Bitcoin and Ether tick over as crypto markets await interest news with bated breath
Bitcoin and Ethereum have dipped into the red this morning as investors wait for the minutes from the Federal Reserve’s meeting in June to get an idea of the central bank’s plans for rate hikes.
Most other cryptocurrencies are trading in a similar pattern.
The Fed’s latest minutes may clarify the message by its chairman, Jerome Powell, but analysts are almost certain that another rate hike lies in store at the end of the month.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.2 trillion
What Bitcoin did yesterday
🌄 Closed $30,777
🔺 Daily high $31,325
🔻 Daily low $30,659
Bitcoin market capitalisation
🟠 BTC $597,800 billion
🟡 Gold $12.758 trillion
💳 Visa $498.4 billion
Bitcoin volume
🪣 Total spot trading volume $10.929 billion
SP500
🌅 24hrs +0.12%
Fear and Greed Index
Bitcoin’s market dominance
📊 51.25
Relative Strength Index (RSI)
💪 64
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. Morning Wire, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.