AS Bitcoin (BTC) dips below $96,000 and Ethereum forgets yesterday’s gains, Fantom (FTM) and Maker (MKR) are the only cryptocurrencies on Luno trading in the green today.

It’s been a lacklustre few weeks for large-cap assets, with no clear catalyst to guide investor sentiment.

President Trump has remained quiet on the crypto front, a factor that has previously moved markets, while February has been relatively uneventful on the economic calendar, with the Fed having made its interest rate decision at the end of January. 

However, tomorrow brings the release of the Fed’s January meeting minutes at 19:00 GMT, which could provide insight into the central bank’s view on inflation, the health of the US economy, and potential monetary policy responses.

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In the markets 

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🌦️The Data...

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🌍 Total crypto market cap

The global cryptocurrency market capitalization stands at approximately $3.14 trillion, reflecting a 1.75% decrease over the last 24 hours.

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🟠 Bitcoin (BTC)

Graph price may vary slightly from prices below. 

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Price: Currently trading at $95,440.69, reflecting a 0.99% decrease in the last 24 hours.

Daily high: $96,914 

Daily low: $95,116

Market cap: Approximately $1.89 trillion

24-hour trading volume: Approximately $20.12 billion

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💎 Ethereum (ETH)

Graph price may vary slightly from prices below. 

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Price: Currently trading at $2,680.29, reflecting a 0.40% increase in the last 24 hours

Daily high: $2,832

Daily low: $2,658

Market cap: Approximately $322.98 billion

24-hour trading volume: Approximately $13.91 billion

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📈 S&P 500

The S&P 500 index is down by 0,0072% from the previous close.

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😬 Fear & Greed Index

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

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📊 Bitcoin Relative Strength Index (RSI) (14)

The 14-day RSI for Bitcoin is at 41, suggesting that the asset is neither overbought nor oversold at this time.

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‍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.