Big moves among altcoins as Bitcoin's rocky week settles down
ALTCOINS rallied overnight, with Fantom (FTM) leading the gains, up more than 15%, followed by Chainlink (LINK) and Stellar (XLM).
Bitcoin (BTC) and Ethereum (ETH) have remained relatively stable, offering some consolidation after recent market turbulence.
While the Fear and Greed Index remains in Extreme Greed territory, the recent price stabilization marks a shift from the volatility seen in previous weeks. Bitcoin is closing the week down over 7%, with Ethereum seeing even steeper losses. Whether this trend holds into next week remains to be seen.
In the markets
🌍 Total crypto market cap ⬇️
The global cryptocurrency market capitalisation is currently approximately $2.69 trillion, showing a 0.1% decrease over the past 24 hours.
🟠 Bitcoin (BTC) ⬇️
- Price: Currently trading at $82,822 reflecting a 0.75% decrease in the last 24 hours.
- Daily high: $83,463
- Daily low: $79,974
💎 Ethereum (ETH) ⬆️
- Price: Currently trading at $1,895, reflecting a 0.53% increase in the last 24 hours.
- Daily high: $1911
- Daily low: $1,825
📈 S&P 500 ⬇️
The S&P 500 index is currently down by 1.39% from the previous close.
😬 Fear & Greed Index
The Crypto Fear & Greed Index is currently at 18, signalling Fear among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for Bitcoin is at 59, indicating that the asset is bordering on being oversold.
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.
