ETH outperforms other large-caps, and does BlackRock have designs on Europe? 

BITCOIN is holding steady, but Ethereum (ETH) continues to pull ahead, adding another 3% in the past 24 hours as validators greenlight a gas limit increase aimed at scaling the network.

Litecoin (LTC) has also climbed 5% today, while altcoins are showing a mixed performance.

Cryptocurrencies like Synthetix (SNX) and Hedera (HBAR) are in the red, while Fantom (FTM) has gained 4%.

More broadly, the crypto market appears to be consolidating, with total market capitalisation inching back into positive territory after a turbulent week.

Meanwhile, BlackRock may be setting its sights on a Bitcoin exchange-traded product (ETP) in Europe, according to Bloomberg. Given the firm’s record-breaking success with its spot Bitcoin ETF in the US, investor appetite across the Atlantic will be closely watched.

‍

‍In the markets‍

🌦️The Data…

🌍 Total crypto market cap

The global cryptocurrency market capitalisation stands at approximately $3.24 trillion, a 0.84% increase over the last 24 hours.

🟠Bitcoin (BTC)

• Price: Currently trading at $98,265, up 0.81% in the last 24 hours.
• Daily high: $99,004
• Daily low: $96,148
• Market cap: Approximately $1.93 trillion.
• 24-Hour trading volume: $65.3 billion.

💎Ethereum (ETH

• Price: Currently trading at $2,845.59, an increase of 3.91% in the last 24 hours.
• Daily high: $2,850.25
• Daily low: $2,721.54
• Market cap: Approximately $332.4 billion.
• 24-Hour trading volume: $44.3 billion.

S&P 500

The S&P 500 index is at 6,061.48, up 0.66% from the previous close.

Fear and Greed Index

The Crypto Fear & Greed Index is currently at 38, indicating lingering Fear among investors.

Bitcoin Relative Strength Index (RSI) (14)

The 14-day RSI for Bitcoin is at 46, suggesting that the asset is neither overbought nor oversold at this time.

‍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.