Green candles return to crypto

CRYPTO markets are rebounding this morning, building on momentum after yesterday's pause to digest the sharp price surges that followed Donald Trump’s inauguration.

Investor sentiment appears to have steadied, with Bitcoin (BTC) holding firm around $105,000. Others like Solana (SOL), Fantom (FTM), and Dogecoin (DOGE) have joined the rally, each climbing more than 7% overnight.

The crypto world remains focused on the potential policy shifts under Trump’s administration, with recent rumours of the appointment of SEC Commissioner Hester Peirce to lead a new crypto task force. Peirce, known for her pro-crypto stance, has long advocated for clearer regulatory frameworks, sparking hopes for a friendlier environment for digital assets.

Sentiment indicators are reflecting the renewed bullishness: the Fear and Greed Index has moved back into Greed territory, while technical signals like the Relative Strength Index (RSI) show increased buying interest. With the administration still in its early days, markets are watching closely for any concrete developments that could further shape the narrative.

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In the Markets

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Total crypto market cap

$3.63 trillion (+3.63%)

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What Bitcoin did yesterday

Daily high $107,245  |  Daily low $101,708

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Bitcoin market capitalisation

$2.07 trillion (+3.15%)

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Bitcoin 24-hour trading volume

$74.61 billion (+30.97%)

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SP500

0.88%

Fear and Greed Index

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) (14)

59

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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