Daily Analysis: BTC, ETH, GAS, RUNE, BLUR

Markets are on bull activity today, with the global market cap sitting 1.36% above its previous 24-hour mark, as the total cap stands at $1.3T as of press time. The fear and greed index is at 72, as greed still dominates. The global trading volume is 18% down in 24 hours, at $38.3B as of press time.     

Bitcoin price analysis

Bitcoin (BTC) has started on bull activity, as Bitcoin price stood at $34.8K as of press time after recording a daily increase of 1.6% and a weekly rise of 2%. As a result of the Bitcoin price, the token’s trade volume dropped by 30% during the same period and is presently at $13.8B.

The Bollinger bands are wide apart, showing high volatility levels on Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing some bear activity on Bitcoin price despite the uptick.

Ethereum price analysis

Ethereum (ETH) has also started on bull activity, as Ethereum price stood at $1846 after recording a daily increase of 3.3%, as the weekly rise now stands at 3.1%. ETH’s trade volume dropped by 15% during the same period and is presently at $6.9B.

The Bollinger bands are far apart, showing high volatility levels on Ethereum Price as the Relative Strength Index (RSI) approaches a shift above the average line, showing bull dominance on Ethereum price as it heads for the overbought region.

Gas price analysis

Gas (GAS) is among today’s top gainers, as Gas price stood at $12.44 after recording a daily increase of 57%, as the weekly rise now stands at 201%. GAS’s trade volume jumped by 77% during the same period and is presently at $831M.

The Bollinger bands are diverging, showing high volatility levels on Gas Price as the Relative Strength Index (RSI) moves above the average line. This shows bull dominance on Gas price.

THORChain price analysis

THORChain (RUNE) is among today’s top gainers, as RUNE price stood at $3.4 after recording a daily increase of 17%, as the weekly rise now stands at 34%. RUNE’s trade volume jumped by 95% during the same period and is presently at $280M.

The Bollinger bands are diverging, showing high volatility levels on RUNE Price as the Relative Strength Index (RSI) moves above the average line. This shows bull dominance on RUNE price.

Blur price analysis

Blur (BLUR) is among today’s top gainers, as Blur price stood at $0.2933 after recording a daily increase of 14%, as the weekly rise now stands at 32%. BLUR’s trade volume jumped by 28% during the same period and is presently at $163M.

The Bollinger bands are diverging, showing high volatility levels on Blur Price as the Relative Strength Index (RSI) moves above the average line. This shows bull dominance on Blur price.