours, at $51.8B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on minor bull activity, as Bitcoin price stood at $36.6K as of press time after recording a daily increase of 3.9% and a weekly rise of 4.3%. As a result of the Bitcoin price, the token’s trade volume jumped by 27% during the same period and is presently at $23.7B.
The Bollinger bands are wide apart, showing high volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on Bitcoin price.
BTC 1-day chart | Source: TradingView
Ethereum price analysis
Ethereum (ETH) has started on bull activity, as Ethereum price stood at $1915 after recording a daily increase of 1.9%, as the weekly rise now stands at 4.8%. ETH’s trade volume jumped by 14% during the same period and is presently at $9.5B.
The Bollinger bands are far apart, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on Ethereum price.
ETH 1-day chart | Source: TradingView
Chainlink price analysis
Chainlink (LINK) has started on bull activity, as Chainlink price stood at $14.4 after recording a daily increase of 7%, as the weekly rise now stands at 30%. LINK’s trade volume jumped by 27% during the same period and is presently at $1B.
The Bollinger bands are diverging, showing high volatility levels on Chainlink Price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on Chainlink price.
LINK 1-day chart | Source: TradingView
Illuvium price analysis
Illuvium (ILV) has started on bull activity, as Illuvium price stood at $78.9 after recording a daily increase of 22%, as the weekly rise now stands at 56%. ILV’s trade volume jumped by 465% during the same period and is presently at $94M.
The Bollinger bands are diverging, showing high volatility levels on Illuvium Price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on Illuvium price.
ILV 1-day chart | Source: TradingView
FTX Token price analysis
FTX Token (FTT) has started on massive bull activity, as FTT price stood at $2.2 after recording a daily increase of 83%, as the weekly rise now stands at 78%. FTT’s trade volume jumped by 903% during the same period and is presently at $221M.
The Bollinger bands are diverging, showing high volatility levels on FTT Price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull dominance on FTT price.
FTT 1-day chart | Source: TradingView