The post Daily Market Review: BTC, ETH, ORDI, SOL, TRX appeared on BitcoinEthereumNews.com.

Today’s market session saw bears take over, as seen from the drop in the global market cap. The total cap stood at $2.56T as of press time, representing a 3% drop in the last 24 hours. On the other hand, the trading volume stood at $102.9B, representing a 37% decrease over the last 24 hours. Bitcoin Price Review Bitcoin (BTC) is also facing corrections in today’s session, as seen from the price movements today. An in-depth analysis shows that the Bitcoin chart indicates a downtrend, with the price moving under the 20 SMA on the Bollinger Bands (BB), which has started to act as a dynamic resistance. The narrowing BB suggests decreased volatility.  On the other hand, the Awesome Oscillator (AO) is negative and hasn’t shown signs of crossing above zero, indicating that bearish momentum is still dominant. As of press time, the Bitcoin price stood at $69,320, representing a 0.09% drop from its previous 24-hour price. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum (ETH) also faces price drops in today’s session, as seen from its price movements. An in-depth analysis shows that Ethereum’s chart shows a steep downtrend followed by a consolidation phase. The Alligator indicator suggests a bearish trend as the price is under the jaws of the Alligator (the blue line).  On the other hand, the ADX is significantly high at 48.36, indicating a powerful downward trend. As of press time, the Ethereum price stood at $3,688, representing a 0.12% drop from its previous 24-hour price. 4-hour ETH/USD Chart | Source: TradingView ORDI Price Review As seen from its price movements, ORDI (ORDI) is a gainer in today’s session. An in-depth analysis shows that it displays a range-bound movement indicated by the Supertrend staying green and the price mostly hovering around the Supertrend line. …

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Filed under: News - @ June 10, 2024 1:26 am