The market was quiet today, with bears dominating price movements. The global market cap was at $2.56T, a slight decrease of 0.15% over the past 24 hours. Trading volume saw an 8% increase to $77.5B.
Bitcoin Price Update
Bitcoin (BTC) had a strong session today, climbing back above $70K. Analysis shows that Bitcoin recently broke through the upper Bollinger Band, signaling a bullish momentum continuation.
However, the RSI is at 70.76, indicating overbought conditions. This could lead to a potential pullback as traders may look to take profits. At the time of writing, Bitcoin was priced at $70,936, a 2.3% increase from the previous 24 hours.
Ethereum Price Update
Ethereum (ETH) also saw gains today, with its price movement showing positive signs. The Super trend indicator suggests a strong bullish signal, while the Woodies CCI indicates strong positive momentum.
Although the high CCI warns of potential overbought conditions, the movement above the Cloud indicates a solid bullish phase. Ethereum was priced at $3,822, a 1.09% increase from the previous 24 hours.
Filecoin Price Update
Filecoin (FIL) was one of the top gainers today, with its price movement displaying a significant bullish spike. Breaking through the upper boundary of the Ichimoku Cloud signals a bullish trend reversal or solid upward momentum.
The rising ADX line indicates increasing trend strength. At the time of writing, Filecoin was priced at $2.29, a 32.3% increase from the previous 24 hours.
Internet Computer Price Update
Internet Computer (ICP) also participated in today’s session, with its price movements showing positive signs. The Alligator Indicator displays an uptrend, with prices above all three Alligator lines, indicating a bullish phase.
The Awesome Oscillator supporting bullish momentum. Internet Computer was priced at $12.26, a 1.8% increase from the previous 24 hours.
IOTA Price Update
IOTA (IOTA) was among the top gainers today, with its price movement showing an uptick within a descending pitchfork. The volume oscillator indicates increasing volume on up moves, suggesting buying interest.
However, proximity to the upper boundary of the pitchfork may lead to resistance and potential pullbacks. At the time of writing, IOTA was priced at $0.2295, a 5.8% increase from the previous 24 hours.