Crypto Markets Rally as Arbitrum Makes Trends with Impressive Gains
Today’s market session kicked off the weekend with the bullish sentiment, recording an increase of 0.4% to take the total cap to $1.15T as of press time. Bitcoin (BTC), is also having a fruitful session gaining 0.4% in price valuation within a day of trading to take its price to $27,173 as of press time.
Bitcoin’s volatility levels are now rather stable with the Bollinger bands moving closer to each other, indicating reduced volatility on the asset. The relative strength index indicator is also moving high above its average line, signaling a bullish trend on Bitcoin. The MACD indicator is also moving above its average line, signaling a bullish trend on Bitcoin, as bulls push for market dominance as they push for the overbought region.
Altcoin analysis
Ethereum (ETH) has also kicked off strongly as the asset now boasts a 0.8% gain within a day of trading to reclaim the $1.9K mark. Trading at $1903 as of press time, ETH’s trading volume stood at $5,034,310,577 and the market cap stood at $228,845,714,270. ETH’s weekly gain stood at 4% at press time.
Other altcoins are also doing relatively well with Ripple (XRP), gaining 1.6% in a day of trading ahead of Cardano (ADA), Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC) which have gained 1.2%, 0.6%, 0.8%, and 0.4% respectively within a day of trading.
Tron (TRX) has however registered massive gains, increasing its price valuation by 10% within a day of trading to take its price to $0.08418, as the weekly gain also stands at 10.6%. TRX’s market cap currently stands at $7,598,997,831 as the trading volume also stands at $483,430,920.
Another notable gainer in today’s session is Immutable (IMX), trading at $0.8086 which represented a 5% gain within a day as the weekly gain stands at 9.74%. IMX has a current market cap of $738,582,913 as the asset’s bulls look to consolidate a bullish trend.
On today’s trending list, Arbitrum (ARB) is having a great market session, recording an increase of 3.9% to take its price to $1.2401 as of press time. ARB’s market cap stood at $1.2401 as the trading volume stood at 325.38M and a circulating supply of 1.28B ARB.
The second trending coin, Ben (BEN), has registered a decrease in valuation within 24 hours of trading, dropping by 4.9%. The asset had a trading volume of 10.29M as of press time.
