Crypto markets look brighter as Bitcoin closes the week above key level 

📈 Crypto in the green – Bitcoin and large-caps gain 1–2%, altcoins outperform.

📊 AAVE & TAO lead – Both rise over 4%, pushing total crypto market cap up 1.8%.

🟠 BTC holds $100K – Consolidation continues with resistance around $105K.

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CRYPTOCURRENCY markets are back in positive territory this morning, with most major coins posting modest gains.

Bitcoin (BTC) and other large-cap assets are up 1–2%, while others such as Aave (AAVE) and Bittensor (TAO) have increased in price by over 4%. The total crypto market cap rose by 1.79%, reflecting broad-based strength.

The move comes on the heels of a softer than expected Producer Price Index (PPI) for April, which dropped 0.5% month-over-month. The reading could suggest easing inflationary pressures. 

Bitcoin continues to hold above the key $100,000 level, with technical resistance near $105,000. While trading volumes remain subdued compared to peak levels, sentiment appears positive as macro conditions turn more supportive.

Investors will now watch whether crypto can carry this momentum over the weekend.

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In the markets… 

🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalisation is approximately $3.33 trillion, reflecting a 1.79% increase over the last 24 hours.

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🟠 Bitcoin (BTC) ⬆️

Price: Currently trading at around $103,591 marking a 1.57% increase in the last 24 hours.

Daily high: Approximately $104,836

Daily low: Approximately $102,651

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📈 S&P 500 ⬆️

The S&P 500 index is up about 0.41% since yesterday.

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🥳 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 69/100, indicating “Greed” among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is approximately 51, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.

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‍Post Script…

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.