Bitcoin's gear stuck in 'Neutral'... oh, and we're all Satoshi

IT'S a quiet morning in the crypto world, with Bitcoin, Ethereum and other large-caps mostly drifting sideways after a choppy start to the week.

The entire crypto market cap has risen by 0.2% over the past 24 hours, and the Fear and Greed Index is firmly in Neutral, signalling little change in sentiment. A few altcoins like Dogecoin, Fantom, and Tron saw slight price increases overnight, but overall, markets are waiting for a clear signal. 

However, making more waves than the markets today is HBO’s new documentary Money Electric: The Bitcoin Mystery, which takes a stab at uncovering the real identity behind Bitcoin's enigmatic creator, Satoshi Nakamoto. The documentary has drawn attention for its bold claims, though these have been strongly denied by those implicated. 

As markets await key economic data this week, traders remain on edge, with the latest inflation numbers from the US expected on Thursday. 

In the Markets

‍

Total crypto market cap

$2.17 trillion (+0.2%)

‍

What Bitcoin did yesterday

Daily high $63,196 |  Daily low $61,883

Bitcoin market capitalisation

$1.2 trillion (57.98% of market)

‍

Bitcoin 24-hour trading volume

$28.2 billion (-15.3%)

‍

SP500

+0.97%

‍

Fear and Greed Index

49 (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)

44

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 i

‍