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Bitcoin continues to gain ground as crypto markets look to establish stability – City AM

Wednesday 11 January 2023 11:08 am

Analysts say the bump in market optimism may be due to investor expectations of slightly lower Consumer Price Index numbers to be released tomorrow.

Bitcoin is trading up by 1% over 24 hours at $17,440 this morning. Ethereum is changing hands for $1,335, up a more modest 0.49%. This means that Bitcoin has risen by 3.38% over seven days, while Ethereum is in the positive by 6.59%.

Cryptocurrencies and equities seem to be trading closely again as the SP500 and the Dow Jones both opened in the green this morning.

Yesterday’s Crypto AM Daily in association with Luno

In the markets

The Bitcoin economy

*Data can be found at

Total crypto market cap

The total capitalization of the entire cryptocurrency market at the time of writing is currently $851.640 billion.

What Bitcoin did yesterday

We closed yesterday, January 9, at a price of $17,196. The daily high yesterday was $17,389, and the daily low was $17,093.

Bitcoin market capitalization

Bitcoin’s market capitalization at time of writing is $332.49 billion. To put it into context, the market cap of gold is $12.4 trillion and Tesla is $378.2 billion.

bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $16.336 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 23.27%.

Fear and Greed Index

Market sentiment today is 26, in Fear.

Bitcoin’s market dominance

Bitcoin’s market dominance today is 41.03. Its lowest ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 57.76. 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

“We see Bitcoin as the internet’s potential to have a native currency.” Jack Dorsey, CEO of Square

What they said yesterday

Great concept…

?NEW VIDEO!Could #Bitcoin mining revolutionize the $165B district heating market – and eliminate MILLIONS of tonnes of CO2 in the process?? See how one Bitcoiner is building “digital” boilers that replace heating systems in a whiskey distillery, an apartment building + more!— Julian Figueroa (@kinetic_finance) January 9, 2023

When infinite liquidity meets absolute scarcity…

The future is bright…

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