Bitcoin on a high ahead of Donald Trump inauguration as President of the United States
BITCOIN and Solana have been making waves, both hitting fresh all-time highs over the past few days.
Bitcoin set its record at $109,000 before easing slightly to currently trade above $108,000 after briefly dipping to $102,000. Meanwhile, Solana stole the spotlight with a 43% gain over the past week.
Chainlink and Aave are also riding the rally, both posting gains of more than 10% on the Luno platform over the past 24 hours. While some coins like Dogecoin have seen profit-taking, the overall market remains in a bullish mood ahead of Donald Trump’s presidential inauguration later today.
Investors are watching closely to see how this administration might influence regulatory and market dynamics in the space. Could this mark the start of a new chapter for the cryptocurrency sector? The coming weeks may offer some clues.
In the Markets
Total crypto market cap
$3.71 trillion (+2.01%)
What Bitcoin did yesterday
Daily high $108,744 | Daily low $99,701
Bitcoin market capitalisation
$2.12 trillion (+2.63%)
Bitcoin 24-hour trading volume
$109.54 billion (+118.82%)
SP500
1%
Fear and Greed Index
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) (14)
65.9
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.
