Bitcoin slips below $25,800 as crypto markets lose altitude
Most of crypto is dipping in the red this morning, with Bitcoin down by roughly 1% while Ethereum (ETH) follows a similar pattern.
Other large-caps have followed number and two into the red, but a few have bucked the trend. Polygon (MATIC) is up 1.7% while Avalanche (AVAX) has gained 0.34%.
Bitcoin indicators are reflecting the current market uncertainty. The Fear and Greed Index is firmly in “Fear”, while Bitcoin moving averages are indicating a “strong sell” position.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.04 trillion
🔻 0.71%
What Bitcoin did yesterday
🔺 Daily high $26,094
🔻 Daily low $25,660
Bitcoin market capitalisation
🟠 BTC $500.455 billion
🟡 Gold $12.934 trillion
💳 Visa $516.01 billion
Bitcoin volume
🪣 Total spot trading volume $10.745 billion
🔺 11.07%
SP500
🔺 0.18%
FTSE/JSE Top 40
🔻 1.00%
Fear and Greed Index
Bitcoin’s market dominance
📊 49.17
Relative Strength Index (RSI)
💪 37.4
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.