BNB Surges with Impressive Gains, While BTC and ETH Encounter Challenges

Today’s Crypto Market Recap: Slow Start, Volatile Altcoins, and Dominating BNB, Casper, and Teddy Doge

Today’s crypto market session started at a rather slow pace, with the global market cap decreasing by 1.9% within 24 hours of trading, bringing the cap to $1.18T as of press time. Bitcoin (BTC), the number one crypto, also started slowly, hovering at the $28K level and recording a 2.5% decrease within 24 hours of trading. BTC’s trading volume also increased by 70% within the same period, as the market cap dropped by 2.5% in the same timeframe. Despite this, BTC’s volatility levels are relatively stable, with the Bollinger bands maintaining a close distance.

BTC’s Market Performance

  • BTC is trading at $28.4K.
  • RSI indicator is moving at 48 as of press time and is moving below its average line as bears look to push it to the oversold region.
BTC 1-day chart

Ethereum (ETH) has also started rather slowly, recording a 3% decrease within the same period, as the asset now faces resistance at the $1.9K level. The asset’s trading volume has seen a 77% increase as of the time of writing, as bear activity on ETH’s network rises.

Altcoin Analysis

BNB dominates today’s market as the asset sits on a 24-hour gain in price valuation of over 3%, trading at $332. BNB’s trading volume has also gone up by over 100% as activity on the BNB chain increases, with BNB’s market cap recording a 3% increase within the same period.

BNB 1-day chart

Other altcoins are experiencing a rather volatile market with Ripple, Polygon, Cardano, and Solana all recording losses as of today’s market session. However, Casper is dominating today’s session as the asset boasts a 5% gain within 24 hours, sitting on a weekly gain of 21%, and trading at $0.063. CSPR’s trading volume has also seen a 40% increase within 24 hours as Casper bags today’s top 100 top gainers.

Casper 1-day chart

Teddy doge continues to dominate for a second market day as the meme coin recorded a 9% increase within 24 hours, with a weekly gain of 13%. Teddy doge’s trading volume has also seen an increase of over 30% as bulls dominate the meme coin’s network.

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