Crypto still in the green with Trump's wave of red

BITCOIN continued to rally this morning, gaining after posting fresh all-time highs of $76,200 yesterday, topping its previous record of $73,700.

Ethereum has also seen a notable rally, climbing over 8% and approaching the $3,000 mark. Analysts point to President Donald Trump’s pro-crypto and pro-business campaign messaging leading up to the election for the investor optimism flooding the markets. 

Trading volumes have eased since yesterday’s surge, though they remain elevated, with the Fear and Greed Index still signalling 'Greed'. Altcoins, including Aave, Maker, and Fantom, were among the top performers on Luno, gaining in line with broader market sentiment.

As the rally unfolds, investors are watching for signs of continuation or potential pullback.

In the Markets

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🌦️The Data... 

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Total crypto market cap

$2.46 trillion (+5.6%)

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What Bitcoin did yesterday

Daily high $76,401 |  Daily low $69,323

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Bitcoin market capitalisation

$1.48 trillion (58.84% of market)

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Bitcoin 24-hour trading volume

$78.95 billion (+15.51%)

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SP500

+2.5%

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Fear and Greed Index

Greed

Source: Coinmarketcap

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)

60

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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