It's not stopping! Bitcoin marches on past $52,000

BITCOIN is currently moving in the $52,000 to $52,400 range with notable price swings by the hour. Things are moving quickly. 

The market leader posted a high of $51 million on the Luno exchange yesterday and has been breaking through many key barriers in the last week, reclaiming its $1 trillion market cap and setting all-time highs in a few countries globally. 

Elsewhere, it’s green across most of crypto today, with Ethereum’s price climbing and other younger cryptocurrencies knocking on the door of 5% returns. 

The question now is whether there will be profit-taking at these key levels.

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In the Markets

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Total crypto market cap

$1.94 trillion (+4.13%)

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What Bitcoin did yesterday

 Daily high $52,010 |  Daily low $51,751

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Bitcoin market capitalisation

$1.02 trillion (+4.41%)

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Bitcoin volume

$43.95 billion (+28.73%)

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SP500

+0.96%

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Fear and Greed Index

75 (Greed) 

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Bitcoin’s market dominance

54

The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.

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Relative Strength Index (RSI)

74.47

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.