Markets are still riding on bull activity today amid fake news of Blackrock’s ETF proposal getting approval, with the global market cap sitting 1.15% above its previous 24-hour mark, as the total cap still stands at $1.08T as of press time. The fear and greed index is still at 41 as markets maintain neutrality. The global trading volume is 249% up in 24 hours, at $54.6B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bull activity today, as Bitcoin price stood at $28.1K as of press time after recording a daily increase of 1% and a weekly rise of 1.93%. As a result of the Bitcoin price, the token’s trade volume jumped by 125% during the same period and is presently at $25.8B.
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.
Ethereum price analysis
Ethereum (ETH) is also riding on slight bull activity, as Ethereum price stood at $1584 after recording a daily increase of 0.37%, as the weekly drop now stands at 0.2%. ETH’s trade volume jumped by 84% during the same period and is presently at $8.1B.
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.
Ripple price analysis
Ripple (XRP) is, however, riding on some bear activity after yesterday’s bull run. Ripple price stood at $0.4897 after recording a daily decrease of 0.3%, as the weekly drop now stands at 1.8%. XRP’s trade volume jumped by 71% during the same period and is presently at $1.01B.
The Bollinger bands are now slightly diverging, showing rising volatility levels on XRP Price as the Relative Strength Index (RSI) moves below the average line, showing bear action on Ripple price.
Bitcoin Cash price analysis
Bitcoin Cash (BCH) is riding on a slight bull as BCH price stood at $226.7 after recording a daily increase of 0.67%, as the weekly rise now stands at 3.37%. BCH’s trade volume jumped by 168% during the same period and is presently at $374.5M.
The Bollinger bands are moving closely, showing low volatility levels on BCH Price as the Relative Strength Index (RSI) moves above the average line, showing bull action on BCH price.
Bitcoin SV analysis
Bitcoin SV (BSV) is also riding on some bull activity after yesterday’s bull run. Bitcoin SV price stood at $37.9 after recording a daily increase of 1.8%, as the weekly rise now stands at 11.5%. BSV’s trade volume jumped by 216% during the same period and is presently at $218M.
The Bollinger bands are now diverging, showing rising volatility levels on BSV Price as the Relative Strength Index (RSI) moves below the average line, showing bull action on BSV price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-xrp-bch-bsv/