Today's market session has started on a good note with the global market cap rising over 1%. BTC and Chainlink both recorded mild increases.
Today’s crypto market session seems a rather good one for the bulls, with the market cap recording an increase of over 1% within 24 hours as of press time. The global market cap now stands at $1.27T.
The number one crypto is also looking to consolidate a bull run recording an increase of 2.5% within 24 hours, taking the asset back above the 3K level as bulls look to drive the digital gold back to its 31K AT for the year.
Bitcoin’s trading volume has grown by 14% as the asset’s volatility goes down as shown by 1-day’s TradingView chart’s Bollinger bands that are now moving closer together showing reduced volatility.
BTC/USD 1-day chart | Sorce: TradingView
Ethereum however is having a slow market session despite the rise in the global market cap as the asset’s price stagnates at the $2K level, recording a mild decrease of less than 0.5% within 24 hours, as the asset’s weekly gain still stands at 11%.
Altcoin analysis
Chainlink is among today’s top-gaining altcoins recording an increase in valuation of close to 4% within 24 hours, and an impressive 19% weekly gain. The asset, trading at $8.5 as of press time, had recorded a 29% increase in trading volume as of writing.
Chainlink 1-day chart | Source: CoinMarketCap
The ICP token stands out among today’s CoinMarketCap top 100 top gainers, recording an increase of 8.5% for the day as well as a 32% increase for the week, as the trading volume surged by 92% showing increased activity on the Internet Computer network. The asset trading at $8.5 had also seen an 8% gain within 24 hours.
This comes ahead of a busy week at Internet Computer, activities which might have drawn attention to their native ICP token.
Today’s top trending
ARB continues to top CoinMarketCap’s trending list despite recording a decrease of close to 7% within 24 hours. However, the asset’s weekly gain still stood at 41%, representing the massive gains experienced in the last 7 days.
Coming in at 5th, the CTSI token strands out as today’s top gainer, recording an increase of over 20% within 24 hours as well as a 1005 increase for the week, displaying tremendous action on the token’s network.
CTSI 1-day chart | Source: CoinMarketCap
The asset’s trading volume also recorded a 267% increase within the same period.