Jasmy lighting up the markets as Bitcoin and Ethereum tread water

MOST cryptocurrencies are currently consolidating following some degree of churn during the week. Bitcoin is in the green by 0.9% while Ethereum is also moving sideways in the positive by 0.2%. 

It’s a similar story across most of crypto, with insignificant price movements up or down. 

Japan's Jasmy is the stand-out solo act as it posts another 20% lift and three-month high following news of a potential partnership with Apple.

Further afield, and despite markets hovering, regulators and policymakers in the US seem to be increasingly warming up to crypto as it becomes a political playing card in the run up to the November elections. 

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In the Markets

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Total crypto market cap

$2.53 trillion (+0.1%)

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What Bitcoin did yesterday

Daily high $69,504 |  Daily low $67,138

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Bitcoin market capitalisation

$1.34 trillion (+0.71%)

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Bitcoin volume

$27.3 billion (+0.8%)

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CoinDesk Large Cap Select Index 

+0.53%

The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies and gives a general indication of the overall performance of the crypto market. 

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SP500

-0.6%

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Fear and Greed Index

62 (Greed) 

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’s market dominance

54.53

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

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Bitcoin Relative Strength Index (RSI)

47.81

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.