Bitcoin

Ethereum

Solana

<p>Markets are riding on bull activity today, with the global market cap sitting 0.33% above its previous 24-hour mark, as the total cap still stands at $1.05T as of press time. The fear and greed index is still at 40 as markets maintain neutrality. The global trading volume is still 46% down in 24 hours, at $13.64B as of press time.</p><h2 id="header-0">Bitcoin price analysis</h2><p>Bitcoin (BTC) has started on bull activity today, as <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin price</a> stood at $27.8K as of press time after recording a daily increase of 3.5% and a weekly drop of 0.3%. As a result of the Bitcoin price, the token’s trade volume dropped by 136% during the same period and is presently at $11.6B.</p><p>The Bollinger bands are now moving closely, showing low volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is moving above the average line, showing bull activity on Bitcoin price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/93421640b8624c69ade7782859054808.png" />BTC 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-1">Ethereum price analysis</h2><p>Ethereum (ETH) is also riding on slight bull activity, as <a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum price</a> stood at $1579 after recording a daily increase of 1.66%, as the weekly drop now stands at 2.9%. ETH’s trade volume jumped by 85% during the same period and is presently at $4.1B.</p><p>The Bollinger bands are now diverging, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on Ethereum price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/389b696e88994c429a19d8b8676b6439.png" />ETH 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-2">BNB price analysis</h2><p>BNB (BNB) is also riding on bull activity, as BNB price stood at $212.8 after recording a daily increase of 2.6%, and the weekly rise now stands at 0.5%. BNB’s trade volume jumped by 82% during the same period and is presently at $404.9B.</p><p>The Bollinger bands are close to each other, showing low volatility levels on BNB Price as the Relative Strength Index (RSI) moves above the average line, showing bull effects on BNB price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1db7157cbd3f45a7959f24a75462208e.png" />BNB 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-3">Ripple price analysis</h2><p>Ripple (XRP) is also riding on some bull activity, as <a href="https://blockchainreporter.net/ripple-price/" rel="noopener noreferrer nofollow">Ripple price</a> stood at $0.4926 after recording a daily increase of 1.27%, as the weekly drop now stands at 4.3%. XRP’s trade volume jumped by 37% during the same period and is presently at $596.6M.</p><p>The Bollinger bands are now slightly diverging, showing rising volatility levels on BNB Price as the Relative Strength Index (RSI) approaches a shift above the average line, showing bull action on Ripple price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/f575648eebcb4c799a4e18cfd79025c1.png" />XRP 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p><h2 id="header-4">Solana price analysis</h2><p>Solana (SOL) is also riding on bull activity, as <a href="https://blockchainreporter.net/solana-price/" rel="noopener noreferrer nofollow">Solana price</a> stood at $22.5 after recording a daily increase of 2.8%, as the weekly drop now stands at 2.67%. SOL’s trade volume jumped by 2% during the same period and is presently at $236.7M.</p><p>The Bollinger bands are now converging, showing dropping volatility levels on Solana Price as the Relative Strength Index (RSI) approaches a shift above the average line, showing bull action on Solana price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ebd6e70e38154eef87b9d73b34c9f1ed.png" />SOL 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a></p>

Daily Analysis: BTC, ETH, BNB, XRP, SOL

Table of Contents

BlockchainReporter

Other articles published on Oct 16, 2023

Did SBF and Caroline Ellison Successfully Suppress Bitcoin’s Price?

Investors Favor Market-Based Security Over Legal Protections for Cryptocurrencies

MetaMask Temporarily Removed from Apple’s App Store

Fake “Bitcoin Spot ETF Approved” Source Allegedly Opened a Long Position Before the News

FTX bankruptcy estate’s $150M staking move amid SBF’s trial

FTX Founder SBF Unable to Focus on Trial: Lawyers

Join our free newsletter for daily crypto updates!