The market session today was dominated by bears as evidenced by the significant drop in the global market cap, which decreased by 5% over the last 24 hours to $2.55 trillion.
Bitcoin Price Movement
Bitcoin (BTC) faced substantial corrections, falling below $67K again. The price has broken through the Ichimoku Cloud, indicating a shift from a bullish to a bearish trend, with dynamic support breached at the cloud bottom. Despite not being in extreme conditions, the RSI is not overbought or oversold. The current Bitcoin price is $66,991, marking a 3.4% drop from the previous 24-hour price.
Ethereum Price Movement
Ethereum (ETH) also experienced a significant correction, nearing the lower Bollinger Band and showing signs of low volatility or potential oversold conditions. The market demonstrates some volatility with the bands moderately apart. The price is below the 20-period SMA, suggesting a bearish trend, supported by the MACD line and signal line below zero. The current Ethereum price is $3,377, down by 4.5% from the previous 24-hour price.
Core DAO Price Movement
Core DAO (CORE) emerged as today's top gainer, showing significant gains despite the general downtrend. The price is above the SuperTrend line, indicating an uptrend, with high buying interest apparent from the price surge. The AO bars are increasing in height, signaling growing momentum. The current Core DAO price is $3.5, up by 30% from its previous 24-hour price.
Bittensor Price Movement
Bittensor (TAO) also performed well today, ranking as the second top gainer. The Alligator's lines are intertwined, reflecting a lack of a strong trend or a consolidating market. The price hovers around the Alligator's lines, supporting the idea of consolidation. The MFI nearing overbought territory suggests a potential pullback. The current Bittensor price is $541.19, up by 6.6% from the previous 24-hour price.
Bitget Token Price Movement
Bitget Token (BGB) ranks as today's third top gainer, showing notable gains. The ADX indicates the presence of a trend without extreme strength. The CCI around the zero line reflects no significant buying or selling pressure. The price action demonstrates an uptrend with higher highs and higher lows. The current Bitget Token price is $1.08, marking a 5.2% increase from the previous 24-hour price.
