CRYPTOCURRENCY markets are experiencing heightened volatility, with Bitcoin and other digital assets revisiting price levels last seen in November.

Bitcoin is trading just below $80,000 at the time of writing, while altcoins continue to fluctuate sharply - posting strong gains one day and steep declines the next, a trend that has persisted since last week.

Equity markets are facing similar turbulence amid broader macroeconomic uncertainty. Some analysts suggest the recent pullback may represent a retest of price levels prior to the so-called 'Trump pump' which saw crypto markets surge following the US President's inauguration.

The key question for investors is whether this is merely a short-term correction or a sign of long-term volatility. Historical charts show that price swings of 30% for Bitcoin during market consolidation phases are not uncommon. Whether new investors step in at these levels could set the tone for the coming weeks.

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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 is currently approximately $2.65 trillion, showing a 5.6% decrease over the past 24 hours.

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🟠 Bitcoin (BTC) ⬇️

• Price: Currently trading at $79,704, reflecting a 7.62% decrease in the last 24 hours.
• Daily high: $86,951
• Daily low: $79,224 

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💎 Ethereum (ETH) ⬇️

• Price: Currently trading at $2,117, reflecting a 10.19% decrease in the last 24 hours.
• Daily high: $2,376
• Daily low: $2,097

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📈 S&P 500

The S&P 500 index is currently down by 1.59% from the previous close.

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😬 Fear & Greed Index

The Crypto Fear & Greed Index is currently at 21, signalling Fear among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The 14-day RSI for Bitcoin is at 21, indicating that the asset is 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.