Bitcoin, Ethereum Dip as Bears Dominate Market; Jito, Binance Coin, Maker See Green

The bears are in total control in today's session, as seen from the decrease in the global market cap.

Global market cap decreases as bears take control in today's session. The total cap stood at $3.16T as of press time, representing a 1.86% increase over the last 24 hours.

However, the trading volume jumped by 4.13% over the same period to stand at $100.08B as of press time.

Bitcoin Price Review

Bitcoin, $BTC, has posted minor declines in today's session as seen from the price movements. Looking at an in-depth analysis, we see that the Bollinger Bands are contracting slightly, suggesting a decrease in volatility.

On the other hand, we see that the ADX (Average Directional Index) is at 18.85, indicating a weak trend. BTC is likely consolidating.

Bitcoin traded at $95,899 as of press time, representing a 2.00% decrease over the last 24 hours.

Ethereum Price Review

Ethereum, $ETH, is also not among the gainers in today's session as also seen from its price movements. Looking at an in-depth analysis, we see that Ethereum has been moving sideways after a recent downtrend. The Alligator indicator (Jaw, Teeth, and Lips) is converging, signaling market indecision.

On the other hand, we see that the ADX is at 31.85, suggesting that ETH may be preparing for a breakout.

Ethereum traded at $2,628 as of press time, representing a 2.39% decrease over the last 24 hours.

Binance Coin Price Review

Binance coin, $BNB, is also among the gainers in today's session as also seen from its price movements. Looking at an in-depth analysis, we see that Binance Coin is attempting to break above the Ichimoku Cloud, which is acting as resistance. If successful, this would signal a bullish shift.

On the other hand, we see that the ADX is at 29.15, indicating moderate strength.

Binance coin traded at $645 as of press time, representing a 1% increase over the last 24 hours.