Global cryptocurrency market shows bullish trend, fear-greed index … – UK  |  Editor Pollock Mondal

Published Oct 03, 2023 15:58

The global cryptocurrency market has seen a bullish trend, with a 2.5% increase, pushing the market cap to $1.11T as of Tuesday. The fear-greed index stands at 47, indicating a degree of market greediness.

The rise in the market cap can be attributed to the performance of several cryptocurrencies including Bitcoin, Ethereum, Pancake, Bitcoin SV, Gala, and Mantle. The price and trade volume of these cryptocurrencies were examined meticulously along with Bollinger bands’ divergence/convergence and Relative Strength Index (RSI).

Bitcoin, the largest cryptocurrency by market cap, was trading at $27.6K with a trade volume of $18.1B. Ethereum followed with a trading price of $1668 and a trade volume of $6.1B.

Other cryptocurrencies also contributed to the market’s bullish trend. Pancake was trading at $1.23 with a trade volume of $44.9M while Bitcoin SV stood at $40.98 with a trade volume of $226.1M. Gala and Mantle also showed notable performances with trading prices of $0.01563 and $0.411 respectively, and trade volumes of $71.7M and $50.3M (NYSE:MMM).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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