Bitcoin consolidates as investors' eyes turn to big tech Q1 results
🟢 Bitcoin and Ethereum hold steady – Major cryptocurrencies trade flat to slightly positive, hinting at potential consolidation.
📉 Altcoins diverge – Curve DAO (CRV) jumps 10%, while Berachain (BERA) drops over 4%.
📊 Market sentiment stable – Fear and Greed Index remains Neutral; RSI indicators suggest a balanced market.
🧾 Tech earnings in focus – Amazon and other tech giants to report Q1 results today, potentially influencing broader risk sentiment.
BITCOIN (BTC) and Ethereum (ETH) are trading largely sideways this morning, holding onto levels established after last week’s Easter weekend rally.
Both are marginally in the green over 24 hours, while other large-caps like Solana (SOL) and XRP show modest gains of 1–2%, suggesting tentative buying interest.
Sentiment indicators continue to reflect this calm: the Crypto Fear and Greed Index remains in 'Neutral' territory, while Relative Strength Index (RSI) readings suggest neither overbought nor oversold conditions.
Analysts say this could signal a period of consolidation for major cryptocurrencies following recent upward momentum. Beneath the surface, however, altcoin performance is diverging. Curve DAO (CRV) surged 10% overnight, while Berachain (BERA) slipped more than 4%, highlighting persistent volatility in lower-cap assets.
Markets today are watching for earnings reports from Amazon and other major tech companies, which could influence broader investor appetite for risk, particularly in digital assets, which have often mirrored sentiment in the tech-heavy Nasdaq. Traders will be watching closely to see whether crypto can maintain its footing amid wider market signals.
🌍 Total crypto market cap ⬇️
The global cryptocurrency market capitalization is approximately $2.96 trillion, reflecting a 0.05% decrease over the last 24 hours.
🟠 Bitcoin (BTC) ⬆️
Price: Currently trading at around $94,967, marking a 0.08% increase in the last 24 hours.
Daily high: Approximately $95,912
Daily low: Approximately $93,333
📈 S&P 500 ⬆️
The S&P 500 index is up about 0.15% since yesterday.
🙂 Fear & Greed Index
The Crypto Fear & Greed Index currently stands at 51/100, indicating a slight Greed sentiment among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The RSI for Bitcoin is approximately 54, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.
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.
