Bitcoin holding on above key level
Bitcoin is trading around $30,100 this morning as investors continue to support the psychological $30k level.
Ethereum’s Ether is changing hands for $1.8k, with both market market leaders moving sideways.
Some of the third-gen large caps have seen deep retracements over the weekend, with SOL (Solana) down by 4%, AVAX (Avalanche) in the red by 5%, and UNI (Uniswap) 2%. The markets continue to watch closely for any progress on the BTC ETF spot listing.
Friday’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
What Bitcoin did yesterday
🌄 Closed $30,171
🔺 Daily high $30,427
🔻 Daily low $30,085
Bitcoin market capitalisation
🟠 BTC $584.519 billion
🟡 Gold $12.729 trillion
💳 Visa $495.22 billion
Bitcoin volume
🪣 Total spot trading volume $8.844 billion
SP500
🌅 24hrs -0.29%
Fear and Greed Index
Bitcoin’s market dominance
📊 51.56
Relative Strength Index (RSI)
💪 53.61
What they said yesterday
“There have been four Bitcoin bull markets (2011, 2013, 2017 and 2021) and the ‘one-year high for the first time in a year’ signal has predicted each of the last three.”
Markus Thielen, Head of research and strategy at Matrixport
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Crypto AM: Tomorrow’s Money with Gavin S Brown
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Crypto AM: Visions of the Future, Past & Present with Alex Lightman
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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.