Bitcoin

Dogecoin

Ethereum

Storj

TRON

Cardano

Today’s market session has kicked off with much bear activity as the global market cap dropped by 5.4% as of press time to take the total cap to $1.04T. <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> has now again dropped back to the $25K level after recording a day’s drop of 2.9%. Bitcoin’s weekly drop now stands at 5% with a market cap of $498,420,508,861 and a <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> volume of $16,087,618,433.Volatility levels are however rather stable as the Bollinger bands now maintain a close distance, showing reduced volatility. The relative strength indicator is however moving below its average line indicating a bearish trend on Bitcoin as bears try puish for the oversold region.The MACD indicator has also shifted to the negative side as bears now push for market dominance.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d40109a3cc964b179fa3cd0d4ff23fb3.png" />BTC 1-day chart | Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a><h2 id="header-0">Altcoin analysis</h2><a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> has also kicked off today’s session characterized by bearish signals as the asset now trades below the $1.8K mark ahead of a 5% drop in valuation within 24 hours. Trading at $1,742 as of press time, ETH had also seen an 8.5% drop for the week. With a market cap of $16,087,618,433 and a trading volume of $8,022,115,938 as of press time, Ethereum bears are looking to push the asset’s price further below.BNB has also experienced a massive drop losing 7.9% for the day as the weekly drop lies at over 20% ahead of the <a href="https://blockchainreporter.net/sec-takes-legal-action-against-binance-and-ceo-changpeng-zhao-what-led-to-the-lawsuit/" rel="noopener noreferrer nofollow">recent SEC regulatory saga on Binance</a>. BNB has a current market cap of $36,845,768,636 and a trading volume of $946,019,270, representing a 70% increase in a day as the asset’s selling pressure continues.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7b155d7d02af437ebf6025abc7d96dbc.png" />BNB 1-day chart | Source: <a href="https://coinmarketcap.com/currencies/bnb/" rel="noopener noreferrer nofollow">CMC</a>Storj, still on top of CoinMarketCap’s trending list, has seen a 24% drop within a day of trading to take its price to $0.2303 as of press time. Storj has a current market cap of 92.35M and a trading volume of 40.82M as the circulating supply stands at 401,038,461.30 STORJ.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ba1c219fec5546eea34967a7fea2ebe7.png" />Storj 1-DAY chart | Source: <a href="https://coinmarketcap.com/community/search/top/storj/" rel="noopener noreferrer nofollow">CMC</a>Other altcoins are also having a bad session as Ripple (XRP), sits on a massive drop of 6% within a day of trading as the weekly drop also sits at a 6%. Cardano (ADA) has also experienced a massive drop of 23% as the weekly drop stood at 35% as Dogecoin (DOGE) also saw a 115 drop within the same period. Tron (TRX) is also on for a bad day as the asset now sits on a 14% 24-hour drop ahead of a 20% weekly drop.

BNB Continues Bad Run Ahead of SEC/Binance Lawsuit as Markets Dip

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BlockchainReporter

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