Bitcoin holding the high ground close to $72,000
BITCOIN posted a high of around $72,700 yesterday before retracing to around $71,840 this morning, still up by 0.5% over 24 hours.
The price of Ethereum continues to test the psychological level of $4,000, currently trading just two dollars below it.
It’s a mixed bag across the crypto markets. XRP is up significantly, trading in the green by 12%, with the price of Litecoin increasing by 6%, while Cardano's ADA looks steady at $0.74 - up slightly from yesterday. Younger cryptocurrencies such as Chainlink and Polkadot are each in the red by roughly 3%.
In the Markets
Total crypto market cap
$2.7 trillion (+4.07%)
What Bitcoin did yesterday
Daily high $72,771 | Daily low $67,452
Bitcoin market capitalisation
$1.4 trillion (+1%)
Bitcoin volume
$57.49 billion (+25.3%)
CoinDesk Large Cap Select Index
+5.9%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
-0.1%
Fear and Greed Index
92 (Extreme Greed)
Bitcoin’s market dominance
54.01
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
54.10
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.
