Crypto doldrums rumble on as investors wait for signals
The crypto markets seem to be stuck in windless waters as news around the promise of a BTC ETF in the US and other events that could potentially move markets have fallen silent in the past few weeks.
Bitcoin continues to trade around $29.3k while Ethereum drifts along at $1.8k. The rest of crypto is equally muted, especially among the large-caps. SOL (Solana) is one of the few large-cap cryptocurrencies that has made some noise in the last day, recording gains of more than 2%,
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.17 trillion
🔻 0.26%
What Bitcoin did yesterday
🔺 Daily high $29,318
🔻 Daily low $29,249
Bitcoin market capitalisation
🟠 BTC $571.755 billion
🟡 Gold $12.773 trillion
💳 Visa $501.16 billion
Bitcoin volume
🪣 Total spot trading volume $12.358 billion
🔺 21.18%
SP500
🔺 0.58%
Fear and Greed Index
Bitcoin’s market dominance
📊 49.74
Relative Strength Index (RSI)
💪 52
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.