By Darren Parkin
Bitcoin is trading around $30,100 this morning as investors continue to support the psychological $30k level.
Ethereum’s Ether is changing hands for $1.8k, with both market market leaders moving sideways.
Some of the third-gen large caps have seen deep retracements over the weekend, with SOL (Solana) down by 4%, AVAX (Avalanche) in the red by 5%, and UNI (Uniswap) 2%. The markets continue to watch closely for any progress on the BTC ETF spot listing.
Friday’s Crypto AM Daily
In the Markets
The Bitcoin Economy
*Data can be found at https://terminal.bytetree.com/
🌅Total crypto market cap
🔵 $1.17 trillion
What Bitcoin did yesterday
🌄 Closed $30,171
🔺 Daily high $30,427
🔻 Daily low $30,085
Bitcoin market capitalisation
🟠 BTC $584.519 billion
🟡 Gold $12.729 trillion
💳 Visa $495.22 billion
Bitcoin volume
🪣 Total spot trading volume $8.844 billion
SP500
🌅 24hrs-0.29%
Fear and Greed Index
Bitcoin’s market dominance
📊 51.56
Relative Strength Index (RSI)
💪 53.61
What they said yesterday
“There have been four Bitcoin bull markets (2011, 2013, 2017 and 2021) and the ‘one-year high for the first time in a year’ signal has predicted each of the last three.”
Markus Thielen, Head of research and strategy at Matrixport
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Crypto AM: Editor’s picks
FCA’s new crypto advertising rules met with mixed industry response
ChatGPT urges crypto conference panel not to become over-reliant on AI
Mt. Gox customers will have to wait until November to recover lost Bitcoin funds
Sam Bankman-Fried: A tissue of lies soaked with fake tears?
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
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
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.
