Monday, December 12, 2022 at 11:07 a.m
Bitcoin continues to move sideways along the $17,000 line. This has been a major resistance level for the past few weeks.
The market capitalization leading cryptocurrency is $16,965 today, down 1.18% over 24 hours and up by 2% over the past week. Ethereum lost 1.5% in the wake of bitcoin.
Investors will be keeping an eye out for the Federal Reserve’s latest interest rate announcements tomorrow. Experts believe the market’s decline could be due to investors anticipating another rate hike.
Friday’s Crypto AM Daily in partnership with Luno
Markets
Bitcoin economy
* Data can be found at https://terminal.bytetree.com/
The total market capitalization of all cryptocurrencies
The current total value for the entire cryptocurrency market as of writing is 841.848 billion dollars.
What did bitcoin do yesterday?
We closed yesterday, 11th Dec 2022 at a fixed price $17,104.Yesterday was the daily high $17,245The daily decline $17,091.
Bitcoin market value
At the time this article was written, Bitcoin’s current market value is 325.92 billion dollars.For context, the market capitalization for gold is $11.939 trillion, and that of Tesla is $557.02 million.
Bitcoin size
It was the total spot trade volume reported by all exchanges in the past 24 hours $17.591 billion.A large volume can indicate that the price action is more supported and likely to continue.
Volatility
Volatility in Bitcoin prices over the past 30 Days 25.7%.
Index of fear & greed
Today’s market sentiment 27in fear.
Bitcoin market dominance
Bitcoin market dominance today 40.83. Her lowest recorded dominance of any kind was 37.09 on January 1, 2018,
Relative Strength Index, (RSI)
The daily RSI stands at 42.65. Values of 70 or higher indicate that the asset has become overbought and may be poised for a trend reversal or a price correction – an RSI reading of 30 or below indicates an oversold or undervalued condition.
Convince your Nan: Today’s Top
It’s like a wheel. Although the basic architecture of the wheel was not universally accepted, many people realized that it was the best design ever. It’s what we still use today. After a million years spent trying to find the perfect money for everyone, we humans finally found it in 2009. It’s called Bitcoin.”
Max Keizer, Bitcoin Activist
They said it yesterday
Communication is key…
Unfortunate choice of plants
Are you ready to get into the holiday spirit?
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Part One
https://www.youtube.com/watch?v=dvqNMNZTIDE
The second part
https://www.youtube.com/watch?v=WXhX_-Tr5j0
Cautionary Notes
While it is tempting to get caught up with the excitement, please remember these words of caution. Do your research, only invest what you can afford, make wise decisions. We hope that this article will provide some guidance. Keep in mind, This article is not intended to be used as investment advice. City AM, Crypto AM, and Luno always recommend that you seek independent financial advice before investing in or trading in cryptocurrency.
All information correct as of 08:00 GMT
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