FANTOM (FTM) is the standout performer on Luno today, surging more than 14%, while Polkadot (DOT) and Optimism (OP) are also in the green as the broader crypto market stages a recovery.

Meanwhile, Solana (SOL) has dipped 1.3% over the past 24 hours, and Bitcoin (BTC) is hovering near the same price as this time yesterday.

Markets appear to be consolidating, with the total crypto market cap ticking up 1.2% overnight. The Fear and Greed Index reflects this shift, climbing a few notches into neutral territory.

That’s a somewhat surprising move, given that equities dipped on yesterday’s US Consumer Price Index (CPI) data, a key inflation gauge, which came in at 3% year-over-year, slightly above the expected 2.9%.

Inflation seems to be hanging around, which could prompt the Federal Reserve to keep interest rates at current levels until there's clearer evidence of a slowdown.

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In the markets 

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🌦️The Data...

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🌍 Total crypto market cap 

‍$3.18 trillion, an increase of 1.2% over 24 hours. 

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🟠 Bitcoin (BTC)

Price: Currently trading at $96,147, reflecting a 0.21% increase in the last 24 hours.
Daily high: $98,096
Daily low: $93,955
Market cap: Approximately $1.90 trillion
24-hour trading volume: $49.15 billion

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💎 Ethereum (ETH)

‍Price: Currently trading at $2,687.70, reflecting a 2.80% increase in the last 24 hours.
Daily high: $2,784.50
Daily low: $2,560.92
Market cap: Approximately $323.59 billion
24-hour trading volume: $27.39 billion

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📈 S&P 500

The S&P 500 index is at 6,025.99, down 0.95% from the previous close.

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😐 Fear & Greed Index

The Crypto Fear & Greed Index is currently at 40, indicating a neutral sentiment among investors.

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📊 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.

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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.