Thursday 24 November 2022 10:24 am
Bitcoin’s price change over the last week is steady at 0% this morning – a welcome respite from the volatility of the last few weeks.
The original cryptocurrency continues posting higher highs and higher lows in the last few days, trading for $16,594 today. Ethereum is also clawing back ground, trading 3% higher over the last day at $1,202.
The market cap of the entire crypto industry has inched higher to $837 billion from yesterday’s $827 billion.
The third-generation cryptocurrencies seem to be benefitting from the flickers of positive sentiment. Solana has added another 8% to yesterday’s price while Chainlink is up 2%, trading for $6.70.
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Yesterday’s Crypto AM Daily in association with Luno
In the markets
The Bitcoin economy
*Data can be found at https://terminal.bytetree.com/
Total crypto market cap
The total capitalisation of the entire cryptocurrency market at time of writing is currently $837.838 billion.
What Bitcoin did yesterday
We closed yesterday, November 22 2022, at a price of $16,610. The daily high yesterday was $16,638, and the daily low was $16,170.50.
Bitcoin market capitalisation
Bitcoin’s market capitalisation at time of writing is $319,180,537,510. To put it into context, the market cap of gold is $11.471 trillion and Tesla is $528.59 billion.
The total spot trading volume reported by all exchanges over the last 24 hours was $33.071 billion. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.
The price volatility of Bitcoin over the last 30 days is 54.76%.
Fear and Greed Index
Market sentiment today is 20, in Extreme Fear.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 40.39. Its lowest ever recorded dominance was 37.09 on January 1 2018.
Relative Strength Index (RSI)
The daily RSI is currently 34.67. 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 – an RSI reading of 30 or below indicates an oversold or undervalued condition.
Convince your Nan: Soundbite of the day
“FTX’s collapse has shaken the crypto market. But this is not the first time crypto has faced significant turmoil related to the collapse of an exchange.”Chainalysis
What they said yesterday
Adoption, as always…
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All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com ??
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Crypto AM: Visions of the Future, Past & Present with Alex Lightman
Crypto AM: Tiptoe through the Crypto with Monty Munford
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Crypto on the catwalk
Crypto AM: Events
For those of you who missed the Crypto AM DeFi & Digital Inclusion online summit 2021 – you can now watch the event in two parts via YouTube
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. City AM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.
All information is correct as of 08:00 BST
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