The global crypto market was on a roll as it was seen surging by 4.92% over the last day. At the time of writing, the market cap of the crypto-verse was at $361.6 billion. The overall sentiment of the crypto market was on the positive side as the entire market was painted green. Bitcoin finally breached $11K and continued dominating the space by 58.4%.
Ethereum seemed to be headed towards $400 once again as the altcoin was rising by 7.46% over the last 24-hours. The second-largest coin was trading at $376.12 during the time of writing, while its market cap was recorded at $42.48 billion.
ETH was on the go as key indicators suggested that the altcoin could soon hit $400. The Chaikin Money Flow [CMF] indicator highlighted the presence of bulls as the CMF marker was way above zero. Awesome Oscillator synced with CMF as it formed green closing bars reassuring the occupancy of bulls in the ETH market.
After lounging away from the top ten, ADA found its way back as the altcoin took over the ninth position with a market cap of $3.29 billion. At press time, the coin was surging by 10.22% while its price remained at $0.1056. Over the last seven days, the coin had garnered a total of 12.33% gains.
It was all good in the ADA market as a strong bullish presence was noted. The MACD indicator prolonged a bullish crossover that had taken place yesterday. The MACD line, however, was seen slightly converging towards the signal line. The Klinger Oscillator also formed a bullish crossover.
Despite not being able to secure a place in the top ten, XTZ was turning heads with its price change. The altcoin was trading for $2.27 and was increasing by 8.33% over the last 24-hours. The market cap of XTZ was recorded at $1.7 billion.
The bull run had surely started as the bulls were taking over almost every other market. The bulls had evaded the XTZ market as the Parabolic SAR indicator formed dotted lines below the candlesticks. With this formation the possibility of a downward breakout was obstinate. The Relative Strength Index [RSI] was on its way back from the overbought zone and continued to exhibit strong buyers’ sentiment.