Crypto markets flatline for large caps, but some smaller sparks continue to show life

THERE'S not much change among the market leaders since yesterday. Bitcoin continues to trade along the same line as yesterday, dipping and surfacing below and above the $42,800 price level. 

Ethereum is also drifting, trading flat around $2,300, while Chainlink is up another 1% since yesterday, returning 24% over seven days. 

Many of the next-gen cryptocurrencies - Avalanche, Polkadot, Solana and Cardano - continue their slide over 24 hours and seven days. 

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In the Markets

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Total crypto market cap

$1.64 trillion (-0.23%)

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What Bitcoin did yesterday

 Daily high $43,532 |  Daily low $42,272

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Bitcoin market capitalisation

$839 billion (-0.69%)

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Bitcoin volume

$17.68 billion (+15.6%)

SP500

-0.32%

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Fear and Greed Index

55 (Neutral) 

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Bitcoin’s market dominance

52.58

The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.

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Relative Strength Index (RSI)

56.69

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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