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The bears are still in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $2.04T as of press time, representing a 3.02% decrease over the last 24 hours, while the trading volume jumped by 6% over the same period to stand at $72.87B 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 Bitcoin’s price is hovering near the lower Bollinger Band, indicating potential oversold conditions. The bands are slightly widening, suggesting increased volatility. On the other hand, we see that the RSI is at 35.51, which is close to the oversold region (below 30). This suggests that the price might soon experience a reversal or a consolidation phase. Bitcoin traded at $58,006 as of press time, representing a 2.04% 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 also seen from its price movements. Looking at an in-depth analysis, we see that the Alligator’s lips (green), teeth (red), and jaw (blue) are showing a downward trend, with the price staying below these lines, indicating a bearish trend. On the other hand, we see that the Woodies CCI: is around -100.63, which suggests a bearish sentiment. If it stays below -100, it confirms a strong downtrend. Ethereum traded at $2,466 as of press time, representing a 2.36% decrease over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Toncoin Price Review Toncoin, $TON, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator is…

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Filed under: News - @ September 1, 2024 6:05 pm