Bitcoin holding a steady course above $28k
Bitcoin has been hovering above the $28,000 level over the last few days, and barely moving north or south from $28,150 over the last 24 hours.
Ethereum has been trading just above $1,800, with other major cryptos trading largely flat on the day.
The big news to watch this week is the March jobs report expected on Friday. Analysts expect a slowdown in the increase in jobs and a steady unemployment rate, a marked slowdown from January, which may indicate that raised interest rates are working as intended.
Yesterday’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 this morning was $1.174 trillion.
What Bitcoin did yesterday
We closed yesterday, April 3, at a price of $27,790 The daily high yesterday was $28,475, and the daily low was $27,276.
Bitcoin market capitalisation
Bitcoin’s market capitalisation this morning was $542,994 billion. To put it into context, the market cap of gold is $13.184 trillion and Tesla is $656.55 billion.
Bitcoin volume
The total spot trading volume reported by all exchanges over the last 24 hours was $18.272 billion. High volumes can indicate that a significant price movement has stronger support.
Volatility
The price volatility of Bitcoin over the last 30 days is 68.74%.
Fear and Greed Index
Market sentiment today is 62, in Greed.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 47.46. Its lowest ever recorded dominance was 37.09 on January 1 2018.
Relative Strength Index (RSI)
The daily RSI is currently 56.35. 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.
Soundbite of the day
As we close out the first quarter of 2023, BTC prices are up over 68%, putting many investors back into profit.
Glassnode, on-chain analytics
What they said yesterday
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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
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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.