Daily Analysis: BTC, ETH, BNB, RUNE, BLUR
Markets are on bear activity today, with the global market cap sitting 1.41% below its previous 24-hour mark, as the total cap stands at $1.42T as of press time. The fear and greed index is at 74, as greed still dominates. The global trading volume is 3.9% up in 24 hours, at $39.9B as of press time.
Bitcoin price analysis
Bitcoin (BTC) has started on bear activity, as Bitcoin price stood at $36.5K as of press time after recording a daily increase of 2.2% and a weekly rise of 2.6%. As a result of the Bitcoin price, the token’s trade volume jumped by 33% during the same period and is presently at $27.7B.
The Bollinger bands are close, showing low volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing bear activity on Bitcoin price.
Ethereum price analysis
Ethereum (ETH) has also started on bear activity, as Ethereum price stood at $1996 after recording a daily decrease of 0.94%, and the weekly rise now stands at 0.81%. ETH’s trade volume jumped by 13% during the same period, presently at $14.6M.
The Bollinger bands are far apart, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) is below the average line, showing bear activity on Ethereum price.
BNB price analysis
BNB (BNB) has also started on bear activity amid news of CZ’s resignation as CEO at Binance. The BNB price stood at $235.8 after recording a daily decrease of 9%, as the weekly rise stood at 4.4%. BNB’s trade volume jumped by 60% during the same period, presently at $2.5M.
The Bollinger bands are far apart, showing high volatility levels on BNB Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on BNB price.
THORChain price analysis
THORChain (RUNE) has started on bull activity, as RUNE price stood at $5.6 after recording a daily decrease of 6.8%, and the weekly rise now stands at 1.9%. RUNE’s trade volume jumped by 83% during the same period, presently at $570M.
The Bollinger bands are far apart, showing high volatility levels on RUNE Price as the Relative Strength Index (RSI) is below the average line, showing bear activity on RUNE price despite the price jump.
Blur price analysis
Blur (BLUR has started on bull activity, as Blur price stood at $0.415 after recording a daily increase of 15%, and the weekly rise now stands at 18%. BLUR’s trade volume jumped by 66% during the same period, presently at $430M.
The Bollinger bands are far apart, showing high volatility levels on BLUR Price as the Relative Strength Index (RSI) is above the average line, showing bull activity on BLUR price.