Bitcoin hanging on above $27k as cracks appear in crypto markets
Most crypto markets have pulled back in the last 24 hours. Bitcoin is still holding above $27k but it’s dipped by 0.89%, while Ethereum (ETH) is down by 2.5%.
Other cryptocurrencies such as Polygon (MATIC) (-4.59%), Avalanche (AVAX) (-3.1%) and Solana (SOL) (-4.2%) have taken a bigger knock.
In crypto news, the Ethereum Foundation sold 1,700 ETH yesterday. Ethereum has dropped below the $1.6k threshold and is trading for $1.587 at the time of writing.
Previous Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.07 trillion
🔻 1.52%
What Bitcoin did yesterday
🔺 Daily high $27,986
🔻 Daily low $27,279
Bitcoin market capitalisation
🟠 BTC $539.420 billion
🟡 Gold $12.35 trillion
💳 Visa $487.58 billion
Bitcoin volume
🪣 Total spot trading volume $12.110 billion
🔻 63.3%
Ethereum staking entry queue
💎 21 hours 41 minutes
SP500
🔺 0.63%
FTSE/JSE Top 40
🔺 0.06%
Fear and Greed Index
Bitcoin’s market dominance
📊 51.23
Relative Strength Index (RSI)
💪 58
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. CityAM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.