Bitcoin Back at $27K as Tron Continues to Dominate

Today’s market session has kicked off characterized by bull flags as the global market cap recorded a 2.2% increase taking the cap to $1.14T. Bitcoin (BTC), the crypto king is also on for a positive session today as the asset gained 2.2% within a day of trading as BTC now trades above the $27K mark. Trading at $27,391 BTC has had a surge of 40% in trading volume displaying the amount of activity on the assets network.

Bitcoin’s volatility levels are also rather low as the Bollinger bands now move closer to each other showing reduced volatility as bulls push for market dominance. The relative strength index is also moving above its average line, indicating a bullish trend as bulls push for the overbought region.

The MACD indicator has also shifted slightly shifted to the positive region, indicating a bullish trend on Bitcoin.

BTC 1-day chart | Source: TradingView

Altcoin analysis

Ethereum (ETH), has also kicked off today’s session in a rather bullish session as the asset now boasts a 4% gain in 24 hours. Trading at $1,860, ETH’s trading volume has increased by 80% as the market cap also rose by 2%.

Ripple (XRP), is also giving slight bullish signals as the asset sits on a 0.4% gain as the trading volume also surged by 25%. Ripple’s weekly gain currently stands at 9.9% as the asset boasts an exceptional week.

Cardano (ADA) is however having a good session gaining a 2% gain as it also sits on a 1.6% weekly gain. The trading volume has also seen a surge of 45% within the same period as the asset gains a 2% gain.

ADA 1-day chart | Source: CMC

Dogecoin (DOGE) has also seen a 2% gain within the same period as meme coins continue to dominate while Polygon (MATIC) has also seen a 3.3% gain within the same period as altcoins enjoy a good market session.

Tron (TRX) is also having a good market session as the asset now dominates with a 5% gain within 24 hours, while the weekly gain stands at 11%. Tron’s trading volume has also gone up by 10% within the same period as the asset now trades at $0.07877.

TRX 1-day chart || Source: CMC

Litecoin (LTC) and Polkadot (DOT) have also gained 1% within the same period. Shanghai Inu (SHANG) is today’s top gainer as the asset boasts a 102% within 24 hours the asset sits on a massive 2131% weekly gain as the asset sits at third most trending asset on CoinMarketCap.

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