THE market is mixed this morning, with Bitcoin in the red, Ethereum posting modest overnight gains, and altcoins like Fantom (FTM) and Aave (AAVE) seeing significant price increases.

Cardano has had a strong week, rising about 14% over the past seven days and adding another 2.9% overnight. Bitcoin continues to struggle with the $100,000 level, hovering below it for more than a week and making multiple failed attempts to break through.

However, options investors remain bullish, with the most popular options trade targeting $110,000 by the end of March, according to Deribit options flow tracked by Amberdata.

Meanwhile, there’s speculation that Strategy, formerly MicroStrategy, could be added to the S&P 500 if Bitcoin performs well in the coming months. What impact could this have on Bitcoin markets if it materialises? Read more below.

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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 capitalisation stands at approximately $3.2 trillion, reflecting a 0.74% decrease over the last 24 hours.

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🟠 Bitcoin (BTC)

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Price: Currently trading at $96,165, reflecting a 1.24% decrease in the last 24 hours.

Daily high: $97,386

Daily low: $95,859

Market cap: Approximately $1.92 trillion

24-hour trading volume: $20.12 billion 

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💎 Ethereum (ETH)

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Price: Currently trading at $2,726.24, reflecting a 0.78% increase in the last 24 hours.

Daily high: $2,730.89

Daily low: $2,653.28

Market cap: $333.12 billion

24-hour trading volume: $13.91 billion

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📈 S&P 500

The S&P 500 index is at 6,115.07, up 1.04% 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 46, 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.

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