Bitcoin holds steady above key support level of $27,400
Bitcoin continues to hold the line above $27k, trading for $27,580 this morning, virtually unmoved in the last 24 hours.
Ethereum’s Ether (ETH) continues to retrace as it’s down a further 1.6% from yesterday, trading around $1.6k.
Other large-caps such as Solana (SOL), Cardano (ADA) and Polygon (MATIC) are all down by more than 2% on the day. Avalanche is bucking the trend and is up by more than 2%.
The entire crypto market cap is down 0.8%, as the Fear and Greed Index hovers in “Neutral”.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.08 trillion
🔻 0.8%
What Bitcoin did yesterday
🔺 Daily high $27,670
🔻 Daily low $27,194
Bitcoin market capitalisation
🟠 BTC $534.27 billion
🟡 Gold $12.116 trillion
💳 Visa $475.87 billion
Bitcoin volume
🪣 Total spot trading volume $11.433 billion
🔻 37%
SP500
🔻 1.37%
FTSE/JSE Top 40
🔻 0.56%
Fear and Greed Index
Bitcoin’s market dominance
📊 50.43
Relative Strength Index (RSI)
💪 65
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.