Chainlink climbing as calm descends over crypto markets

BITCOIN continues to trade mostly sideways since yesterday, hovering around $42,600 this morning.

Ethereum is also going sideways around the $2,500 level, with the younger large-caps dipping slightly into the red. 

Chainlink continues to climb, showing returns of around 4% overnight. The founders recently announced a partnership with Circle - issuer of the USDC stablecoin - that will allow it to be transferred across different blockchain platforms.

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In the Markets

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Days to BTC Halving

97

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Total crypto market cap

$1.69 trillion (+0.32%)

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What Bitcoin did yesterday

 Daily high $43,563 |  Daily low $42,093

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Bitcoin market capitalisation

$835.854 billion (-0.15%)

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Bitcoin volume

$24.149 billion (+16.92%)

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Ethereum staking entry queue

0 minutes

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SP500

+0.37%

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Fear and Greed Index

63 (Greed) 

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Bitcoin’s market dominance

51.14

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Bitcoin Simple Moving Average (50) 

Value $42,894

Sell (Tradingview)

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Relative Strength Index (RSI)

47

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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.

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Post Script…

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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. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.