The post Daily Market Review: BTC, ETH, XCN, FTT, KAS appeared on BitcoinEthereumNews.com.

The bears are in total control in today’s session, as seen from the decrease in the global market cap. The total cap stood at $3.23T as of press time, representing a 0.13% decrease over the last 24 hours, while the trading volume dropped by 44.89% over the same period to stand at $58.17B as of press time.  Bitcoin Price Review Bitcoin, $BTC, has not posted gains in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that BTC is trading within a tight range as Bollinger Bands are contracting, signaling reduced volatility. The price is hovering near the middle band (SMA 20), indicating indecisiveness in the market. Recent price movements suggest consolidation, with no clear breakout direction. On the other hand, the volume oscillator shows -42.35%, indicating a decline in volume. This suggests weak buying or selling pressure. Bitcoin traded at $97,412 as of press time, representing a 0.04% decrease over the last 24 hours. 4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review Ethereum, $ETH, is also not among the gainers in today’s session, as seen from its price movements. Looking at an in-depth analysis, the Alligator Indicator shows the convergence of the three moving averages, signaling low momentum and a period of sideways trading. On the other hand, we see that the Awesome Oscillator (AO) is near the zero line, showing neutral momentum. Ethereum traded at $2,697 as of press time, representing a 0.31% decrease over the last 24 hours. 4-hour ETH/USD Chart | Source: TradingView Onyxcoin Price Review Onyxcoin, $XCN, is among the gainers in today’s session, as seen from the price action. Analyzing the token’s charts in-depthly, we see that XCN is showing a downtrend after a strong pump, with the price now testing the 50-day SMA. The 100-SMA and…

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Filed under: News - @ February 16, 2025 4:19 pm