BTC and ETH have kicked off the day slowly recording minor decreases for the day as BNB and SOL recover. AVAX dominates today with a 6% gain.
Today’s market session has started on a rather low note with the global market cap registering a decrease of less than 1% for the past 24 hours ahead of what has been a slow weekend. BTC, the crypto king, has seen a decrease of 1.5%, backtracking into the $29K level as the asset seems to be entering a correction zone.
BTC 24-hour charts: Source | CoinMarketCap
However, the asset’s trading volume has surged by 28% in the last twenty-four hours, which may be the outcome of selloffs that are contributing to today’s downturn.
As the asset encounters resistance near the $2.1K mark, Ethereum is also seeing a reasonably quiet day, with its price falling by less than 1% in the last 24 hours. This comes after the asset established a new ATH for the year during its current post-Shanghai rally, which has seen the asset gain a rise of over 12% for the week. This comes after the asset set a new ATH for the year.
Altcoin analysis
BNB looks to be in for a bullish day beginning today’s market session with a 3% rise throughout the next twenty-four hours as it boasts a weekly gain of 10%, and as of right now, the asset trades for $3.2. Additionally, the trading volume of the asset has grown by 47% in the last twenty-four hours, indicating greater activity in the network associated with the asset.
BNB 24-hour charts | Source: CoinMarketCap
Solana also seems to be recovering well registering a 3.5% gain in 24 hours. Avalanche also recorded a 6% increase in 24 hours as the asset also recorded a 175 increase for the week.
Today’s top trending coin, Injective (INJ), has posted significant results for the day as well as gaining a 6.8% increase in price valuation at press time. The asset has also seen a 63% gain for the week as the asset also recorded an impressive 91% increase for the month ahead of its recent network upgrades.