Bitcoin Reclaims $28K as Crypto Markets Rally

Today’s market session has kicked off characterized by bullish signals as the global market cap recorded a 2.3% increase within a day of trading to take the total cap to $1.16. Bitcoin (BTC), the crypto king, has also started today’s session with bullish signals as the asset boasts a 3% gain within 24 hours to take the asset back above $28k.

Trading at $28,006 as of press time, BTC had a weekly gain of 4% as the market capitalization stood at $542,773,741,753 during press time. Bitcoin’s volatility levels are now low as the Bollinger bands now, move closer to each other indicating reduced volatility

The relative strength indicator is also moving high above its average line, indicating a bullish trend on Bitcoin as bulls now push for the overbought region. The MACD indicator has also shifted to the positive region, giving a strong indication of a bullish trend consolidating on Bitcoin.

BTC 1-day chart | source: TradingView## Altcoin analysis

Ethereum (ETH), the altcoin king, has also kicked off today characterized by bullish signals as the asset now reclaims the $1.9K mark as of press time. Trading at $1,901, Ethereum had gained 2.9% within a day of trading as the weekly gain stood at 4.9%. Ethereum’s market cap stood at $228,799,316,999 as of press time.

Other altcoins are also doing relatively well with Ripple (XRP), Cardano (ADA), and Solana (SOL) recording gains of over 1% within 24 hours of trading as Dogecoin (DOGE), Polygon (MATIC), and Tron (TRX) recorded mild gains of less than 1% within the same period.

Lido DAO (LDO) is doing rather exceptionally well as the asset boasts a 5% gain within 24 hours of trading taking its price to $2.10 as of press time. LDO’s market cap stood at $1,843,790,058 during writing.

LDO 1-day chart | Source: CMCInjective (INJ) has also hit massive gains today as the asset now boasts a 10% gain within a day of trading ahead of a 5% weekly gain. Trading at $7.27, INJ had a market cap of $581,451,610 as bulls look to control the asset’s market.

On today’s trending list, PepeDerp (PEPEDERP) is boasting massive gains recording a 115% rally within 24 hours as the asset’s bulls push for market dominance. With a trading volume of $3,708,339, the asset now ranks as the third most trending asset ahead of the massive gains witnessed as of today’s early morning session. PepeDerp is now trading at $0.000003121.

PEPEDERP 1-day chart | Source: CMCArbitrum (ARB), also ranking in 5th trending, has had a rather fruitful session today recording gains of 3% within 24 hours as bulls push for a recovery from the weekly loss in valuation that saw it drop by 2,6%. ARB is currently trading at $1.25 with a market cap of $1,592,861,085.