Bitcoin bulls attempt to hold ground at $67,000
BITCOIN posted a low of $66,500 before rebounding above $67,000 this morning, where it currently hovers below.
Ethereum, however, continues its decline, down by more than 2% today. Other cryptos are showing mixed performance. Solana and Uniswap are posting healthy gains, while others like Cardano and Maker have recorded losses.
The Fear and Greed Index remains in 'Neutral', following last week’s brief flirtation with 'Greed' territory.
With many cryptos still rangebound, attention is shifting toward November - a month packed with potential market catalysts. The US election on November 5 and the Federal Reserve’s interest rate decision just two days later could both trigger significant market moves.
In the Markets
Total crypto market cap
$2.31 trillion (+0.15%)
What Bitcoin did yesterday
Daily high $67,441 | Daily low $65,246
Bitcoin market capitalisation
$1.33 trillion (57.5% of market)
Bitcoin 24-hour trading volume
$34.49 billion (-18.15%)
SP500
-0.9%
Fear and Greed Index
Neutral
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)
41.9
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.
