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Bitcoin creeping up on $17k while Ethereum also making strides

Wednesday 30 November 2022 11:48 am

Bitcoin was trading around $16,880 this morning after briefly breaching $17,000 in the early hours, adding 2.31% to its price from yesterday.

Ethereum was also quick out the gates today, trading up 4.40% at $1,265. This means that Ethereum is trading 8.9% higher than this time last week.

Trading momentum in the third-gen crypto markets seems to have slowed somewhat, with Cardano trading flat at $0.3141 and Solana down 0.21%, changing hands for $13.67.

As for the wider market, it’s all eyes on Fed Chair Jerome Powell, today. Investors will be listening closely for any hints about future interest rate hikes in Powell’s address on the future outlook for the US economy.

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 $853.169 billion.

What Bitcoin did yesterday

We closed yesterday, November 29 2022, at a price of $16,444.98. The daily high yesterday was $16,522.26and the daily low was $16,139.40.

Bitcoin market capitalization

Bitcoin’s market capitalization at time of writing is $324.32 billion. To put it into context, the market cap of gold is $11.708 trillion and Tesla is $562.56 billion.

bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $25,050 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 52.51%.

Fear and Greed Index

Market sentiment today is 29in fear.

Bitcoin’s market dominance

Bitcoin’s market dominance today is 40.13. Its lowest ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 41.67. 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 will take care of you if you take care of your Bitcoin.”

John Carvalho, CEO at Synonym

What they said yesterday

Wise man…

Like lightning…

BTC brings the heat…

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We share tips, stories and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to support from Luno, each Pioneer gets £500 of Bitcoin a month to share with beginners, helping them get started.

So, if you’re passionate about Bitcoin, why not join today? Click here to find out more!

All feedback on Crypto AM Daily in association with Luno is welcome via email to 🙏🏻

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Crypto AM: Editor’s picks

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Q&A with Duncan Coutts, Principal Technical Architect at IO Global

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Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’

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MPs are falling silently over the potential of cryptocurrency

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Erica’s ‘Crypto Wars’ handed honors in Business Book Awards

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‘Let people invest’: Matt Hancock makes case for liberal crypto rules

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Explained: Why the Treasury is so sold on stablecoins

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Fears crypto is used to avoid sanctions ‘misplaced,’ says Matt Hancock

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The cryptocurrency fundraisers behind Ukraine’s military effort

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Crypto crazy couple name baby after favorite digital asset

Cryptocurrency-loving parents Bruno Karno and his wife Agatha have named their first-born Cardano in honor of their favorite crypto.

Crypto AM: Features

Crypto AM: Founders Series

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Changpeng 'CZ' Zhao, CEO of Binance

Crypto AM: Contributors

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Charles Hoskinson and James Bowater landscape

Crypto AM: Tomorrow’s Money with Gavin S Brown

Tomorrow's Money with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher

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Crypto AM: Visions of the Future, Past & Present with Alex Lightman

Alex Lightman Visions of the future, past and present

Crypto AM: Tiptoe through the Crypto with Monty Munford

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Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry

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Crypto on the catwalk

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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

part two

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.

All information is correct as of 08:00 BST

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