Bitcoin and Ethereum hold key levels after weekend trading
![](https://www.cityam.com/wp-content/uploads/2023/09/Crypto-AM-Daily-2023-1.jpeg?w=742)
It’s been a weekend of steady trading in Bitcoin and Ethereum markets. Bitcoin continues to test the key threshold of $37,000 this morning, while Ethereum hangs onto $2,000.
The large-cap crypto market seems to be less dependent on the price movements of other coins this morning, as some retrace while others rally. Polygon is in the green by 7%, while Chainlink has gone the other way, posting a 5% loss overnight. Solana and Cardano are also down on the day, as Cosmos and Polkadot post green candles.
Friday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
Total crypto market cap
🔵 $1.41 trillion
🔻 0.47%
What Bitcoin did yesterday
🔺 Daily high $37,215
🔻 Daily low $36,761
Bitcoin market capitalisation
🟠 BTC $712.88 billion
🟡 Gold $12.82 trillion
💳 Visa $597.38 billion
Bitcoin volume
Total spot trading volume $13.177 billion
🔺 2.19%
Ethereum staking entry queue
12 hours 58 minutes
SP500
🔺 1.56%
FTSE/JSE Top 40
🔺0.57%
Fear and Greed Index
Bitcoin’s market dominance
52.23
Relative Strength Index (RSI)
76.11
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
Whether you’re a Bitcoin expert or a total newbie – or even somewhere in between – you can now join the new HODLers Telegram community to learn more… or share your insights with others!
Our goal is simple: to provide a safe place where people can ask any question they want about Bitcoin, even if they think it’s a daft one! Learning Bitcoin takes time and we generally have the same questions when we first encounter it, so we know from our own experience having somewhere to ask a real person a specific question can be of great value!
There’s also access to great learning resources and, to cap it all off, we run monthly competitions to win great prizes such as tickets for events, VIP passes, exclusive access to talks and webinars or even just some Sats to add to your stack, all courtesy of our partners!
Even better, the whole thing is completely FREE!
So, if you’re a beginner, or know someone who is, take our fun five question multiple choice quiz and join the group today. Of course, if you’re an expert, you’re also welcome to join and help others who are looking to understand Bitcoin as an asset and the industry as a whole.
T’s and C’s: Open to UK residents only. All ages are welcome in the community, but you need to be over 18 to enter competitions. No purchase required.All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻
Crypto AM: Editor’s picks
Kraken appoints crypto entrepreneur and fintech consultant Bivu Das to drive next chapter of UK growth story
![](https://www.cityam.com/wp-content/uploads/2023/11/image.png)
TransformBase initiative set for launch in November
![](https://www.cityam.com/wp-content/uploads/2023/10/image-22.png)
FCA’s new crypto advertising rules met with mixed industry response
![](https://www.cityam.com/wp-content/uploads/2023/06/image-17.png?w=960)
ChatGPT urges crypto conference panel not to become over-reliant on AI
![](https://www.cityam.com/wp-content/uploads/2023/03/image-13.png)
Sam Bankman-Fried: A tissue of lies soaked with fake tears?
![](https://www.cityam.com/wp-content/uploads/2022/12/image.png)
Three-in-four wealth managers are gearing up for more cryptocurrency exposure
![This image has an empty alt attribute; its file name is bitcoin-gd34f8a137_1920.jpg](https://www.cityam.com/wp-content/uploads/2022/09/bitcoin-gd34f8a137_1920.jpg?w=742)
Crypto.com granted FCA licence to operate in UK
![This image has an empty alt attribute; its file name is 292439278_5254570434635344_4426974130751420662_n-1.png](https://www.cityam.com/wp-content/uploads/2022/08/292439278_5254570434635344_4426974130751420662_n-1.png)
Q&A with Duncan Coutts, Principal Technical Architect at IO Global
![This image has an empty alt attribute; its file name is Duncan-Coutts-1.png](https://www.cityam.com/wp-content/uploads/2022/07/Duncan-Coutts-1.png)
Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’
![This image has an empty alt attribute; its file name is Jamie-Bartlett-Author-Image-Credit-Pelle-Sjoden-landscape.png](https://www.cityam.com/wp-content/uploads/2022/06/Jamie-Bartlett-Author-Image-Credit-Pelle-Sjoden-landscape.png?w=742)
MPs are falling silent over potential of cryptocurrency
![This image has an empty alt attribute; its file name is london-ga81f97458_1920.jpg](https://www.cityam.com/wp-content/uploads/2022/05/london-ga81f97458_1920.jpg?resize=742,495)
Crypto AM: Features
Crypto AM: Founders Series
![This image has an empty alt attribute; its file name is GettyImages-1169704211.jpg](https://www.cityam.com/wp-content/uploads/2020/07/GettyImages-1169704211.jpg?w=960)
Crypto AM: Industry Voices
![Changpeng 'CZ' Zhao, CEO of Binance](https://www.cityam.com/wp-content/uploads/2021/07/CZ-Binance.jpg?w=960)
Crypto AM: Contributors
Crypto AM: In Conversation with James Bowater
![Charles Hoskinson and James Bowater landscape](https://www.cityam.com/wp-content/uploads/2021/04/Charles-Hoskinson-and-James-Bowater-landscape-scaled.jpg?w=960)
Crypto AM: Tomorrow’s Money with Gavin S Brown
![Tomorrow's Money with Gavin S Brown](https://www.cityam.com/wp-content/uploads/2021/11/Gavin-S-Brown-Crypto-AM.jpg?w=960)
Crypto AM: Mixing in the Metaverse with Dr Chris Kacher
![Dr Chris Kacher Mixing in the Metaverse](https://www.cityam.com/wp-content/uploads/2021/08/Dr-Chris-Kacher-Mixing-in-the-Metaverse-4.jpg?w=902)
Crypto AM: Visions of the Future, Past & Present with Alex Lightman
![Alex Lightman Visions of the future, past and present](https://www.cityam.com/wp-content/uploads/2021/08/Alex-Lightman-Visions-of-the-future-past-and-present.jpg?w=960)
Crypto AM: Tiptoe through the Crypto with Monty Munford
![Monty Munford robbed out header](https://www.cityam.com/wp-content/uploads/2021/08/Monty-Munford-robbed-out-header.jpg?w=903)
Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry
![Jonny Fry Taking a Byte out of Digital Assets](https://www.cityam.com/wp-content/uploads/2021/11/CAMD-G89-1024-JFry-copy-6.jpg?w=960)
Crypto on the catwalk
![Stefania Barbaglio Crypto on the Catwalk](https://www.cityam.com/wp-content/uploads/2021/09/CAMD-G89-1024-SBarbaglio.jpg?w=960)
Cautionary Notes
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.