Although it has recently begun to recover, Bitcoin is still continuing its adjustment phase, occupying a large portion of the cryptocurrency market share.
Bitcoin fell to $63,880 after a 2.7% correction in the last24 hours with a trading volume of $26.2 billion. Over the past week, the cryptocurrency lost 4.6% of its value and dropped to a market capitalization of $1.26 trillion. However, the update shows that the price has returned to $64,200.
The one-day technical on TradingView highlights bearish market sentiments – the summary indicates “sell” with 13 signals, moving averages show “strong sell” with12, and oscillators are “neutral” with 9.
The Relative Strength IndexRSI) currently stands at 38.48, indicating that it is approaching the overbought zone (below 30). This may be a signal for an imminent trend reversal and resumption of the upward trajectory.
Read more:
News: Standard Chartered Bank becomes one of the first global banks to enter cryptocurrency trading
Ethereum broke below $3,500 a 2.6% decline in the last day with a trading volume of $155 billion. The market capitalization of the largest altcoin dropped to $428 billion.
The biggest losers in the last 24 hours are zkSync (ZK) and Exchange (ZRO), which were recently added to Binance’s spot trading platformZRO is currently trading at a price of $3
.
2 after a
21
.
5% decline in th
e
last
24 hours and $
650 million in trading volume.
ZK declined by
13
.
3%
for th
e same period and