The post Daily Market Review: BTC, ETH, FTT, CFX, LTC appeared on BitcoinEthereumNews.com.

The bear are still holding firm on to the markets, as seen from the continous decrease in the global market cap. The total cap stood at $2.15T as of press time, representing a 0.29% decrease over the last 24 hours, while the trading volume also dropped by 44.19% over the same period to stand at $36.8B as of press time.  Bitcoin Price Review Bitcoin, $BTC, has failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows that Bitcoin is moving into a consolidation phase, with the lines converging, indicating a lack of trend strength at the moment. The Bitcoin price has been oscillating above and below the green Alligator line (medium trend) without making strong breakout moves. On the other hand, we see that the Volume is decreasing, as seen by the Volume Oscillator at -42.15%, indicating that there is little interest from buyers or sellers at the current price. Bitcoin traded at $61,395 as of press time, representing a 5.44% decrease over the last 24 hours. 4-hour BTC|USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, has also failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is consolidating within the Bollinger Bands after a recent sharp drop. The bands are starting to contract, suggesting lower volatility in the short term. On the other hand, we see that the MFI is at 79.24, indicating that ETH is in the overbought territory. This could signal a possible price retracement in the near future. Bitcoin traded at $2,418 as of press time, representing a 8.8% decrease over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView FTX Token Price Review FTX…

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Filed under: News - @ October 6, 2024 8:45 am