Crypto markets dip, but Bitcoin finds support level at $27,100
Bitcoin is down by 1.79% over 24 hours but is still trading above the $27k threshold. This level was tested earlier this morning, at one point dipping to $27,022, but managed to hold the line and is trading this morning for $27,155.
Ethereum is trading in line with BTC, changing hands for $1,557. It’s similarly red throughout most of the crypto market.
Market indicators such as the Relative Strength Index and the Fear and Greed Index all reflect a degree of investor caution at the moment.
Yesterday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.06 trillion
🔻 1.44%
What Bitcoin did yesterday
🔺 Daily high $27,728
🔻 Daily low $27,300
Bitcoin market capitalisation
🟠 BTC $528.899 billion
🟡 Gold $12.355 trillion
💳 Visa $492.08 billion
Bitcoin volume
🪣 Total spot trading volume $11.414 billion
🔻 5.58%
Ethereum staking entry queue
💎 17 hours 57 minutes
SP500
🔺 0.52%
FTSE/JSE Top 40
🔺 3.26%
Fear and Greed Index
Bitcoin’s market dominance
📊 51.08
Relative Strength Index (RSI)
💪 48.26
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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All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻
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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.