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.
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
In the markets
The Bitcoin economy
*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.
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.
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.
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
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All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻
Crypto AM: Editor’s picks
Three-in-four wealth managers are gearing up for more cryptocurrency exposure
Crypto.com granted FCA licence to operate in UK
Q&A with Duncan Coutts, Principal Technical Architect at IO Global
Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’
MPs are falling silent over potential of cryptocurrency
Erica’s ‘Crypto Wars’ handed honours in Business Book Awards
‘Let people invest’: Matt Hancock makes case for liberal crypto rules
Explained: Why the Treasury is so sold on stablecoins
Fears crypto is used to avoid sanctions ‘misplaced,’ says Matt Hancock
The cryptocurrency fundraisers behind Ukraine’s military effort
Crypto crazy couple name baby after favourite digital asset
Crypto AM: Features
Crypto AM: Founders Series
Crypto AM: Industry Voices
Crypto AM: Contributors
Crypto AM: In Conversation with James Bowater
Crypto AM: Tomorrow’s Money with Gavin S Brown
Crypto AM: Mixing in the Metaverse with Dr Chris Kacher
Crypto AM: Visions of the Future, Past & Present with Alex Lightman
Crypto AM: Tiptoe through the Crypto with Monty Munford
Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry
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
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.