Bitcoin

Litecoin

Dogecoin

Ethereum

TRON

Cardano

Solana

Doge CEO

Milady Meme Coin

Today’s <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">market</a> session has kicked off on a bullish signal with the global market cap recording an increase of 1.42% within a day of <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> to take the total cap to $1.14T. <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> the crypto king is now facing new resistance at $28K as the asset reclaimed the $27K level. Trading at $27.3K as of press time, BTC had seen an increase of 2% as it now recovers from a weekly drop of 2.9%. Bitcoin’s trading volume has also gone up by 27% as the total cap increased by 2%.Bitcoin’s volatility now seems to be slowly increasing as the Bollinger bands are now diverging away from each other indicating a volatile market approaching. The relative strength index is now moving high above its average line signaling a bullish trend on Bitcoin’s network. The MACD indicator is also moving high above its average line, signaling a bullish trend consolidating Bitcoin.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8c1ff8ed3938487ea8cfb53d17e1a447.png" />BTC 1-day chart | Sorce: <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 <a href="https://blockchainreporter.net/altcoins/" rel="noopener noreferrer nofollow">altcoin</a> king, has also started today’s session characterized by bull signals as the asset now sits on a 1.4% gain within a day of trading as of press time as it comes from a weekly drop of close to 2%. ETH’s trading volume has also gone up by 34% displaying the increased activity on the network.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/524ac7d6926447d4b1d1519ae98ff10b.png" />ETH 1-day chart | Source: <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">CoinMarketCap</a>Other altcoins are also doing relatively well with <a href="https://blockchainreporter.net/ripple-price/" rel="noopener noreferrer nofollow">Ripple (XRP)</a>, <a href="https://blockchainreporter.net/solana-price/" rel="noopener noreferrer nofollow">Solana (SOL)</a>, and TRON (TRX) recording mild increases of less than 1%. Dogecoin (DOGE) and Cardano (ADA) both also recorded increases of over 1% as the general altcoin market seems to be consolidating a bullish trend.Litecoin (LTC) is doing relatively well starting today with gains of over 7% as bulls now flock to the Litecoin network. LTC’s trading volume has also gone up by a notable over 100% as te market cap also rose by 7%.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/313c61c70e204524a3862b29c1fc9f14.png" />LTC 1-day chart | Source: <a href="https://coinmarketcap.com/currencies/litecoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>Meme coins continue to dominate with <a href="https://coinmarketcap.com/currencies/doge-ceo/" rel="noopener noreferrer nofollow">Doge CEO</a> dominating today’s session with gains of over 35% within a day of trading as it sits on a weekly gain of 214%. The meme coin’s trading volume has gone up by an astonishing 5525% within a day of trading as the total market cap also rose by 35%. Doge CEO comes in as the third trending asset on CoinMarketCap seconding Pepe which comes in first with an 8% drop.Milady Meme Coin (LADYS) is also on a bull run of over 50% within the same period as its weekly loss in valuation stood at 795.

Bitcoin (BTC) Re-claims $27K as Meme Coins Continue to Dominate

Bitcoin (BTC) Re-claims $27K as Meme Coins Continue to Dominate

Table of Contents

BlockchainReporter

Outros artigos publicados em 15 de mai. de 2023

The Best Arbitrum Bridge

Yachtify (YCHT) Outshines Enjin Coin (ENJ) in Recent Investor Hype

Xapo Bank provides cheaper crypto payments

BTC Transaction Fees Drop 90% After Spike Attributed to Ordinals

LOVESNOOPY’ Token Lists on MEXC Exchange

Cardano: Will Surge in Social Engagements Spur ADA’s Prices? Looking into…

Join our free newsletter for daily crypto updates!