BITCOIN is proving resilient amid a broader market pullback, holding its ground relatively well while most cryptocurrencies trade in the red this morning.

Ethereum has slipped more than 3%, while altcoins are taking a sharper hit: Axie Infinity (AXS), Arbitrum (ARB), and Avalanche (AVAX) are all down more than 7%.

One outlier, Fantom (FTM), is continuing with its breakout run, adding another 8% in the past 24 hours and extending its seven-day gains to 59%.

Despite the turbulence, sentiment remains steady, as shown by the Crypto Fear & Greed Index still hovering in 'Neutral'. 

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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 $3.15 trillion, showing a 0.58% decrease over the past 24 hours.

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🟠 Bitcoin (BTC) ⬇️

• Price: Currently trading at $95,914, reflecting a 0.63% decrease in the last 24 hours.
• Daily high: $96,480
• Daily low: $95,113 

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💎 Ethereum (ETH) ⬇️

• Price: Currently trading at $2,721, reflecting a 3.7% decrease in the last 24 hours.
• Daily high: $2,835
• Daily low: $2,699

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📈 S&P 500

The S&P 500 index is currently down by 1.71% from the previous close.

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😐 Fear & Greed Index

The Crypto Fear & Greed Index is currently at 40, signalling a Neutral sentiment among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The 14-day RSI for Bitcoin is at 48, indicating that the asset is neither overbought nor oversold at this time.

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‍Post Script…

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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.