Cryptocurrencies regain ground after last week's dramatic sell-off
CRYPTOCURRENCIES clawed back some ground after a significant sell-off over the last few days.
The price of Bitcoin is up by 2% this morning, trading close to $68,000 after visiting lows of around $64,000, yesterday.
Ethereum is trading for $3,580, just in the green, while the younger cryptocurrencies saw bigger overnight gains.
In the Markets
Total crypto market cap
$2.59 trillion (+5.07%)
What Bitcoin did yesterday
Daily high $68,857 | Daily low $64,605
Bitcoin market capitalisation
$1.34 trillion (+3.99%)
Bitcoin volume
$41.44 billion (-21%)
CoinDesk Large Cap Select Index
-3.61%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
-0.65%
Fear and Greed Index
85 (Extreme Greed)
The Fear and Greed Index measures volatility, market momentum/ volume, social media, surveys, dominance, and Google search trends to gauge market sentiment.
Bitcoin’s market dominance
53.45
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
49
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.
Post Script…
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.