Bitcoin breaks $82,000 as Cardano lights up the afterburners

BITCOIN notched a new all-time high of $82,371 in the early hours this morning, pushing the ongoing crypto rally into fresh territory.

Last week, Cardano (ADA) surged by more than 70% following reports that its founder, Charles Hoskinson, hinted at potential involvement in shaping crypto policy for the Trump administration. Other major players such as Dogecoin and Near, also continued to climb.

The Fear and Greed Index is now approaching 'Extreme Greed' territory, which often signals short-term volatility as markets edge into overbought conditions. Still, with a notable daily influx of first-time investors on the Luno platform – roughly tripling during this rally – a signal of a return in retail interest, along with substantial flows into Bitcoin ETFs in the US, the momentum behind both retail and institutional interest seems to remain strong.

Whether this combined demand will drive prices even higher is a question on every investor's mind.

In the Markets

‍

🌦️The Data... 

Total crypto market cap

$2.76 trillion (+2.07%)

‍

What Bitcoin did yesterday

Daily high $81,792 |  Daily low $80,231

‍

Bitcoin market capitalisation

$1.61 trillion (58.29% of market)

‍

Bitcoin 24-hour trading volume

$77.9 billion (+65.37%)

‍

SP500

+0.38%

‍

Fear and Greed Index

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)

61.9

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.

‍