Bitcoin

Ethereum

Cardano

Polygon

Solana

Render

Mask Network

Pepe

Today’s <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">market</a> session kicked off characterized by bearish signals, as the global market cap fell by 1.18% within a day of trading to take it to 1.12T. <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>, the crypto king is facing much resistance at the $27K level. Trading at $26.8K, bitcoin was sitting on a 1.3% drop in price valuation within a day of trading, as the weekly valuation increase stands at 2% as of press time. Bitcoin’s trading volume has also seen a 0.4% drop within the same period, as the market cap dropped by 1.3% within the same period.Bitcoin’s volatility levels are also at a steady level as the Bollinger bands now move closer to each other. The relative strength indicator is also moving below its average line, signaling a likely bearish trend on BTC. The MACD indicator is also currently on the negative side, signaling a likely bearish trend.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2a141e39bbd543f8a3c2fafaeecf743c.png" />BTC 1-day chart | Source: <a href="https://www.tradingview.com/chart/zhJr3zVm/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a><h2 id="header-0">Altcoin analysis</h2><a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, the altcoin king, is also facing much turbulence as the asset recorded a drop of close to 1% in valuation within 24 hours of <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a>. Trading at $1806, ETH was standing on a weekly gain of 3.1% as the trading volume dropped by 9.6% within the same period.<a href="https://blockchainreporter.net/ripple-price/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> is however dominating today’s session despite the bearish trend as the asset boasts a 3.7% gain within a day of trading. Trading at $0.4654, XRP is currently on a weekly gain in valuation of 7.8%. The asset’s trading volume has also surged by 30% within the same period as the market cap also gained 3.6% within the same period.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/9f644faeed044a1b8d175f6f88d6fb0a.png" />XRP 1-day chart | Source: <a href="https://coinmarketcap.com/currencies/ripple/" rel="noopener noreferrer nofollow">CMC</a>Other altcoins are rather on a rough session today as BNB, Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), and <a href="https://blockchainreporter.net/solana-price/" rel="noopener noreferrer nofollow">Solana (SOL)</a> all made losses in the valuation of close to 2% within a day of trading.Render Token (RNDR) continues to dominate as the asset registers a 5% gain within a day of trading as its weekly gain stands at 42%. RNDR’s trading volume has also surged by 18% within the same period as the market cap also gained 5% as of press time.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c85333405a4249f1b84a524021a4a494.png" />RNDR 1-day chart | Source: <a href="https://coinmarketcap.com/currencies/render-token/" rel="noopener noreferrer nofollow">CMC</a>Mask Network (MASK), is another notable gainer in today’s session as the asset boasts a 9% increase in valuation within a day of trading as the weekly gain stands at 32%. MASK’s trading volume has also surged by 66% within the same period according to CoinMarketCap data.Today’s trending coin also seems to be on a rough session with PEPE, SUI, and KEK (KEKE), CoinMarketCap’s top trending coins, all register losses in price valuation within a day of trading.

Bitcoin Drops Back to $26K, Render Token Dominates Again

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