Markets are on bear activity today, with the global market cap sitting 1.6% above its previous 24-hour mark, as the total cap stands at $1.25T as of press time. The fear and greed index is at 71, as greed now dominates. The global trading volume is 7% down in 24 hours, at $46.9B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity, as Bitcoin price stood at $34.2K as of press time after recording a daily increase of 1.18% and a weekly rise of 216%. As a result of the Bitcoin price, the token’s trade volume dropped by 22% during the same period and is presently at $18.6B.
The Bollinger bands are now diverging, showing high volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is above the average line in the overbought, showing bull dominance on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also started on bear activity as well, as Ethereum price stood at $1795 after recording a daily decrease of 1%, as the weekly rise now stands at 13%. ETH’s trade volume jumped by 12% during the same period and is presently at $10.6B.
The Bollinger bands diverge, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on Ethereum price.
NEAR Protocol price analysis
NEAR Protocol (NEAR) has started on bull activity as well, as NEAR price stood at $1.19 after recording a daily increase of 2.7%, as the weekly rise now stands at 18%. NEAR’s trade volume jumped by 42% during the same period and is presently at $105M.
The Bollinger bands diverge, showing high volatility levels on NEAR Price as the Relative Strength Index (RSI) moves above the average line in the overbought region, showing bull dominance on NEAR price.
BarnBridge price analysis
BarnBridge (BOND) has also started on bull activity, as BOND price stood at $4.065 after recording a daily increase of 1.24%, as the weekly rise now stands at 2.7%. BOND’s trade volume jumped by 207% during the same period and is presently at $97.5M.
The Bollinger bands are far apart, showing high volatility levels on BOND Price as the Relative Strength Index (RSI) moves below the average line, showing bear activity on BOND price despite the gain.
Loom Network price analysis
Loom Network (LOOM) has also started on bull activity, as LOOM price stood at $0.1117 after recording a daily increase of 1.6%, as the weekly drop now stands at 12%. LOOM’s trade volume jumped by 46% during the same period and is presently at $170M.
The Bollinger bands diverge, showing high volatility levels on LOOM price as the Relative Strength Index (RSI) moves below the average line, showing bear activity on LOOM despite the gain.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-near-bond-loom/