Price Analysis for Major Cryptocurrencies (BTC, ETH, & BNB)

As the week is coming to an end, the data from CoinMarketCap has started coming in sharing performance data surrounding major cryptocurrencies. This is when CoinMarketCap has shared data for four major cryptocurrencies. These cryptocurrencies include Bitcoin, Ethereum, and Binance Coin.

The first cryptocurrency is Bitcoin (BTC) that has reportedly suffered from a 6.23% dip in the past 7-days. As for the past 24-hour performance, Bitcoin has observed a 2.57% surge, and its price has been pushed up to $48,100.59.

The 7-day data from CoinMarketCap shows that the highest price it has hit is $50,724.87 and the lowest price it has hit is $45,598.44. The 24h trading volume observed for Bitcoin has been over $33 billion, which has surged 9.36% in the same period. At the time of writing, the market valuation of Bitcoin is over $911 billion.

The analysis shared by TradingView around Bitcoin shows that in the upcoming days, the price of BTC may grow higher. This is mainly because the current overall sentiments of the investors about BTC are in the bullish zone. Therefore, the market may observe the buying power grow into rallies, bringing the price of BTC all the way up to $53,297.79.

The second cryptocurrency is Ether (ETH) that has reportedly suffered from a 7.80% dip in the past 7-days. As for the past 24-hour performance, Ether has observed a 2.55% surge, and its price has been pushed up to $3,784.22.

The 7-day data from CoinMarketCap shows that the highest price it has hit is $4,149.03 and the lowest price it has hit is $3,759.40. The 24h trading volume observed for Ether has been over $16 billion, which has plummeted 19.09% in the same period. At the time of writing, the market valuation of Ether is over $450 billion.

The data from TradingView shows that the current sentiments of the investors about Ether are negative. This means that more investors are preferring to sell ETH than accumulate it, creating a bearish zone. It is being expected that in the upcoming days, the price of ETH may fall down to $3,197.5 due to constant plunging.

The third cryptocurrency is Binance Coin (BNB) that has reportedly suffered from a 4.96% dip in the past 7-days. As for the past 24-hour performance, Binance Coin has observed a 0.41% surge, and its price has been pushed up to $522.17.

The 7-day data from CoinMarketCap shows that the highest price it has hit is $571.55 and the lowest price it has hit is $508.59. The 24h trading volume observed for Ether has been over $2.15 billion, which has plummeted 7.68% in the same period. At the time of writing, the market valuation of Binance Coin is over $87 billion.

As of now, BNB is also going through the same bearish trend as Ether. It is being expected that in the upcoming days, its price may come all the way down to $441.3.