Bitcoin picks up where it left off with eyes on $30,000
Bitcoin and other cryptocurrencies continue to idle as investors wait for significant signals for their next move
The market leader is down a negligible 0.3% over the last 24 hours, trading around the $29.700 mark where it ended the week on Friday. Ethereum is following a similar pattern, not moving much over the weekend and in the green by 0.21% this morning.
Analysts foresee another slow week in crypto markets, despite the Fed’s interest rate decision to be announced later this week.
Friday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.19 trillion
🔻 0.19%
What Bitcoin did yesterday
🔺 Daily high $29,981
🔻 Daily low $29,735
Bitcoin market capitalisation
🟠 BTC $579.633 billion
🟡 Gold $12.967 trillion
💳 Visa $501.08 billion
Bitcoin volume
🪣 Total spot trading volume $10.323 billion
SP500
🌅 24hrs +0.032%
Fear and Greed Index
56 (Neutral)
Bitcoin’s market dominance
📊 50.10
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
Whether you’re a Bitcoin expert or a total newbie – or even somewhere in between – you can now join the new HODLers Telegram community to learn more… or share your insights with others!
Our goal is simple: to provide a safe place where people can ask any question they want about Bitcoin, even if they think it’s a daft one! Learning Bitcoin takes time and we generally have the same questions when we first encounter it, so we know from our own experience having somewhere to ask a real person a specific question can be of great value!
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So, if you’re a beginner, or know someone who is, take our fun five question multiple choice quiz and join the group today. Of course, if you’re an expert, you’re also welcome to join and help others who are looking to understand Bitcoin as an asset and the industry as a whole.
T’s and C’s: Open to UK residents only. All ages are welcome in the community, but you need to be over 18 to enter competitions. No purchase required.
All feedback on Crypto AM Daily in association with Luno is welcome via email to [email protected] 🙏🏻
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Crypto AM: Founders Series
Crypto AM: Industry Voices
Crypto AM: Contributors
Crypto AM: In Conversation with James Bowater
Crypto AM: Tomorrow’s Money with Gavin S Brown
Crypto AM: Mixing in the Metaverse with Dr Chris Kacher
Crypto AM: Visions of the Future, Past & Present with Alex Lightman
Crypto AM: Tiptoe through the Crypto with Monty Munford
Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry
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Crypto AM: Events
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.