Bitcoin holds firm above $30k as most large cap cryptocurrencies inch upwards
Bitcoin continues to find support above $30,000 after dipping below this key level a few times in the last week. The market leader was trading around $30.1k this morning, while Ethereum was a touch in the green, still trading above $1.9k.
Other large-cap cryptos are trading in a similar pattern, inching upwards, as markets await the next signal.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.21 trillion
What Bitcoin did yesterday
🔺 Daily high $30,185
🔻 Daily low $29,789
Bitcoin market capitalisation
🟠 BTC $586.890 billion
🟡 Gold $13.087 trillion
💳 Visa $498.95 billion
Bitcoin volume
🪣 Total spot trading volume $11.86 billion
SP500
🌅 24hrs +0.24%
Fear and Greed Index
Bitcoin’s market dominance
📊 49.92
Relative Strength Index (RSI)
💪 52.04
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.