Bitcoin slightly up, Ethereum slightly down... post-halving crypto markets looking flat

9 days to go! Have you got your ticket?

THE price of Bitcoin is moving sideways this morning, with the market leader by market cap currently priced at $66,103. Ethereum is down by 1.6% overnight and is trading at $3,164 right now. 

It’s generally quiet across crypto markets so far today, but a few notable outliers are XRP (up 2%+) and Maker (down by 4%+). 

The Federal Reserve Bank’s interest rate meeting is scheduled for the end of April, and the central bank will make its decision public on May 1. Investors will be following how traditional and crypto markets behave leading up to this big economic event. 

In the Markets

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Total crypto market cap

$2.43 trillion (-0.16%)

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What Bitcoin did yesterday

Daily high $67,180 |  Daily low $66,092

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Bitcoin market capitalisation

$1.3 trillion (+0.3%)

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Bitcoin volume

$24.7 billion (+0.07%)

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CoinDesk Large Cap Select Index 

-0.31%

The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies and gives a general indication of the overall performance of the crypto market. 

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SP500

+0.87%

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Fear and Greed Index

65 (Greed) 

The Fear and Greed Index measures volatility, market momentum/ volume, social media, surveys, dominance, and Google search trends to gauge market sentiment.

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Bitcoin’s market dominance

55.34

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)

56.62

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.