Mixed crypto markets ahead of payroll data tomorrow, and Alphabet stock price surges
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📉 Mixed bag in crypto markets - Bitcoin slips slightly while Ethereum holds steady in the green.
🚀 Maker (MKR) outperforms - jumps more than 3% overnight.
📊 Landmark decision for Google - Alphabet stock rallies after judge rules in its favour in anti-trust case.
📈 Crypto sentiment improves - with Fear and Greed Index climbing back to Neutral.
Crypto markets are mostly flat this morning, with Bitcoin marginally in the red and Ethereum and others in the green between 0% and 1%. Solana (SOL) has given up some gains overnight after a blistering 30-day run, on the back of an upgrade aimed at improving network speed. Maker (MKR) is one of the few seeing a notable move, climbing more than 3%.
In traditional markets, US stocks are back in the green, buoyed by a surge in Alphabet’s share price after a judge ruled in favour of the company in an antitrust case, allowing it to keep its Google browser.
Despite the sluggishness in crypto, sentiment trackers show slight improvement, with the Fear and Greed Index moving from Fear back into Neutral. The big question now is whether US non-farm payrolls data due tomorrow will shift the tone.
In the markets…
🌍 Total crypto market cap ↘️
The global crypto market cap is approximately $3.81 trillion, down 0.16% over the past 24 hours.
🟠 Bitcoin (BTC) ↘️
Price: $110,708 down 0.46% in the last 24 h.
Daily high: $112,502
Daily low: $110,344
📈 S&P 500 ↗️
SPY is currently up about 0.51% since yesterday’s close.
📈 Nasdaq 100 ↗️
The Nasdaq 100 is up about 0.79% overnight.
😐 Fear & Greed Index
The Crypto Fear & Greed Index stands at 44/100, in Neutral.
Data is correct as at 4 September, 08:25 GMT.
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.
