Bitcoin starts the day in the green and pushes through $26,000
The market leader is up around 1.3% and trading for $26.150 this morning, while Ethereum (ETH) is in the green by 0.8% and knocking on the door of $1.6k.
There are significantly more green candles in crypto markets today than this time yesterday. Cryptos such Uniswap (UNI), Chainlink (LINK) are up by more than 1% over 24 hours, while other smart contract cryptos like Cardano (ADA) and Polygon (MATIC) have edged into positive territory.
The jitters from earlier week seem to have calmed this morning, as analysts say rumours of incoming pressure from FTX selling its crypto holdings may be exaggerated.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.03 trillion
🔺 0.57%
What Bitcoin did yesterday
🔺 Daily high $26,472
🔻 Daily low $25,133
Bitcoin market capitalisation
🟠 BTC $504.823 billion
🟡 Gold $12.761 trillion
💳 Visa $514.33 billion
Bitcoin volume
🪣 Total spot trading volume $16.111 billion
🔻 11.9%
SP500
🔻 0.57%
FTSE/JSE Top 40
🔻 1.35%
Fear and Greed Index
Bitcoin’s market dominance
📊 49.9
Relative Strength Index (RSI)
💪 46.96
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
Crypto AM: Editor’s picks
FCA’s new crypto advertising rules met with mixed industry response
ChatGPT urges crypto conference panel not to become over-reliant on AI
Mt. Gox customers will have to wait until November to recover lost Bitcoin funds
Sam Bankman-Fried: A tissue of lies soaked with fake tears?
Three-in-four wealth managers are gearing up for more cryptocurrency exposure
Crypto.com granted FCA licence to operate in UK
Q&A with Duncan Coutts, Principal Technical Architect at IO Global
Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’
MPs are falling silent over potential of cryptocurrency
Erica’s ‘Crypto Wars’ handed honours in Business Book Awards
Crypto AM: Features
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
Crypto on the catwalk
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.