The post Daily Market Review: BTC, ETH, ORDI, WIF, OM appeared on BitcoinEthereumNews.com.

The bulls are in total control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.07T as of press time, representing a 3.08% increase over the last 24 hours, while the trading volume dropped by 0.18% over the same period to stand at $55.78B as of press time.  Bitcoin Price Review Bitcoin, $BTC, has posted gains 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 Bollinger Bands, suggesting periods of volatility. Recently, Bitcoin’s price has crossed above the middle band, indicating a potential bullish trend. On the other hand, we see that the Awesome Oscillator shows a transition from negative to positive, confirming the momentum shift to bullish. The histogram is green, indicating increasing bullish momentum. Bitcoin traded at $59,093 as of press time, representing a 2.8% increase over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is among the gainers in today’s session as seen from the price movements as well. Looking at an in-depth analysis, we see that the Alligator indicator’s lines are intertwined, suggesting a ranging market. However, the recent slight divergence hints at a possible breakout. On the other hand, we see that the MFI is around 50, which indicates a balanced supply and demand. It’s neither overbought nor oversold, suggesting the potential for a directional move. Ethereum traded at $2,519 as of press time, representing a 3.4% increase over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView ORDI Price Review ORDI, $ORDI, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the ORDI price has recently broken above…

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Filed under: News - @ September 3, 2024 9:27 am