Daily Crypto Analysis: BTC, ETH, LUNC, STX, AVAX

Crypto News– Today, bearish sentiments dominate the markets, witnessing a 0.5% dip in the global market cap compared to the previous 24 hours, with the total cap resting at $1.42 trillion at the time of reporting.

Daily Crypto Analysis: BTC, ETH, LUNC, STX, AVAX

The fear and greed index registers at 71, signaling a waning of greed. Notably, the global trading volume has surged by 21% over the past 24 hours, reaching $55.5 billion as of the latest update.

Bitcoin price analysis

Bitcoin (BTC) is currently experiencing bearish trends, with the price resting at $37.7K at the time of reporting, reflecting a 1.2% daily decrease and a modest weekly rise of 0.74%. This has resulted in a 9% drop in Bitcoin’s trade volume during the same period, settling at $20.6 billion.

Ethereum price analysis

Ethereum (ETH) is currently showing bearish trends, with the price resting at $2027, reflecting a 1.5% daily decrease and a marginal weekly rise of 1.96%. This has resulted in a 7.7% drop in Ethereum’s trade volume during the same period, currently standing at $9 billion.

Terra Classic price analysis

Terra Classic (LUNC) is currently exhibiting bearish trends, with the price standing at $0.0001161, indicating a 4.8% daily decrease despite a notable 56% weekly rise. The trade volume for LUNC has experienced a significant 31% drop during the same period, currently settling at $222 million.

Stacks price analysis

Stacks (STX) is currently exhibiting bearish trends, with the price standing at $0.69, reflecting a notable 9.7% daily decrease despite a modest 10% weekly rise. The trade volume for STX has experienced a 13% drop during the same period, currently settling at $142 million.

Avalanche price analysis

Avalanche (AVAX) is currently displaying bearish tendencies, with the price standing at $20.94, reflecting a 1.8% daily decrease and a modest 0.86% weekly drop. AVAX’s trade volume has seen a 1.7% increase during the same period, currently reaching $474 million.