Bullish Trend in the Crypto Market
Today’s market session has been nothing short of exciting, with various cryptocurrencies showing bullish signals. The global market cap recorded a 2.3% increase within a day of trading, taking the total cap to 16. This is great news for investors who have been waiting for such positive trends in the crypto market.
Bitcoin Bounces Back
Bitcoin (BTC), the undisputed king of cryptocurrencies, started today’s session on a high note, boasting a 3% gain within 24 hours and taking its value back above $28k. Trading at $28,006 as of press time, BTC had a weekly gain of 4%, with its market capitalization standing at $542,773,741,753.
The Bollinger bands indicate low volatility levels as they move closer to each other. The relative strength indicator also moves high above its average line, signaling a bullish trend on Bitcoin as bulls now push for the overbought region.
Ethereum Follows Suit
Following in Bitcoin’s footsteps is Ethereum (ETH), which has gained 2.9% within a day of trading and boasts a weekly gain of 4.9%. As of press time, Ethereum was trading at $1,901 with its market cap standing at $228,799,316,999.
Lido DAO’s Exceptional Performance
Lido DAO (LDO) seems to be doing exceptionally well today as it boasts a 5% gain within 24 hours of trading. As of press time, LDO was priced at $10.
INJ’s Bullish Trend
INJ is another cryptocurrency that is experiencing positive growth today. Trading at $7.27, it had a market cap of $581,451,610 as bulls looked to control the asset’s market.
PepeDerp’s Massive Rally
On today’s trending list, PepeDerp (PEPEDERP) is boasting massive gains, recording a 115% rally within 24 hours as the asset’s bulls push for market dominance.
ARB’s Current Status
ARB is currently trading at $1.25 with a market cap of $1,592,861,085.
Conclusion
The crypto market seems to be experiencing a bullish trend today, with major cryptocurrencies like Bitcoin and Ethereum leading the way. Other assets like Lido DAO, INJ, and PepeDerp are also showing positive growth. This is an excellent opportunity for investors to take advantage of the current situation and make informed decisions in their investments.