Bitcoin and co showing more sideways movement – but its shuffling into the green
Most cryptocurrencies continue to trade in a tight range with little action to move the markets, but the small movements seen over the last day has been in green territory.
Bitcoin continues to trade for around $29k, up by 0.6%, while Ethereum is changing hands for $1.8k, in the green by a marginal 0.05%.
It’s more or less the same for the rest of crypto, with muted markets being the story of the day, the week, and the month, really.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.16 trillion
🔺 0.35%
What Bitcoin did yesterday
🔺 Daily high $29,270
🔻 Daily low $28,721
Bitcoin market capitalisation
🟠 BTC $567.67 billion
🟡 Gold $12.984 trillion
💳 Visa $505.81 billion
Bitcoin volume
🪣 Total spot trading volume $13.65 billion
🔺 65%
SP500
🔺 0.9%
Fear and Greed Index
Bitcoin’s market dominance
📊 50.45
Relative Strength Index (RSI)
💪 47
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
What they said yesterday
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All feedback on Crypto AM Daily in association with Luno is welcome via email to [email protected] 🙏🏻
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Crypto AM: In Conversation with James Bowater
Crypto AM: Tomorrow’s Money with Gavin S Brown
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Cautionary Notes
It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. City PM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.