Bitcoin and co calm the markets after yesterday’s news storm
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Crypto at a glance
The crypto markets are looking a little more buoyant today, echoing a general uplift across the traditional markets after the S&P closed higher yesterday for the first time in six days.
Both Bitcoin (BTC) and Ether (ETH) are up more than three per cent this morning to $46k and $3.3k respectively.
The move comes after a confusing day in the crypto world, with mainstream media outlets falling prey to a convincing fake press release announcing that Walmart had partnered with Litecoin (LTC) to offer cryptocurrency payments to its customers. Even Reuters fell for the ruse, which is being credited to a well-orchestrated pump-and-dump scheme.
The other big story yesterday was business software company MicroStrategy’s announcement that it bought an additional 5,050 BTC. The company now holds 114,042 BTC worth more than $5 billion, which were acquired for a total of $3.16 billion and at an average price of $27,713 per Bitcoin.
Elsewhere, all coins are up today. Solana (SOL) continues its ascent, regaining another 10 per cent to within touching distance of the top five cryptocurrencies by market cap. Solana’s trading volume has surged recently, rising 42 per cent, compared with a nine per cent decline in Bitcoin over the same period. Will it break the top five?
The Crypto AM London Blockchain & DeFi Summit and Crypto AM Awards 2021
Day One will be held at ETC Fenchurch Street hosting the four Crypto AM City of London Roundtables so that delegates can meet and network with each other and learn from great discussions and talks.
Day Two will be summit day (streamed and live audience) at the Leonardo Royal Hotel, St Paul’s, finishing with the black tie gala dinner in the same venue where the winners of the Crypto AM Awards 2021 will be revealed.
For speaking opportunities, partnership packages or attendance (tickets will be strictly limited and by application) please email: email@example.com using the subject line ‘CRYPTOAM SUMMIT’.
Summit & Awards Announcements
Crypto AM Awards 2021 Judges Announced
Crypto AM is delighted to announce Luno as Gold Partner
Crypto AM is delighted to announce Cudos as Gold Partner
Crypto AM is delighted to announce MELD as Gold Partner
Crypto AM is delighted to announce Umbria Network as Silver Partner
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Yesterday’s Crypto AM Daily in association with Luno
In the markets
The Bitcoin economy
*Definitions and insights can be found at https://bytetree.com/insights/
Total crypto market cap
The total capitalisation of the entire cryptocurrency market at time of writing is currently $2,061,725,438,551.
What Bitcoin did yesterday
We closed yesterday, September 13 2021, at a price of $44,963.07, down from $46,063.27 the day before. The daily high yesterday was $46,598.68 and the daily low was $43,591.32.
This time last year, the price of Bitcoin closed the day at $10,680.84. In 2019, it closed at $10,358.05.
Bitcoin market capitalisation
Bitcoin’s market capitalisation at time of writing is $854.1 billion. To put it into context, the market cap of gold is $11.395 trillion and Facebook is $1.061 trillion.
The total spot trading volume reported by all exchanges over the last 24 hours was $42,619,516,730, up from $29,859,501,609 the day before. 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 45.14%.
Fear and Greed Index
Market sentiment today is 30.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 41.09, Its lowest ever recorded dominance was 37.09 on January 8 2018.
Relative Strength Index (RSI)
The daily RSI is currently 45.58. 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
“We are growing very rapidly. Investors are gradually exploring #cryptocurrencies and digital assets.”
Singapore’s largest bank, DBS.
What they said yesterday
He dunnit again…
Another red pill taken…
El Salvador setting the trend…
Crypto AM: Editor’s pick
Morgan Stanley to launch new research team led by Sheena Shah
Bitcoin can now be purchased using the Post Office app
Simon Nixon tells Seek Ventures to ramp up Bitcoin investment
Bitcoin breaks $50,000 as magic monday gives cryptocurrencies a green start to the week
Gibraltar to host first international post pandemic crypto event
CV Labs Partnership launches British crypto firm Evai onto Bittrex global exchange
Crypto AM: Features
Crypto AM: Spotlight
Crypto AM: Founders Series
Crypto AM: Industry Voices
Crypto AM: Contributors
Crypto AM: In Conversation with James Bowater
Crypto AM: Tomorrow’s Money with Gavin S Brown
Crypto AM: Mixing in the Metaverse with Dr Chris Kacher
Crypto AM: Visions of the Future, Past & Present with Alex Lightman
Crypto AM: Tiptoe through the Crypto with Monty Munford
Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry
Crypto AM: Parliamentary Special
Part one of two – April 2021
Part two of two – April 2021
Five-part series – March 2021
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