The bulls have taken charge of the markets, with a noticeable increase in the global market cap. Currently standing at $2.5 trillion, the total cap has risen by 2.79% in the last 24 hours. Despite this positive trend, the trading volume has decreased by 12% to $82.89 billion during the same period.
Bitcoin Price Update:
Bitcoin (BTC) has shown gains in today’s trading session, although a closer look at the chart reveals a bearish trend as the price remains below the Ichimoku Cloud. The Relative Strength Index (RSI) hovers around 50, indicating a neutral momentum. The current price of Bitcoin is $69,181, reflecting a 2.7% increase from its previous 24-hour price.
Ethereum Price Update:
Ethereum (ETH) has also seen gains today amidst the overall market recovery. However, a detailed analysis shows that the price has dipped below the 20 SMA line, signaling a bearish outlook. The RSI levels are low at around 27, suggesting oversold conditions. Ethereum is currently priced at $3,579, marking a 2.68% increase from its previous 24-hour price.
Dogecoin Price Update:
Dogecoin (DOGE) experienced gains in today’s session, with price movements indicating a mixed trend. The RSI is close to 50, reflecting a neutral market sentiment. Dogecoin is consolidating with minimal price action, trading within narrow ranges. The current price of Dogecoin is $0.1477, showing a 7.6% jump from its previous 24-hour price.
Filecoin Price Update:
Filecoin (FIL) has also seen gains today, but a detailed analysis reveals a downtrend as the price trades below the Supertrend indicator. The RSI shows neutral conditions near 50. Filecoin is currently priced at $5.6, marking a 3.44% increase from its previous 24-hour price.
Internet Computer Price Update:
Internet Computer (ICP) has shown gains in today’s session, although a closer analysis indicates a bearish trend with downward pressure according to the pitchfork tool. The RSI is slightly below 50, suggesting a mild bearish momentum. Internet Computer is currently priced at $10.58, reflecting a 4.6% increase from its previous 24-hour price.