Friday, October 22, 2021 12:31 p.m.
Bitcoin and its crypto cohorts took a well-deserved breather yesterday after a monumental boost that has seen tremendous strides across the board.
After hitting an all-time high of $ 67,000 on Wednesday, BTC dropped its anchor while waiting for the altcoin fleet to catch up.
Ethereum led the indictment – and came temptingly close to its all-time high of $ 4,384 on May 12.
Bitcoin clearly rebounded and was undoubtedly out of breath, nearly closing at $ 62,000 yesterday, Ethereum at $ 4,050. However, thanks to an early start, both market leaders rose again today.
Bitcoin is currently changing hands for $ 63,500 while Ethereum is back in the $ 4,150 range.
Remember, this was before much of the US even thought about breakfast. Will we rise again when the coffee is appreciated from coast to coast?
Others to watch out for include Cardano, which, largely unimpressed by the rollercoaster of the week, looks like it’s about to join the party after moving off the $ 2 line and back towards $ 2.25 .
Polkadot also appears to be seeing some climbs as it continues its remarkable march above $ 45 today.
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Yesterday Crypto AM Daily in collaboration with Luno
In the markets
The bitcoin economy
* Definitions and findings can be found at https://bytetree.com/insights/
Total crypto market capitalization
The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 2,586,120,356,142.
What Bitcoin did yesterday
We got yesterday, October 21, 2021, for the price of. closed $ 62,210.17, down from $ 65,992.84 the previous day. The daily high was $ 66,600.55 yesterday and the daily low was $ 62,117.41.
Around this time last year, Bitcoin’s price closed the day at $ 12,965.89. In 2019, it closed at $ 8,078.20.
Bitcoin market capitalization
Bitcoin’s market capitalization at the time of writing is $ 1.181 trillion. To put it in context, gold’s market cap is $ 11.398 trillion and Facebook is $ 963.91 billion.
Bitcoin volume
The total spot trading volume reported by all exchanges in the last 24 hours was $ 43,165,271,073, from $ 45,566,193,992 yesterday. High volumes may indicate that any significant price move has stronger support and is more likely to be sustained.
volatility
Bitcoin’s price volatility over the past 30 days is 48.81%.
Fear and greed index
The market sentiment is today 75, in greed.
Bitcoin’s market dominance
Bitcoin’s market dominance is today 45.73, down from 46.36 yesterday. The lowest dominance ever measured was 37.09 on January 8, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 66.03, down from 72.55 yesterday. A reading of 70 or above indicates that an asset is being overbought and may be prepared for a reversal or price correction – an RSI of 30 or below indicates an oversold or undervalued condition.
Convince your Nan: Soundbite of the day
Gold was the currency index of the 19th century until it was replaced by a number of regional stock indices in the 20th century. Bitcoin will be the most important currency index of the 21st century
Michael Saylor, entrepreneur and managing director
What they said yesterday
It’s decentralized …
Almost immediately …
Someone has just moved $ 1 billion worth of BTC for a transaction fee of $ 1.75
The magic of #Bitcoin ✨
– Bitcoin Magazine (@BitcoinMagazine) October 21, 2021
The future is now…
Walmart now has #bitcoin ATMs installed in dozens of locations.
– CoinDesk
– Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) October 21, 2021
The joy of a hodler …
The $ 1,200 stimulus check sent in April 2020 would now be worth over $ 12,000 in #Bitcoin
– Charlie Shrem (@CharlieShrem) October 20, 2021
Crypto AM: Editor’s Recommendations
Bank of England: Crypto regulation needs to be pursued as an ‘urgency’
Former Chancellor Philip Hammond joins the crypto start-up Copper
Former Chancellor of the Exchequer Philip Hammond joins crypto startup Copper (Photo by Jeff J Mitchell / Getty Images)
El Salvador starts mining Bitcoin using volcanic energy
El Salvador, the first country in the world to adopt Bitcoin as legal tender, has mined over £ 200 worth of BTC using volcanic energy (Photo by Sean Gallup / Getty Images)
Bitcoin is booming, but crypto stocks listed in Hong Kong are slipping after the crackdown in China
Cardano promises “industry-defining announcements” at its biggest summit of all time
Binance investigated on suspicion of insider trading
Cardano Alonzo Upgrade sees 100 smart contracts in the first 24 hours
Morgan Stanley creates new research team led by Sheena Shah
Krypto AM: features
Krypto AM: Spotlight
Crypto AM: Founder Series
Crypto AM: Industry voices
Krypto 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 and Present with Alex Lightman
Crypto AM: Tiptoe through the Crypto with Monty Munford
Crypto AM: Get a byte out of digital assets with Jonny Fry
Crypto AM: Parliamentary Special Offer
Part one of two – April 2021
Part two of two – April 2021
Five-part series – March 2021
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Day five …
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