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The bears are still in control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.12T as of press time, representing a 0.95% increase over the last 24 hours, while the trading volume dropped by 31% over the same period to stand at $65B as of press time.  Bitcoin Price Review Bitcoin, $BTC, is still keeping up its pump in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently trading near the upper Bollinger Band, indicating bullish momentum. The bands are slightly widening, suggesting increased volatility. On the other hand, we see that the ADX (Average Directional Index) has a reading of 26.69, the trend is moderately strong. If the ADX increases, it would confirm a strengthening trend. The Bitcoin price was at $61,150 as of press time, representing a 0.84% increase over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is also pumping in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that the Alligator lines (Jaw, Teeth, and Lips) are slightly entangled, indicating a period of consolidation with a slight bullish bias as the lines start to spread out. On the other hand, we see that the Woodies CCI (Commodity Channel Index): The CCI is in the overbought zone (above 100), suggesting that the asset is currently overextended and might face a pullback. Ethereum traded at $2,668 as of press time, representing a 1.38% increase over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView BeamX Price Review Beam, $BEAM is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the…

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Filed under: News - @ August 12, 2024 3:14 am