Today's market session has started slow with BTC and ETH facing more resistance while BNB and Teddy Doge dominate with notable gains.
Today’s market session has kicked off at a rather slow pace with the global market cap recording a decrease of 1.9% within 24 hours of trading, taking the cap to $1.18T as of press time. BTC, the number one crypto, has also started rather slowly as the asset now hovers in the $28K level. Trading at $28.4K, the asset had recorded a decrease of 2.5% within 24 hours of trading.
BTC’s trading volume has also recorded a notable 70% increase within the same period, as the market cap dropped by 2.5% within the same period. BTC’s volatility levels are also rather stable as the Bollinger bands maintain a close distance.
BTC 1-day chart | Source: TradingView
The RSI indicator, moving at 48 as of press time, was moving below its average line as bears look to push it to the oversold region.
Ethereum as well has started rather slowly, recording a 3% decrease within the same period, as the asset now faces resistance at the $1.9K level. The asset’s trading volume has also seen a 77% increase as of the time of writing, as bear activity actress ETH’s network rises.
Altcoin analysis
BNB is dominating today’s market as the asset sits on a 24-hour gain in price valuation of over 3% as the asset traded at $332. BNB’s trading volume has also gone up by over 100% as activity on the BNB chain increases. BNB’s market cap also recorded a 3% increase within the same period.
BNB 1-day chart | Source: CoinMarketCap
Other altcoins are having a rather volatile market with Ripple, Polygon, Cardano, and Solana all recording losses as of today’s market session.
Casper is dominating today’s session as the asset boasts a 5% gain within 24 hours as it sits on a weekly gain of 21% as the asset trades at $0.063. CSPR’s trading volume has also seen a 40% increase within 24 hours as Casper bagged today’s top 100 top gainers.
Casper 1-day chart | Source: CoinMarketCap
Teddy doge continues to dominate for a second market day as the meme coin recorded a 9% increase within 24 hours as well as a weekly gain of 13%. Teddy doge’s trading volume has also seen an increase of over 30% as bulls dominate the meme coin’s network.