Markets Recover as Sui Records Massive Gains

Markets are still doing rather well as the global market cap records a 2.6% gain within 24 hours of trading to take the total cap to $1.07T. Bitcoin (BTC) is on for a good session as the asset now sits on a 1.8% gain within 24 hours of trading to take the asset’s price to $26.4K.

BTC’s volatility levels are gradually decreasing as the Bollinger bands now converge towards each other slightly indicating reduced volatility. The relative strength indicator is also moving high above the average line as bulls now push for the overbought region. The MACD indicator has also shifted to the positive side as bulls now push for market dominance.