Bitcoin tests $68,000 as Dogecoin leads altcoin breakout

THE price of Bitcoin is holding at around $68,000 this morning, up 1.2% in the last 24 hours as it continues its climb from $60,000 just a week ago.

Ethereum is also showing gains, though at a more modest 0.4%. Other major cryptos have seen green across the board overnight, with Dogecoin leading the pack with a breakout run, surging over 10%.

The overall mood in crypto markets appears to be optimistic, with the Fear and Greed Index showing renewed 'Greed'. Technical indicators such as moving averages are flashing "Strong Buy". It’s been a significant week for Bitcoin and other top cryptocurrencies, but the big question remains: will the momentum last?

As markets continue to rise, all eyes are on Bitcoin’s ability to maintain its current levels and possibly push higher. Will this be the start of a sustained bull run, or will the excitement fizzle out? Investors are watching closely for the next move.

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In the Markets

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Total crypto market cap

$2.33 trillion (+0.5%)

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What Bitcoin did yesterday

Daily high $67,933 |  Daily low $66,677

Bitcoin market capitalisation

$1.34 trillion (57.72% of market)

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Bitcoin 24-hour trading volume

$35.33 billion (-4.5%)

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SP500

-0.01%

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Fear and Greed Index

Greed 

The Fear and Greed Index measures volatility, market momentum/ volume, social media, surveys, dominance, and Google search trends to gauge market sentiment.

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Bitcoin Relative Strength Index (RSI)

57

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.

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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.

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