Bitcoin is trading at $16,220 this morning, down 1.8% in the last day, but the largest crypto by market cap has gained 1.07% over the last week.
Ethereum has slid by 3.3% since yesterday, changing hands for $1,171 today.
Market sentiment seems to have recovered somewhat from the previous few weeks, with the Fear & Greed Index at 28 today, a significant improvement from last week’s lows of 20.
This optimism is yet to reflect in prices of cryptocurrencies. Cardano and Solana, along with most other cryptocurrencies, are trading in the red today, with ADA losing 4% on yesterday’s price, and SOL down by roughly 6%.
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 $827.078 billion.
What Bitcoin did yesterday
We closed yesterday, November 27 2022, at a price of $16,444.63 The daily high yesterday was $16,594.41, and the daily low was $16,437.03.
Bitcoin market capitalisation
Bitcoin’s market capitalisation at time of writing is $311.92 billion. To put it into context, the market cap of gold is $11.623 trillion and Tesla is $568.87 billion.
The total spot trading volume reported by all exchanges over the last 24 hours was $25.189 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 52.02%.
Fear and Greed Index
Market sentiment today is 28, in Fear.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 40.15. Its lowest ever recorded dominance was 37.09 on January 1 2018.
Relative Strength Index (RSI)
The daily RSI is currently 31.03. 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
“Bitcoin is at the cutting edge of innovation in the world”
Greg Abbott, Governor of Texas, USA
What they said yesterday
Monday morning motivation…
You love to see it…
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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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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