Crypto News – Today’s market activity is mostly bearish.
December 1 Daily Crypto Price Analysis
As of press time, the global market capitalization is sitting 2.23% higher than its previous 24-hour mark, with a total value of $1.45T. Since greed is diminishing, the fear and greed index is 70. The worldwide trading volume had increased by 14.46% in a single day to $50.26 billion.
December 1 Bitcoin Price Analysis
As of the time of this writing, the price of Bitcoin (BTC) was $38.8K, up 2.63% on a weekly basis and 2.87% on a daily basis. This indicates that the cryptocurrency has begun to enjoy bull market activity. During that same period, the price of Bitcoin caused the token’s transaction volume to increase by 22.21%, to $23B today.
Given the closeness of the Bollinger bands, the price of Bitcoin is not very volatile. Indicating bull dominance over the price of Bitcoin, the Relative Strength Index (RSI) is above the average line and toward the overbought area.
December 1 IOTA Price Analysis
As of the time of writing, IOTA (IOTA) was trading at $0.2279, up 1.31% on a daily basis and 26.49% on a weekly basis. This indicates that bull activity has begun. Its trading volume decreased by 79.57% in the same time frame due to the IOTA pricing, and it currently stands at $137M.
The price of IOTA is volatile, as evidenced by the divergent Bollinger bands. Bull dominance over the IOTA price is indicated by the Relative Strength Index (RSI), which is above the average line toward the overbought region.
December 1 Celestia Price Analysis
Bull activity has also begun for Celestia (TIA), with the price of Celestia as of press time standing at $7.07, up 10.39% on a daily basis and 28.44% on a weekly basis. The Celestia price caused the token’s trade volume to increase by 61.14% in the same time frame, reaching $194M at the moment.
The closeness of the Bollinger bands indicates minimal levels of volatility in the TIA price. The Celestia price is under bull control as the Relative Strength Index (RSI) is above the average line and toward the overbought area.
December 1 Ripple Price Analysis
As of writing time, Ripple (XRP) was trading at $0.609, up 1.17% on the day and down 1.46% on the week. This indicates that the market is starting to move bullishly. The Ripple price caused the token’s trade volume to decrease by 8.52% over that time, to $907M at now.
Low levels of volatility are shown by the converging Bollinger bands on the Ripple price. Even though the price of ripples has increased, bear activity is evident since the Relative Strength Index (RSI) is below the average line.
December 1 Cosmos Price Analysis
The price of Cosmos (ATOM), which has also begun to rise, was $9.38 at the time of writing, up 5.11% on a weekly basis and 0.76% on a daily basis. The token’s trade volume fell by 4.96% over that time due to the Cosmos price, and it is currently valued at $133M.
Given how far apart the Bollinger bands are, the price of Cosmos is highly volatile. Bull power is evident in the Cosmos price as the Relative Strength Index (RSI) is above the average line.
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