The post Daily Market Review: BTC, ETH, BCH, ONDO, GNO appeared on BitcoinEthereumNews.com.

Bulls are dominant in today’s session as seen from the increase in the global market cap. The total market cap stood at $2.43T as of press time, representing a 1.58% increase in the last 24 hours while the trading volume stood at $71.83 a 6.4% decrease over the last 24 hours.  Bitcoin Price Review Bitcoin (BTC) is making gains in today’s session as seen from its rice movements. Looking at an in-depth analysis, we see that the Bitcoin price is currently near the upper Bollinger Band, indicating potential overbought conditions. On the other hand, we see the CCI is oscillating near the +100 level, which indicates a bullish trend. There is a positive momentum, but signs of consolidation are visible as the CCI starts to flatten. As of press time, the Bitcoin price stood at $67,079, a 1.24% decrease from its previous 24-hour price. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum (ETH) is also among the gainers in today’s session as seen from its price increase in today’s session. Looking at an in-depth analysis, we see that the Alligator indicator shows that the green, red, and blue lines are wide apart, indicating a strong upward trend. The price has been following the green line closely, suggesting a well-maintained bullish trend. On the other hand, the RSI is at 66.11, indicating that Ethereum is nearing overbought conditions. The RSI is still below the critical 70 level, leaving room for further upward movement. As of press time, the Ethereum price stood at $3,116, a 2.26% increase from its previous 24-hour price. 4-hour ETH/USD Chart | Source: TradingView Bitcoin Cash Price Review Bitcoin Cash (BCH) is also among the gainers in today’s session as seen from its price movements in today’s session. Analysing bitcoin Cash price charts, we see that…

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Filed under: News - @ May 19, 2024 2:14 am