$100,000 Bitcoin
ONE Bitcoin is worth around $103,000 this morning.
The original cryptocurrency peaked at $103,500 - a historic all-time high - pushing its market cap past the $2 trillion mark.
For context, that places Bitcoin alongside tech giants like Google and Amazon, both valued at approximately $2.2 trillion.
It’s a mixed bag across the crypto markets today. TRON and XRP are seeing steep sell-offs, while others like The Sandbox (SAND) and Synthetix (SNX) have posted solid gains. Ethereum is also riding Bitcoin's coattails, up 4% over the past 24 hours.
Some analysts suggest this rally could have more room to run, with Bitcoin’s breakthrough at $100,000 likely to draw even greater public and institutional interest. Let’s see.
In the Markets
🌦️The Data...
Total crypto market cap
$3.66 trillion (+3.2%)
What Bitcoin did yesterday
Daily high $103,679 | Daily low $94,870
Bitcoin market capitalisation
$2.01 trillion (+5.88%)
Bitcoin 24-hour trading volume
$114 billion (+65.4%)
SP500
+0.61%
Fear and Greed Index
Extreme Greed
Source: Coinmarketcap
The Fear and Greed Index measures volatility, market momentum/ volume, social media, surveys, dominance, and Google search trends to gauge market sentiment.
Bitcoin Relative Strength Index (RSI) (14)
67
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.
Post Script…
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. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
