Flat trading from Bitcoin and Ethereum creating market suspense 15 days from halving

THE top two cryptocurrencies by market cap are trading flat after a few days of heightened volatility in the markets.

Bitcoin is hovering around $66,150, marginally in the red by 0.5%, while Ethereum is following the same route, currently trading for roughly $3,328. 

While Solana showed some pep yesterday, it dipped again by 3% this morning; priced around $180 this morning.

Most of SOL’s peers are trading in a similar line. Cardano is down by 2%, Avalanche is in the red by 2%, while Polkadot is down by roughly the same amount. Bitcoin Cash is the exception today, rallying by 9% overnight. 

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In the Markets

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Total crypto market cap

$2.47 trillion (-0.75%)

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What Bitcoin did yesterday

Daily high $66,844 |  Daily low $64,559

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Bitcoin market capitalisation

$1.3 trillion (-0.37%)

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Bitcoin volume

$30.92 billion (-31.97%)

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CoinDesk Large Cap Select Index 

+0.54%

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

+0.11%

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Fear and Greed Index

72 (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

53.2

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)

52.05

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…

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.