BTC and ETH struggle in today's market session with TRX recording promising figures. Hello, token rallies ahead of a new update on the network.
Tuesday’s market session begins on a bearish note with the global market cap taking a tumble, registering a 1.5% decrease within 24 hours to take it to $1.16T. BTC, the crypto king continues to face volatility as the asset dropped back to the $27K level after also registering a decrease of 1.6% in valuation within the same period.
Trading at $27.9K, the trading volume had recorded a 10% decrease as volatility remains rather stable with the Bollinger bands maintaining a small distance from each other. The MACD indicator however seems to indicate a bearish momentum as it now moves further away from the positive region.
BTC 1-day chart | Source: TradingView
Ethereum has also started slowly as the asset now moves at the $1.8K level while sitting on a 0.7% drop in valuation within 24 hours. Trading at $1829 at press time, ETH also recorded a decrease in trading volume of 14% as the market cap also saw a decline of close to 1%.
How are altcoins doing
Altcoins are also struggling in today’s bear market as the top altcoins, Ripple, Cardano, Polygon, Solana and LTC recorded mild losses of close to 2% within 24 hours of trading.
TRON however is displaying some bullish signals as the asset recorded some gains in today’s market. Trading at $0.068, TRX had recorded a mild increase of less than 1% within 24 hours as the weekly gain stood at 3%. The trading volume had also surged by a notable 34% within the same period as activity on the network rises.
TRX 1-day chart | Source: CoinMarketCap
Maker has also recorded a notable gain in today’s hard markets with a 3.3% within a day of trading as the asset sits on a weekly gain of 5%. Trading at $709, the asset had also recorded a 16% increase within 24 hours as the market cap also went up by 3% standing out among today’s top 100.
Hello stands out as today’s top gainer, recording a 17% increase within the same period as the weekly gain stood at 25% and an impressive 76% gain for the month. Hello’s trading volume has also gone up by more than 1305 within the same period as the market cap also recorded a 17% increase.
Hello 1-day chart | Source: CoinMarketCap
The surge can be attributed to a recent development on the network that caused an increase in activities on the network. The lab announced the hacken club will join the killer whales as a security partner which might have attracted more activity.