The post BTC, ETH, BTT, AKT, BRETT appeared on BitcoinEthereumNews.com.

The bulls are gaining in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $1.97T as of press time, representing a 5% increase over the last 24 hours, while the trading volume jumped by 35.9% over the same period to stand at $195.3B as of press time.  Bitcoin Price Review Bitcoin, $BTC, has pumped massivelyy in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is moving within the lower half of the Bollinger Bands, indicating a bearish trend. The bands are widening, suggesting increased volatility. On the other hand, we see that the ADX value is 53.61, indicating a strong trend. Since the trend has been downward, this points to strong bearish momentum. Bitcoin traded at $55,985 as of press time, representing a 10.39% increase over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, has also seen a tremendous surge in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is in a downtrend but shows signs of consolidation and potential reversal after reaching a low around $2,500. The lines are wide apart, indicating a strong trend. The price is attempting to cross above the Lips (green line), suggesting a possible trend change. On the other hand, we see that the ADX value is 56.85, signifying a strong trend. Given the recent downtrend, this reflects strong bearish momentum but a potential reversal is indicated by the Alligator lines converging. Ethereum traded at $2,527 as of press time, representing a 15.33% increase over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView BitTorrent Price Review BitTorrent, $BTT, is also among the…

---

Filed under: News - @ August 7, 2024 1:24 am