Bitcoin pushes through $65k setting new all-time highs

A SURGING Bitcoin broke through $65,000 this morning, notching all-time highs around the world.

The movement set new record prices in Euros and the Australian dollar. And, for those who track the USD price on Coinbase, it also marked a new all-time high of $65,565.

Debate on the 'official' high price of Bitcoin has raged since November 2021. According to Coinbase it had been, until this morning, $64,899. There are other measures which have it as $67,566 (Investopedia), Bitfinex at $68,958, or the popular Bitstamp figure of exactly $69,000.

Trading volume over 24 hours for Bitcoin has just hit $42.1 billion and almost 95% up on the previous day. The price rise in that time span is almost 6%, while across seven days it's 28%, and also 51% over 28 days.

Elsewhere, Ethereum has broken $3,500 with a three per cent lift, but the eye-catching breakaways have seen Cardano (ADA) propel 11% to $0.80, Jasmy clip 12% at $0.02, with meme coins Shiba Inu and Dogecoin spring upwards by 25% and 22% respectively.

In the Markets

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Total crypto market cap

$2.43 trillion (+2.85%)

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What Bitcoin did yesterday

 Daily high $63,227 |  Daily low $61,399

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Bitcoin market capitalisation

$1.26 trillion (+4.37%)

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Bitcoin volume

$35 billion (+61.36%)

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SP500

+0.80%

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Fear and Greed Index

86 (Extreme Greed) 

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Bitcoin’s market dominance

53.99

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)

‍55.63

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.