Welcome uptrend sweeps across crypto markets
Bitcoin is up by more than 5% this morning, while Ethereum has added more than 7% to its price over the last day.
It’s a welcome change from the general downward trend we’ve been seeing in crypto markets over the last few weeks.
The original cryptocurrency is trading at $16,552, and Ethereum has gained some ground, changing hands for $1,165, today.
Solana is one of the biggest gainers over the last 24 hours, trading for around $13, up by 14%. Volatility remains the order of the day, but today’s prices may represent a flicker of positive sentiment creeping back into crypto markets. Will it last?
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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 $827.537 billion.
What Bitcoin did yesterday
We closed yesterday, November 22 2022, at a price of $16,189.77. The daily high yesterday was $16,253.05, and the daily low was $15,666.61.
Bitcoin market capitalisation
Bitcoin’s market capitalisation at time of writing is $318.26 billion. 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 54.53%.
Fear and Greed Index
Market sentiment today is 22, in Extreme Fear.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 40.54. Its lowest ever recorded dominance was 37.09 on January 1 2018.
Relative Strength Index (RSI)
The daily RSI is currently 36.05. 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 money beyond the control of states and corporations
For starters it provides immense utility for people with these problems:
-Living under an authoritarian regime (4.3 billion)
-No ID or bank account (2 billion)
-Difficulty sending international payments (1 billion)”
Alex Gladstein, CEO Human Rights Foundation
What they said yesterday
Iron sharpens iron…
Tick tok, next block…
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All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻
Crypto AM: Editor’s picks
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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
‘Let people invest’: Matt Hancock makes case for liberal crypto rules
Explained: Why the Treasury is so sold on stablecoins
Fears crypto is used to avoid sanctions ‘misplaced,’ says Matt Hancock
The cryptocurrency fundraisers behind Ukraine’s military effort
Crypto crazy couple name baby after favourite digital asset
Crypto AM: Features
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 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