Sea of green! Bitcoin and co kick off Tuesday with some upside movement
THE crypto markets have come alive again as Bitcoin and most other large-caps swap red candles for green.
The market leader is changing hands for around $43,430, up by more than 3% overnight and 10% over seven days.
Ethereum has followed, with the original smart contracts crypto trading in the positive by more than 2% this morning.
The alt-coins have also made an overnight comeback. The price of Solana is up more than 7% over 24 hours, and 24% over the last week, while the price of Avalanche is in the green by 4% overnight, and 27% over 7 days.
Cardano is the early pacesetter, though, hitting $0.53 with a 9% rise on yesterday, and 16% over seven days.
In the Markets
Total crypto market cap
$1.62 trillion (-0.68%)
What Bitcoin did yesterday
Daily high $43,305 | Daily low $41,824
Bitcoin market capitalisation
$851 billion (+3.32%)
Bitcoin volume
$22 billion (+49.84%)
SP500
+0.76%
Fear and Greed Index
59 (Neutral)
Bitcoin’s market dominance
52.56
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
58.93
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.
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.
