BTC and ETH record significant gains as they recover from the recent correction as RNDR and EGLD dominate with impressive gains.
Today’s crypto markets are portraying bull flags with the global market cup recording a 1.5% increase within 24 hours to take the cap count to $1.20T as of press time. BTC, now a glance away from reclaiming the $30K mark, had recorded a 2.7% increase within the same period, as the asset’s weekly gain recovers with a 1% increase.
The asset’s trading volume recorded an increase of over 85% within the same period as the asset’s volatility moves in a steady manner with the bollinger bands maintaining a close distance.
BTC 1-day chart | source: TradingView
The relative strength index has also crossed above its moving average, portraying the amount of bull activity happening on BTC’s network.
Ethereum has also consolidated a bull run as the asset gained 2.55 in price valuation within the same period. ETH has reclaimed the $1.9k mark as the asset pushes to go back above the $2K mark.
Altcoin analysis
As BTC and ETH look to dominate back the crypto markets, altcoins are also on for a good market day with some of the renowned ones recording significant raises within the same period. With Ripple recording a 0.9% decrease within 24 hours, Cardano is dominating today’s altcoin market, recording an increase of 3.4% within the same period as off-press time.
ADA is coming back from a weekly drop of 1.8%, as the altcoin recovers from what has been a bear market for the last few days. The asset’s trading volume had also recorded a 94% increase within the same period, as the asset traded at $0.41.
ADA 1-day chart | Source: CoinMarketCap
Solana, DOT, and LTC all recorded mild losses within the same period as MATIC boasts a 1% gain as it recovers from the recent corrections witnessed in the market that saw its price drop by 7% in valuation within one week according to CoinMarketCap data.
The Render Token continued to dominate for a second consecutive day as it recorded a 14% within the same period it also sits on a weekly gain of 19.5%. Render token’s trading volume had also recorded an increase of 110% within 24 hours of trading, as the asset traded at $2.36 as of press time. RNDR is now ranked 7th on the trending list.
RNDR 1-day chart | Source: CoinMarketCap
MultiversX (EGLD) was today’s top 100 as the asset boasts a 22% increase within 24 hours, with its trading volume recording a 6705 increase within the same period. EGLD now ranks as the second most trending coin on CoinMarketCap behind Arbitrum, which leads the pack with a 4.3% gain within 24 hours as it recovers from its 25% weekly loss.