Daily briefing: Bitcoin and rest of the market seeing green today

Bitcoin is trading up 1.85% over 24 hours and up by 4.85% in the last week, while Ethereum has added 3.9% to yesterday’s price and is up 11.85% over seven days. It’s a similar story for the rest of the industry. At just above $13, Solana has now added more than 21% to its value in the last week, while Chainlink is up 24% over the same period. 

The total capitalisation of the entire cryptocurrency industry sits at $837 billion today, while Bitcoin is again trading above the $16,500 resistance level. Will we see the original cryptocurrency make a move on $17,000 this week? 

NamePricePrice Change (24h)Price change (7 days)
Bitcoin (BTC)$16,509.98+1.88%+5.03%
Ethereum (ETH)$1,217.39+4.04%+12.22%
XRP (Ripple)$0.3918+3.33%+8.64%
Litecoin (LTC)$76.74+5.92%+23.81%
Bitcoin Cash (BCH)$111.94+3.71%+6.08%
Chainlink (LINK)$7.40+8.96%+24.51%
Uniswap (UNI)$5.50+4.42%+3.77%
Cardano(ADA)$0.3111+1.98%+0.36%
Solana(SOL)$13.66+1.53%+22.30%

Total crypto market cap

The total capitalisation of the entire cryptocurrency market at time of writing is currently $837.596 billion. 

 What Bitcoin did yesterday

We closed yesterday, 28 November 2022,  at a price of $16,217.32. The daily high yesterday was $16,482.93, and the daily low was $16,054.53.

Bitcoin market capitalisation

Bitcoin’s market capitalisation at time of writing is $311.686 billion. To put it into context, the market cap of gold is $11.679 trillion and Tesla is $569.06 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $26.041 billion. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.

Volatility

The price volatility of Bitcoin over the last 30 days is 52.07%.

Fear and Greed Index

Market sentiment today is 26, in Fear.

Bitcoin’s market dominance

Bitcoin’s market dominance today is 40.01. Its lowest ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 36.12. 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 – an RSI reading of 30 or below indicates an oversold or undervalued condition. 

Convince your Nan: Soundbite of the day

“New regulatory initiatives are likely to emerge focusing on custody and protection of customers’ digital assets as in the traditional financial system.”

Nikolaos Panigirtzoglou, Global strategist, JP Morgan

What they said yesterday

Saylor says

Based on science

Where to in the next five?

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28/11/22

Bitcoin is trading at $16,220 this morning, down 1.8% in the last day, but the largest crypto by market cap has gained 1.07% over the last week. Ethereum has slid by 3.3% since yesterday, changing hands for $1,171 at the time of writing. 

Market sentiment seems to have recovered somewhat from the previous few weeks, with the Fear & Greed Index at 28 today, a significant improvement from last week’s lows of 20. This optimism is yet to reflect in prices of cryptocurrencies. Cardano and Solana, along with most other cryptocurrencies, are trading in the red today, with ADA losing 4% on yesterday’s price, and SOL down by roughly 6%.

NamePricePrice Change (24h)Price change (7 days)
Bitcoin (BTC)$16,220.63-1.87%+1.07%
Ethereum (ETH)$1,171.89-3.36%+5.15%
XRP (Ripple)$0.3811-4.64%+8.64%
Litecoin (LTC)$71.95-7.34%+19.57%
Bitcoin Cash (BCH)$108.25-4.03%+5.46%
Chainlink (LINK)$6.79-5.17%+18.89%
Uniswap (UNI)$5.27-4.45%-0.63%
Cardano(ADA)$0.3057-4.01%+0.36%

Total crypto market cap

The total capitalisation of the entire cryptocurrency market at time of writing is currently $827.078 billion.

What Bitcoin did yesterday

We closed yesterday, November 27 2022, at a price of $16,444.63.The daily high yesterday was $16,594.41, and the daily low was $16,437.03.

Bitcoin market capitalisation

Bitcoin’s market capitalisation at time of writing is $311.92 billion. To put it into context, the market cap of gold is $11.623 trillion and Tesla is $568.87 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $25.189 billion. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.

Volatility

The price volatility of Bitcoin over the last 30 days is 52.02%.

Fear and Greed Index

Market sentiment today is 28, in Fear.

Bitcoin’s market dominance

Bitcoin’s market dominance today is 40.15. Its lowest-ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 31.03. 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 – an RSI reading of 30 or below indicates an oversold or undervalued condition.

Convince your Nan: Soundbite of the day

“Bitcoin is at the cutting edge of innovation in the world”

Greg Abbott, Governor of Texas, USA

What they said yesterday

Monday morning motivation

You love to see it

Great visual

_______________________________________________

25/11/22

The price of Bitcoin has slumped slightly this morning by less than a percentage point following yesterday’s gains. The largest cryptocurrency by market cap is holding above $16,000, trading for $16,448 at the time of writing. Ethereum has shed 1.74% off yesterday’s price, trading for $1,180. Other cryptocurrencies are following the same path as the large-cap cryptos, as investor optimism looks to be slightly dampened since yesterday’s little run. Will we see a trend reversal next week?

NamePricePrice Change (24h)Price change (7 days)
Bitcoin (BTC)$16,448.94-0.85%-1.71%
Ethereum (ETH)$1,180.91-1.74%-3.00%
XRP (Ripple)$0.4084+7.73%+6.33%
Litecoin (LTC)$74.99-4.57%+19.42%
Bitcoin Cash (BCH)$115.20-0.17%+10.53%
Chainlink (LINK)$6.74+0.52%+7.88%
Uniswap (UNI)$5.37-2.19%-10.64%
Cardano(ADA)$0.3114-1.61%-5.73%
Solana(SOL)$14.08-0.54%+3.09%

Total crypto market cap

The total capitalisation of the entire cryptocurrency market at time of writing is currently $827.520 billion.

What Bitcoin did yesterday

We closed yesterday, November 24 2022, at a price of $16,604.47. The daily high yesterday was $16,771.48, and the daily low was $16,501.77.

Bitcoin market capitalisation

Bitcoin’s market capitalisation at time of writing is $316.33 billion. To put it into context, the market cap of gold is $11.563 trillion and Tesla is $569.93 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $23.364 billion. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.

Volatility

The price volatility of Bitcoin over the last 30 days is 52.84%.

Fear and Greed Index

Market sentiment today is 20, in Extreme Fear.

Bitcoin’s market dominance

Bitcoin’s market dominance today is 40.35. Its lowest-ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 32.64. 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 – an RSI reading of 30 or below indicates an oversold or undervalued condition.

Convince your Nan: Soundbite of the day

“A country’s decision to embrace cryptocurrency may boost its resilience to economic shocks.”

Matthew Ferranti — a fifth-year Ph.D. candidate in Harvard’s economics department

What they said yesterday

Be thankful for Bitcoin 🙏

Do you?

Good reminder

Good boy

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