Today\'s Market Session Sees Bulls on the Front Foot, as Evidenced by the Increase in the Global Market Cap

Bitcoin (BTC) failed to post gains in today's session, as seen from its price movements. Looking at an in-depth analysis, we see that it is

The global cryptocurrency market cap increased slightly on Friday evening, showing a 0.4% gain over the last 24 hours to stand at $2.35 trillion. On the other hand, the trading volume dropped significantly within the same period of time, showing a 49% decrease to stand at $32.44 billion.

Bitcoin failed to post gains in today’s session, as seen from its price movements. An in-depth analysis shows that the BTC price is currently trading at 62,199.5, below the lower Bollinger Band, indicating a strong bearish trend.

On the other hand, the Awesome Oscillator (AO) is -1,016.1, showing strong bearish momentum with multiple red bars. As of press time, Bitcoin traded at $62,431, representing a 2.9% decrease over the last 24 hours.

Ethereum also faces corrections in today’s session, as seen from its price movements. An in-depth analysis shows that the ETH price, currently trading at 3,367.7, is below the lower Bollinger Band, indicating a bearish trend.

On the other hand, the Awesome Oscillator (AO) is at -65.5, showing strong bearish momentum with red bars. Ethereum was trading at $3,377 as of press time, representing a 3.7% decrease over the last 24 hours.

Dogwifhat (WIF) also failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Dogwifhat price is currently at 1.5338, below the Supertrend indicator, indicating a bearish trend.

On the other hand, the Money Flow Index (MFI) is at 29.79, indicating that the asset is approaching oversold territory. Dogwifhat was trading at $1.56 as of press time, representing a 13.5% decrease over the last 24 hours.

Brett is also recording losses in today’s session, as evidenced by its price movements. An in-depth analysis shows that Brett is currently trading at 0.13055, below the Ichimoku Cloud, indicating a bearish trend.

On the other hand, looking at other indicators, we see the Woodies CCI: -191.49334, showing strong bearish momentum. Brett was trading at $0.131 as of press time, representing a 12.04% decrease over the last 24 hours.

Toncoin (TON) is also another gainer in today’s session. An in-depth analysis shows that the Relative Strength Index (RSI) is at 44.44, indicating the asset is in the neutral zone. On the other hand, we see that the Toncoin is in a neutral to slightly bearish trend, trading near the lower end of the Ichimoku Cloud.

The RSI is neutral, suggesting neither overbought nor oversold conditions, indicating potential for either direction. As of press time, Toncoin was trading at $7.24, representing a 4.9% decrease over the last 24 hours.

News source：https://www.kdj.com/cryptocurrencies-news/articles/market-session-bulls-front-foot-evidenced-increase-global-market-cap.html

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