Markets are still riding on bear activity today, with the global market cap sitting 0.21% below its previous 24-hour mark, as the total cap still stands at $1.07T as of press time. The fear and greed index is at 43, as a neutrality state continues on the markets.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity again, as Bitcoin price stood at $27.1K as of press time after recording a daily decrease of 1.9% and a weekly drop of 0.99%. As a result of the Bitcoin price, the token’s trade volume dropped by 4.8% during the same period and is presently at $11.5B.
The Bollinger bands are now slightly diverging, showing rising volatility levels on Bitcoin Price as the Relative Strength Index (RSI) moves below the average line showing bear effect on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) is also riding on bear activity, as Ethereum price stood at $1555 after recording a daily decrease of 2.12%, as the weekly drop now stands at 5.1%. ETH’s trade volume dropped by 22% during the same period and is presently at $5.6B.
The Bollinger bands are diverging, showing increasing volatility levels on Ethereum Price. The Relative Strength Index (RSI) is also below the average line, showing bear dominance on Ethereum price.
Tezos price analysis
Tezos (XTZ) is riding on massive bear activity, as Tezos price stood at $0.668 after recording a daily decrease of 8.6%, as the weekly rise now stands at 0.43%. XTZ’s trade volume dropped by 37% during the same period and is presently at $59.7M.
The Bollinger bands are moving close to each other, showing low volatility levels on Tezos Price. The Relative Strength Index (RSI) has shifted below the average line, showing bear dominance on Tezos price.
Flow price analysis
Flow (FLOW) is also riding on bear activity, as Flow price stood at $0.4167 after recording a daily decrease of 1.3%, as the weekly drop now stands at 3.4%. FLOW’s trade volume jumped by 18% during the same period and is presently at $28.7M.
The Bollinger bands are moving close to each other, showing low volatility levels on Flow Price as the Relative Strength Index (RSI) also moved below the average line, showing bear domination on Flow price.
BNB price analysis
BNB (BNB) is also riding on massive bear activity, as BNB price stood at $206 after recording a daily decrease of 0.7%, as the weekly drop now stands at 2.7%. BNB’s trade volume jumped by 3% during the same period and is presently at $459.4M.
The Bollinger bands are moving close to each other, showing low volatility levels on BNB Price. The Relative Strength Index (RSI) is also moving below the average line, showing bear dominance on BNB price.
Source: https://blockchainreporter.net/daily-analysis-btc-eth-xtz-flow-bnb/