Crypto markets appear stable again this morning, with Bitcoin continuing to hold above $44,000 and Ethereum above $3,100 – up 1% and 3.45% respectively in the past 24 time. The increase comes as broader financial markets also rallied after Russia appeared to take a step back from invading Ukraine.
This time around last week, the fear and greed index briefly visited greed territory for the first time in four months. It has since returned to the ‘neutral’ zone as geopolitical and macro uncertainty affects risk sentiment in broader financial markets, but it still looks more positive than CNN’s Fear & Greed Index for the stock market. which approximates “Extreme Fear”. Will we see greater correlation if geopolitical uncertainty fades?
Elsewhere, Avalanche (AVAX) is the top performer among the major cryptocurrencies today. It’s up about eight percent in the past 24 hours. The Meme Doge and Shiba plays look weaker, with both ending up in the red, spoiling an otherwise distinctly green hue on the boards this morning.
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Yesterday’s Crypto AM Daily in association with Luno
In the markets
The Bitcoin Economy
*Definitions and ideas can be found at https://bytetree.com/insights/
Total Crypto Market Cap
The total capitalization of the entire cryptocurrency market at the time of writing is currently $1,984,000,000,000against $1,946,000,000,000 yesterday.
What Bitcoin Did Yesterday
We closed yesterday, February 15, 2022, at the price of $44,575.20, down from $42,586.92 yesterday. Yesterday’s daily high was $44,667.22 and the daily low was $42,491.03.
Around this time last year, the price of Bitcoin closed the day at $49,199.87. In 2020, it closed at $9,934.43.
bitcoin market capitalization
The market capitalization of Bitcoin at the time of writing is $836.34 billion. To put it into context, Gold’s market cap is $11.794 trillion and Tesla’s is $936.26 billion.
The total spot trading volume reported by all exchanges in the last 24 hours was $22.138 billionvs $22.791 billion yesterday. High volumes may indicate that a large price move has stronger support and is more likely to be sustained.
Bitcoin price volatility over the past 30 days is 63.04%.
Fear and Greed Index
Market sentiment today is 51to Neutral.
Bitcoin market dominance
Bitcoin market dominance today is 42.99. His lowest ever dominance was 37.09 on January 8, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 59.54. Values of 70 or higher indicate that an asset is becoming overbought and may be primed for a trend reversal or undergoing a price correction – an RSI reading of 30 or lower indicates an oversold or undervalued condition.
Convince your grandmother: extract of the day
“We have conversations all the time. As the exchange mechanism becomes cheaper and more environmentally friendly, I think you’ll see us leaning a little more into crypto.
Dara Khosrowshahi, CEO of Uber
what they said yesterday
We see you, Mr Buffet 😉
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It’s certainly tempting to get carried away with the excitement, but please heed these caveats: do your own research, only invest what you can afford, and make good decisions. The indicators in this article will hopefully help you. Remember though, the content of this article is for informational purposes only and does not constitute 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 correct as of 08:00 BST