A curious calm hangs over cryptocurrency markets despite recent shocks

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The prices of Bitcoin and Ethereum haven’t changed much since yesterday, with both cryptocurrencies in the green by less than a percentage point.

Bitcoin is trading for $16,805 this morning, while Ethereum is at $1,260. 

Other third-gen cryptocurrencies – Solana, Cardano and Uniswap among them – have also been trading flat in the green this morning, a welcome respite from the volatility seen in the last week. 

Want to learn more about what’s going on in our global financial system and how Bitcoin fits into it? Come to my next free webinar on November 16 at 6pm to find out, ask any questions, and grab some free Bitcoin*. Click here to register. 

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Have you booked your tickets for the Crypto AM Summit and Awards? Click here… Crypto AM Summit & Awards 2022 – CityAM

Yesterday’s Crypto AM Daily in association with Luno

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In the markets

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The Bitcoin economy

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*Data can be found at https://terminal.bytetree.com/ 

Total crypto market cap

The total capitalisation of the entire cryptocurrency market at time of writing is currently $8.43 billion. 

What Bitcoin did yesterday

We closed yesterday, November 14 2022, at a price of $16,618.20. The daily high yesterday was $17,109.32, and the daily low was $15,872.94.

Bitcoin market capitalisation

Bitcoin’s market capitalisation at time of writing is $3.22 billion. To put it into context, the market cap of gold is $11.73 and Tesla is $594.04 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $41.34 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 52.88%.

Fear and Greed Index

Market sentiment today is 22, in Extreme Fear.

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Bitcoin’s market dominance

Bitcoin’s market dominance today is 40.24. Its lowest ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 31.86. 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

Probably the main difference between the bitcoin-focused ecosystem, and the multi-crypto ecosystem, is that the former views the mission as fixing the money, and the latter views the mission as fixing the financial/trading tech rails. The difference might be that simple.

Lyn Alden, investment strategist

What they said yesterday

👀

Ded…

Pioneering tech… 

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Would you like to help spread the adoption and education of Bitcoin in the UK and even stack some Sats while you’re doing it? Well, now you can!

The Bitcoin Pioneers 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 right across the UK.

We share tips, stories and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to support from Luno, each Pioneer gets £500 of Bitcoin a month to share with beginners, helping them get started.

So, if you’re passionate about Bitcoin, why not join today? Click here to find out more!

All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻

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Crypto AM: Editor’s picks

Three-in-four wealth managers are gearing up for more cryptocurrency exposure

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Crypto.com granted FCA licence to operate in UK

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Q&A with Duncan Coutts, Principal Technical Architect at IO Global

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Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’

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MPs are falling silent over potential of cryptocurrency

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Erica’s ‘Crypto Wars’ handed honours in Business Book Awards

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‘Let people invest’: Matt Hancock makes case for liberal crypto rules

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Explained: Why the Treasury is so sold on stablecoins

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Fears crypto is used to avoid sanctions ‘misplaced,’ says Matt Hancock

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The cryptocurrency fundraisers behind Ukraine’s military effort

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Crypto crazy couple name baby after favourite digital asset

© Provided by City AM Cryptocurrency-loving parents Bruno Karno and his wife Agatha have named their first-born Cardano in honour of their favourite crypto.



Crypto AM: Features 

Crypto AM: Founders Series 

© Provided by City AM https://www.cityam.com/profile/crypto-am-founders-series/

Crypto AM: Industry Voices 

© Provided by City AM Changpeng ‘CZ’ Zhao, CEO of Binance

Crypto AM: Contributors 

Crypto AM: In Conversation with James Bowater

© Provided by City AM Charles Hoskinson and James Bowater landscape

Crypto AM: Tomorrow’s Money with Gavin S Brown

© Provided by City AM Tomorrow’s Money with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher

© Provided by City AM Dr Chris Kacher Mixing in the Metaverse

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

© Provided by City AM Alex Lightman Visions of the future, past and present

Crypto AM: Tiptoe through the Crypto with Monty Munford 

© Provided by City AM Monty Munford robbed out header

Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry

© Provided by City AM Jonny Fry Taking a Byte out of Digital Assets

Crypto on the catwalk

© Provided by City AM Stefania Barbaglio Crypto on the Catwalk

Crypto AM: Events

For those of you who missed the Crypto AM DeFi & Digital Inclusion online summit 2021 – you can now watch the event in two parts via YouTube

Part One

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

Part Two

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

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. City AM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.

All information is correct as of 08:00 BST

The post A curious calm hangs over cryptocurrency markets despite recent shocks appeared first on CityAM.

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