Tuesday 07 February 2023 10:50 am
Bitcoin and Ethereum are trading unchanged with slight price increases below one percentage point. The leading crypto by market cap is valued at $23,010 this morning as it continues to hover around the $23,000 mark. Ethereum is trading at $1,640.
Sounds a lot like a broken record, the rest of the market generally floats in the same direction as investors wait for Federal Reserve Chairman Jerome Powell to light the way forward on interest rate hikes for 2023.
Yesterday's Crypto AM Daily in partnership with Luno
in the markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
Total crypto market capitalization
The total capitalization of the entire cryptocurrency market this morning was $1.069 billion.
What Bitcoin did yesterday
We closed yesterday, February 6, at a price of $22,760. Yesterday's daily high was $23,119, and the daily minimum was $22,692.
Bitcoin Market Cap
The Bitcoin market cap this morning was $442,314 billion. To put it in context, the market capitalization of gold is $12.468 trillion and that of Tesla is $661.240 million.
bitcoin volume
Total spot trading volume reported by all exchanges over the last 24 hours was $24.490 billion. High volumes can indicate that a significant price move has stronger support and is more likely to hold.
Volatility
The volatility of the price of Bitcoin in the last 30 days is 39.94%.
Fear and Greed Index
Market sentiment today is 54in Neutral.
Bitcoin market dominance
Bitcoin market dominance today is 43.39. Its lowest domain ever registered was 37.09 on January 1, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 66.49. Values โโof 70 or higher indicate that an asset is being overbought and may be poised for a trend reversal or price correction; an RSI reading of 30 or below indicates an oversold or undervalued condition.
Convince Your Family: Sound Snippet of the Day
"12 millions [Bitcoin] for 6.8 billion people.
Satoshi Nakamoto, creator of Bitcoin, 13 years ago
what they said yesterday
The mayor understands...
Long or short?
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precautionary notes
It's definitely tempting to get carried away with the excitement, but heed these words of caution: do your own research, only invest what you can afford, and make good decisions. It is hoped that the indicators contained in this article will help in this. Please remember, however, that the content of this article is for informational 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 in or trading cryptocurrencies.
