Bears have once again taken control of the market, leading to a decrease in the global market cap. The total market cap currently stands at $2.35 trillion, showing a 3% decline in the last 24 hours. Trading volume has also surged by 106% to reach $97.2 billion during the same period.
Bitcoin (BTC) Price Analysis
Bitcoin is experiencing a correction in today’s session as bearish sentiment prevails. The widening bands indicate heightened volatility, with the price breaking below the middle band, suggesting a possible continuation of the downward trend. The Volume Oscillator stands at 19.89%, indicating moderate trading volume. At the time of writing, Bitcoin is priced at $65,566, reflecting a 0.77% decrease over the last 24 hours.
Ethereum (ETH) Price Analysis
Ethereum is also facing a bearish trend in today’s session, with the price at $3,440 and trading below the Alligator indicator’s moving averages, which are aligned for a bearish trend. The Awesome Oscillator is showing red bars, signaling bearish momentum. Ethereum is currently trading at $3,441, marking a 2.8% decrease in the last 24 hours.
Ripple (XRP) Price Analysis
Despite the overall bearish market, Ripple is the only gainer today. The price remains below the Supertrend resistance level at $0.4914, indicating a bearish trend. The Money Flow Index is at 60.67, moving towards the overbought region, suggesting a potential reversal if the price continues to rise. Ripple is trading at $0.4938, showing a 1.8% increase in the last 24 hours.
Worldcoin (WLD) Price Analysis
Worldcoin is one of the top losers today, trading at $2.767 below the Ichimoku Cloud, indicating a bearish trend. The Woodies CCI is at -165.673, confirming strong bearish momentum. Worldcoin is currently priced at $2.77, reflecting a 15.6% decrease in the last 24 hours.
Core DAO (CORE) Price Analysis
Core DAO is also among the top losers today, with the price breaking below the lower boundary of the pitchfork channel, signaling a strong bearish trend. The Volume Oscillator indicates increasing volume, aligning with strong selling pressure. Core DAO is trading at $1.34, showing a 16.3% decrease in the last 24 hours.