The post Daily Market Review: BTC, ETH, LDO, GNO, OP appeared on BitcoinEthereumNews.com.

Today’s market session has seen bears on the front foot as seen from the drop in the global market cap. The total cap stood at $2.44T as of press time representing a 0.39% decrease over the last 24 hours, while the trading volume on the other hand stood at $69.8B, representing a 24% decrease over the last 24 hours. Bitcoin Price Review Bitcoin (BTC) is having a bear session today as seen from its price movements. Looking at an in-depth analysis, we see that Bitcoin is currently trading below its 20 SMA, with the Bollinger Bands expanding, suggesting increased volatility. Recent price action has seen a decline below the midline of the bands, indicating bearish momentum. On the other hand, we see that the Woodies CCI shows a trend reversal, moving from positive to negative territory, which could imply a shift to bearish sentiment in the market. As of press time, the Bitcoin price stood at $66,190, representing a 1.2% drop from its previous 24-hour price. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum (ETH) is another gainer in today’s session as evidenced by its price movements in today’s session. Looking at an in-depth analysis, we see that Ethereum’s chart shows some consolidation around the $3,500 level with slight bullish recovery attempts being capped by the downward sloping moving averages. On the other hand, we see that the MFI indicator is trending upwards, signaling increasing buying pressure, although the price remains under key moving averages which might act as resistance. As of press time, the Ethereum price stood at $3,540, representing a 0.97% drop from its previous 24-hour price. 4-hour ETH/USD Chart | Source: TradingView Lido DAO Price Review Lido DAO (LDO) is also another gainer in today’s session as seen from today’s price meovements. Looking at an…

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Filed under: News - @ June 16, 2024 12:02 pm