Bitcoin still climbing as crypto markets remain buoyant

THE price of Bitcoin peaked yesterday at $68.8k, before dropping back down to around $66.7k, where it’s trading this morning.

The market leader posted all-time highs against the Pound and Euro, while coming within reach of the USD all-time high of $69,000, as recorded by Bitstamp in 2021.

Ethereum at $3,690 is up another 4% in the last 24 hours, with cryptos such as Polkadot (+6%), Uniswap (3.75%), Maker (2.17%) and Aave (2.67%) following in the green. 

CRV, the native cryptocurrency of Curve DAO, has surged 14% overnight, trading for around $0.7 at the time of writing. 

Spot ETFs continue to churn out significant trading volumes, the latest from the institutions being that BlackRock is reportedly looking at including spot BTC ETFs in one of its funds. 

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In the Markets

Total crypto market cap

$2.48 trillion (+2.48%)

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What Bitcoin did yesterday

 Daily high $68,714 |  Daily low $65,381

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Bitcoin market capitalisation

$1.31 trillion (+2.63%)

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Bitcoin volume

$78.42 billion (+112.61%)

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SP500

-0.12%

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Fear and Greed Index

90 (Extreme Greed) 

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Bitcoin’s market dominance

54.54

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)

‍54.54

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.