Bitcoin Reclaims $30k as Markets Rallly Hard

2023-06-22 07:08:38

Today’s market session continues what seems like bull domination as the global market cap records a leap of 3.8% increase within a day of trading to take the total cap to $1.18T as of press time. Bitcoin (BTC) started today’s session rather well as the asset now trades above the $30K mark.

Trading at $30.1K, Bitcoin has seen a 4% gain within 24 hours of trading, as the weekly gain now stands at an impressive 20%. BTC’s trading volume has also seen a 20% increase within the same period as activity on the network increases

Bitcoin’s volatility levels are continuing to rise as the Bollinger bands now drift further away from each other, indicating rising volatility. The RSI is also overbought, high above the average line, as bulls grip Bitcoin’s markets. The MACD indicator is also above the positive as bull domination continues. BTC is currently leading as the top trending asset.

BTC 1-day chart | Source: TradingviewAltcoin analysis

Ethereum (ETH) is also doing well as the asset’s bulls now aim for the $2K mark. Currently trading at $1906, ETH has seen a 16% increase in valuation over the week as the 1-day gain stands at 4.9%. ETH’s trading volume has also seen a 36% increase within the same period taking the total volume to $12B.

ETH 1-day chart | Source: CMCBNB is, however, struggling in today’s session as the altcoin records a mild drop of 0.1% to take its price to $251. Ripple (XRP) is sitting on notable gains as well as the asset now boasts a 2.5% 24-hour gain to take its price to $0.5106 as of press time. Cardano (ADA) also sits on a 5.5% gain for the day as the asset trades at $0.29.

Solana (SOL), Dogecoin (DOGE), Polygon (MATIC), and Litecoin (LTC) have also seen notable gains of 2.6%, 5.4%, 5%, and 3%, respectively, within the same period. Pepe, currently in second trending after Bitcoin, is today’s top gainer as the asset boasts a 36% gain within 24 hours of trading, and its trading volume now stands at 663.19M.

PEPE 1-day chart | Source: CMCOther notable gainers today are Stacks (STX) which has seen a 12% gain in 24 hours as its weekly gain now stands at 74% as the asset trades at $0.8352. However, STX’s trading volume has seen a 1.6% drop within the same period to take it to $326M, as the market cap also saw a 12% increase.

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