Cryptocurrency Market Cap Drops as Volatility Increases, According to Investing.com

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The global cryptocurrency market capitalization dropped by 0.13% to $1.09 trillion on Friday, with the Fear & Greed Index indicating a neutral sentiment in the market. Major cryptos saw mixed performance, with Bitcoin (BTC) decreasing by 0.21% to $27.5K, despite recording a weekly gain of 1.83%. Its trade volume rose 10% to $11.5 billion, alongside increasing volatility as indicated by diverging Bollinger Bands and a bullish Relative Strength Index (RSI).

Ethereum (ETH) experienced a daily price fall of 0.4% to $1628, contributing to a weekly drop of 2%. However, its trade volume increased by 13% to $5.17 billion, amidst increasing volatility and a bearish RSI below the average line.

Cardano (ADA) registered a daily price increase of 4.6% to $10.47 and a significant weekly rise of 12.5%. Despite this upward trajectory, its trade volume dropped by 5% to $5.17 billion amidst increasing volatility and a bullish RSI above the average line.

Trust Wallet Token (TWT) also showed positive momentum with a daily increase of 0.94% to $0.9402 and an impressive weekly rise of 20.5%. Despite this upward trajectory, its trade volume dropped significantly by 40% to $111.6 million amidst increasing volatility and a bullish RSI in the overbought region.

Lastly, UNI showed an encouraging weekly rise of 20.5%, with its price standing at $0.5205 amidst low volatility levels indicated by converging Bollinger Bands and bullish RSI, demonstrating bullish effects on its price.

Overall, the market capitalization decreased slightly, while individual cryptocurrencies saw a mixed performance with varying levels of volatility and trade volumes. The Fear & Greed Index suggests the market sentiment remains neutral.

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