Bitcoin and most of crypto continue to march steadily sideways with the market leader trading around $30,700 as Ether is just below $1.9k this morning.
It’s a big day for the markets as the latest Consumer Price Index (CPI) numbers from the US will be released later, which will give a clear indication of where the country stands in its fight against inflation.
Most analysts expect an increase of 0.3% since last month, lower than the previous 0.4%, but still too hot to comfort, they say.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.2 trillion
What Bitcoin did yesterday
🌄 Closed $30,620
🔺 Daily high $30,788
🔻 Daily low $30,358
Bitcoin market capitalisation
🟠 BTC $584.519 billion
🟡 Gold $12.798 trillion
💳 Visa $503.8 billion
🪣 Total spot trading volume $11.862 billion
🌅 24hrs +0.67%
Fear and Greed Index
Bitcoin’s market dominance
Relative Strength Index (RSI)
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.
What they said yesterday
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Three-in-four wealth managers are gearing up for more cryptocurrency exposure
Crypto.com granted FCA licence to operate in UK
Q&A with Duncan Coutts, Principal Technical Architect at IO Global
Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’
MPs are falling silent over potential of cryptocurrency
Erica’s ‘Crypto Wars’ handed honours in Business Book Awards
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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
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Crypto AM: Events
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.