Bitcoin Continues Its Good Run as Stock Markets Recover

Wednesday, February 16, 2022 11:14 a.m.

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.

Would you like to help spread Bitcoin adoption and education in the UK and even stack sats while you do it? Well, now you can!

the Bitcoin Pioneers The community, backed by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members across the UK.

We share tips, stories, and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to the support of Luno, each trailblazer receives £500 worth of Bitcoin per month to share with newbies, helping them get started.

So if you’re passionate about Bitcoin, why not sign up today? Click here to know more !

All comments on Crypto AM Daily in association with Luno are welcome via email at [email protected] 🙏🏻

Yesterday’s Crypto AM Daily in association with Luno

bitcoin price

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.

bitcoin volume

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.

Volatility

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 😉

Any guesses?

FTW Natural Gas

Crypto AM: Editor’s Picks

Meet the Hackers Helping People Recover Lost Crypto Assets

The Cryptocurrency Fundraisers Behind Ukraine’s Military Effort

Exclusive: Fireblocks valuation soars to $8 billion in $550 million funding round

Crypto-Crazy Couple Name Baby After Favorite Digital Asset

Cryptocurrency-loving parents Bruno Karno and his wife Agatha named their first-born Cardano after their favorite crypto.

Bitcoin hashrate hits new all-time high

Bitcoin Mining Company - Cryptocurrency Illustrations

Peter McCormack: Turning Bedford FC into a Global Bitcoin Brand

In an interview with Crypto AM, Bitcoin investor and podcaster Peter McCormack talks about his purchase of Bedford FC.

Exclusive: FTSE charts digital asset index development in crypto push

FTSE continues to fall amid growing recession concerns
(Photo by Lionel Healing/Getty Images)

Crypto could give London a unique post-Brexit advantage, Hammond says

This image has an empty alt attribute;  its file name is 001-philip-hammond-cutout-57ed5191a2921-57ed5191b2a36.jpg
https://www.cityam.com/crypto-could-give-london-a-unique-post-brexit-advantage-says-hammond/

Diamond Claws: Crypto trading hamster dies after stellar investment career

The first hamster to become a crypto investment guru, Mr. Goxx, has died of unknown causes.

Crypto AM: Features

Crypto AM: Founders Series

https://www.cityam.com/profile/crypto-am-founders-series/

Crypto AM: Voice of the Industry

Changpeng 'CZ' Zhao, CEO of Binance

Crypto AM: Contributors

Crypto AM: Conversation with James Bowater

Landscape by Charles Hoskinson and James Bowater

Crypto AM: The Money of Tomorrow with Gavin S Brown

Tomorrow's Money with Gavin S Brown

Crypto AM: Mix in the Metaverse with Dr. Chris Kacher

Dr. Chris Kacher mixing in the Metaverse

Crypto AM: Visions of the Future, Past and Present with Alex Lightman

Alex Lightman Visions of the future, past and present

Crypto AM: Tiptoeing Through Crypto with Monty Munford

Monty Munford stole the lead

Crypto AM: Extracting a Byte from Digital Assets with Jonny Fry

Jonny Fry takes a byte on digital assets

Crypto on the Podium

Stefania Barbaglio Crypto on the podium

Crypto AM: Events

For those of you who missed the 2021 Crypto AM DeFi & Digital Inclusion Online Summit – you can now watch the two-part event via YouTube

part one

https://www.youtube.com/watch?v=dvqNMNZTIDE

Second part

https://www.youtube.com/watch?v=WXhX_-Tr5j0

Cautionary Notes

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