BITCOIN is on the move again, coinciding with Donald Trump reaffirming his pro-crypto stance on this week after a lengthy silence on the topic.

“Bitcoin has set multiple all-time record highs because everyone knows I'm committed to making America the crypto capital,” Trump said at an investment conference in Miami.

Bitcoin is trading around $98,550 this morning, with most major cryptocurrencies following suit, or outperforming. Fantom (FTM) continues its blistering run, jumping 18% overnight and 58% over the past week. Maker (MKR) has surged 23%, extending the broader market’s multi-day winning streak.

Sentiment seems to be shifting alongside price action. The Crypto Fear & Greed Index has climbed into 'Neutral' territory after lingering in 'Fear' for some time, hinting at renewed confidence. Is this a sign of consolidation, or the prelude to another shakeout?

Whether this measured reaction extends to crypto and equity markets over the longer term remains to be seen. 

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In the markets 

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🌦️The Data...

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🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalisation is currently approximately $3.21 trillion, showing a 0.48% increase over the past 24 hours.

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🟠 Bitcoin (BTC) ⬆️

• Price: Currently trading at $98.483, reflecting a 1.56% increase in the last 24 hours.
• Daily high: $98,758
• Daily low: $96,818

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💎 Ethereum (ETH) ⬆️

• Price: Currently trading at $2,766, reflecting a 1.4% increase in the last 24 hours.
• Daily high: $2,767
• Daily low: $2,712

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📈 S&P 500

The S&P 500 index is currently down by 0.43% from the previous close.

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😐 Fear & Greed Index

The Crypto Fear & Greed Index is currently at 42, signalling a Neutral sentiment among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The 14-day RSI for Bitcoin is at 65, indicating that the asset is neither overbought nor oversold at this time.

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‍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.