Bitcoin and Ethereum move sideways as Ripple’s XRP continues its upward surge
Bitcoin and Ethereum are hovering in the green after recovering from a slight downturn early this morning. The $30,000 level was tested again as Bitcoin continues to fluctuate around this number.
Ethereum’s Ether is back up above $1.9k, while the prices of younger smart-contract cryptocurrencies reflect some optimism in the markets. Solana (SOL) is up by 1.7% while Cardano (ADA) is in the green by 3%.
Ripple’s XRP continues to surge following last week’s court ruling that it doesn’t necessarily qualify as a security. The payments cryptocurrency added another 6% to its price in the last 24 hours.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.21 trillion
What Bitcoin did yesterday
🔺 Daily high $30,242
🔻 Daily low $29,932
Bitcoin market capitalisation
🟠 BTC $582.564 billion
🟡 Gold $13.074 trillion
💳 Visa $504.26 billion
Bitcoin volume
🪣 Total spot trading volume $13.821 billion
SP500
🌅 24hrs +0.71%
Fear and Greed Index
Bitcoin’s market dominance
📊 49.97
Relative Strength Index (RSI)
💪 49
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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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.