Small joy for Bitcoin and Ethereum with incremental rise as volatility continues
Crypto investors will welcome the sight of a green candle this morning following a week of heightened volatility in the crypto markets. Bitcoin and Ethereum, along with many other cryptocurrencies, are trading slightly higher than yesterday.
The leading cryptocurrency by market cap is trading for $16,749 this morning, up by 1.14% in the last day, while Ethereum is up 2.63% at $1,261. Solana, Chainlink, Uniswap and Cardano are also currently trading in the green.
Trading volumes on exchanges have come down significantly from last week’s highs, indicating a possible slower pace to the markets this week, but investors continue to be vigilant as reflected in the Fear and Greed Index, which continues to hover in “Extreme Fear” territory.
Want to learn more about what’s going on in our global financial system and how Bitcoin fits into it? Come to my next free webinar on November 16 at 6pm to find out, ask any questions, and grab some free Bitcoin*. Click here to register.
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Friday’s Crypto AM Daily in association with Luno
In the markets
The Bitcoin economy
*Data can be found at https://terminal.bytetree.com/
Total crypto market cap
The total capitalisation of the entire cryptocurrency market at time of writing is currently $839 billion.
What Bitcoin did yesterday
We closed yesterday, November 13 2022, at a price of $16,353.37. The daily high yesterday was $16,920.77, and the daily low was $16,320.64.
Bitcoin market capitalisation
Bitcoin’s market capitalisation at time of writing is $321.11 billion. To put it into context, the market cap of gold is $11.654 and Tesla is $609.66 billion.
Bitcoin volume
The total spot trading volume reported by all exchanges over the last 24 hours was $39.092 billion. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.
Volatility
The price volatility of Bitcoin over the last 30 days is 53.14%.
Fear and Greed Index
Market sentiment today is 24, in Extreme Fear.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 40.25. Its lowest ever recorded dominance was 37.09 on January 1 2018.
Relative Strength Index (RSI)
The daily RSI is currently 31.16. 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 – an RSI reading of 30 or below indicates an oversold or undervalued condition.
Convince your Nan: Soundbite of the day
“We expect asset prices to eventually recover and for cryptocurrency to resume its adoption growth.”
Chainalysis Report
What they said yesterday
Smart and succinct…
Important lesson…
Race virtual cars, spit real facts…
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All feedback on Crypto AM Daily in association with Luno is welcome via email to [email protected] 🙏🏻
Crypto AM: Editor’s picks
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
‘Let people invest’: Matt Hancock makes case for liberal crypto rules
Explained: Why the Treasury is so sold on stablecoins
Fears crypto is used to avoid sanctions ‘misplaced,’ says Matt Hancock
The cryptocurrency fundraisers behind Ukraine’s military effort
Crypto crazy couple name baby after favourite digital asset
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
For those of you who missed the Crypto AM DeFi & Digital Inclusion online summit 2021 – you can now watch the event in two parts via YouTube
Part One
https://www.youtube.com/watch?v=dvqNMNZTIDE
Part Two
https://www.youtube.com/watch?v=WXhX_-Tr5j0
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.
All information is correct as of 08:00 BST