Bitcoin powering towards $72,000 as Ethereum passes $4,000 milestone

THE original cryptocurrency tested the $70,000 barrier on Friday, but swiftly dipped 5% back to $67,000. Bitcoin made another push this morning to trade above $71,000 - up by more than 2% overnight - and currently progressing around $71,700.

Ethereum today also pushed past $4,000 for the first time since the November 2021 bull market. 

Chainlink and Maker are making notable moves today, both up by more than 5% on the day. 

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In the Markets

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Total crypto market cap

$2.68 trillion (+1.65%)

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What Bitcoin did yesterday

 Daily high $69,905 |  Daily low $68,165

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Bitcoin market capitalisation

$1.4 trillion (+2.52%)

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Bitcoin volume

$46.36 billion (+79.27%)

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CoinDesk Large Cap Select Index 

+1.46%

The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies. 

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SP500

-0.65%

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Fear and Greed Index

89 (Extreme Greed) 

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Bitcoin’s market dominance

53.89

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

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Relative Strength Index (RSI)

‍53.20

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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