Key takeaways
Crypto markets are kicking off the week in neutral after last week’s dip, triggered in part by the public fallout between Elon Musk and President Donald Trump. Bitcoin (BTC) is moving sideways, Ethereum (ETH) is inching downward, and most altcoins remain uncharacteristically quiet this morning. The Fear and Greed Index bounced to 55 around the same time Bitcoin found its price floor near $101,000 late last week, again holding steady above the key $100K level.
On the global front, US and Chinese officials are meeting in London today to discuss the future of trade talks. The meeting comes just four days after Trump and Chinese leader Xi Jinping held a phone conversation. Stock and crypto markets have historically been sensitive to developments in these tariff discussions.
In the US, markets are also awaiting the latest round of inflation numbers due Wednesday. This follows Friday’s jobs report, which came in slightly higher than expected but lower than prior months. The question now: will crypto continue to drift, or will investors find a reason to jump back in?
The global cryptocurrency market capitalisation is approximately $3.29 trillion, reflecting a 0.12% decrease over the last 24 hours.
Price: Currently trading at around $105,692, marking a 0.01% increase in the last 24 hours.
Daily high: Approximately $109,377
Daily low: Approximately $100,436
The S&P 500 index is up by about 1.03% since yesterday
The Crypto Fear & Greed Index currently stands at 55/100, indicating a neutral sentiment among investors
The RSI for Bitcoin is approximately 46, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.
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.