Crypto AM Daily in association with Luno

By Kimberly Butler

Markets cooling down after yesterday’s highs

Bitcoin posted a high of $18,318 yesterday but the markets have cooled somewhat today with the leading coin at $17,678 at the time of writing. Ethereum is back below $1,300 and trading for $1,287. While the leading cryptos are down from yesterday, both are up by more than 4% over seven days. It also puts Bitcoin down by 0.84% over the last six months, a notable number considering the events of the last few months.

The majority of the crypto market has followed Bitcoin into the red today after yesterday’s action. The Fear and Greed Index is showing a brief respite from extreme uncertainty, albeit still in Fear territory. Will we see this trend continue into the weekend?

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$859.794 billion.

What Bitcoin did yesterday

We closed yesterday, 14 December 2022, at a price of $17,815. The daily high yesterday was $18,318, and the daily low was $$17,739.

Bitcoin market capitalisation

Bitcoin’s market capitalisation at time of writing is$342.665 billion. To put it into context, the market cap of gold is $11.939 trillion and Tesla is $495.13 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $26.067 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 27.69%.

Fear and Greed Index

Market sentiment today is 30, in Fear.

Bitcoin’s market dominance

Bitcoin’s market dominance today is 41.60. Its lowest ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 52.09.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 has no corporation that controls it or issues it—no individual, and no committee. There is no central authority controlling or operating it.”

  • Senator Pat Toomey

What they said yesterday

Patience

Scary. True.

As the Senator says

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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

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

‘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 AM: Features

Crypto AM: Founders Series

https://www.cityam.com/profile/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

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.

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