Late show from Bitcoin keeps crypto markets in the green

BITCOIN is still holding the high ground following a late-night assault on $60,000 which saw the flagship cryptocurrency hit $62,741 on the stroke of midnight before gradually settling around $60,600 today.

A lively 24-hour trading volume of $44 billion - at least 10% higher than the previous day - reveals a huge amount of buying activity as investors latch on to whispers of a potential bull run around the corner.

Ethereum is also clearly in the mood with a 7.5% lift on yesterday's price to $2,634.

Elsewhere, most digital assets are posting green figures with an average rise of two to three per cent.

‍In the Markets‍

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Total crypto market cap

$2.07 trillion (-1.5%)

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What Bitcoin did yesterday

Daily high $61,945 |  Daily low $56,721

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Bitcoin market capitalisation

$1.8 trillion (59% of market)

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Bitcoin 24-hour trading volume

$44 billion (+10.6%)

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SP500

+0.16%

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Fear and Greed Index

48 (Neutral) 

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)

47.3

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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