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Bitcoin falls below $ 60,000 for the first time in a fortnight

Tuesday November 16, 2021 11:06 AM

Cryptocurrency markets are bearish this morning, with prices of both Bitcoin and Ethereum falling nearly 10% in the past 24 hours.

Bitcoin – the largest cryptocurrency by market cap – fell below $ 60,000 for the first time in two weeks. The decline follows the network’s taproot upgrade over the weekend, an event many speculated about could drive the price higher. It could be that this was already “priced in,” meaning that people bought Bitcoin in anticipation of higher demand that didn’t take effect immediately.

The drop in prices also followed comments from Twitter’s CFO Ned Segal that it “doesn’t make sense” to invest cash in crypto assets like Bitcoin at the moment. While Twitter was not expected to add Bitcoin to its treasury reserves, the social media giant is considered optimistic about crypto and has taken a number of steps in this area, so such a statement may have a negative impact could have had the mood.

It appears that all cryptocurrencies have followed in the wake of Bitcoin, with the majority falling more than 10% at the time of writing. The global crypto market was valued at nearly $ 3 trillion last week, but has slipped to just over $ 2.5 trillion this morning.

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Yesterday Crypto AM Daily in collaboration with Luno

Bitcoin price

In the markets

The bitcoin economy

* Definitions and findings can be found at

Total crypto market capitalization

The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 2,662,433,426,057, from $ 2,879,243,794,584 yesterday.

What Bitcoin did yesterday

We got yesterday, November 15, 2021, for the price of. closed $ 63,557.87, down from $ 65,466.84 the previous day. The daily high was $ 66,281.57 yesterday and the daily low was $ 63,548.14.

Around this time last year, Bitcoin price closed the day at $ 16,068.14. In 2019, it closed at $ 8,708.10.

Bitcoin market capitalization

Bitcoin’s market capitalization at the time of writing is $ 1.143 trillion. To put it in context, gold’s market cap is $ 11.868 trillion and Tesla is $ 1.037 trillion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the last 24 hours was $ 38,418,721,621, from $ 26,500,097,249 yesterday. High volumes may indicate that any significant price move has stronger support and is more likely to be sustained.


Bitcoin’s price volatility over the past 30 days is 41.74%.

Fear and greed index

The market sentiment is today 71, still in greed.

Bitcoin’s market dominance

Bitcoin’s market dominance is today 43.42. The lowest dominance ever measured was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 48.02. A reading of 70 or above indicates that an asset is being overbought and may be prepared for a trend reversal or price correction – an RSI of 30 or below indicates an oversold or undervalued condition.

Convince your Nan: Soundbite of the day

Just as we argue that silver is the poor man’s gold, gold may become the poor man’s crypto.

Damian Courvalin, Head of Energy Research at Goldman Sachs

What they said yesterday

El Salvador sets the tone

In El Salvador, more people are using #bitcoin wallets than bank accounts! 🙌

– Bitcoin archive 🗄🚀🌔 (@BTC_Archive) November 15, 2021

Hodl: are you doing that?

Jack Dorsey
Tim cook
Elon Musk
Mark Zuckerberg
Ray Dalio
George Soros
Steve Cohen
Dan Loeb |
Bill Miller
Peter Thiel
Stan Druckermiller
Paul Tudor Jones
Alan Howard
Abigale Johnson
Michael Saylor
Ricardo Salinas
Mark Cuban
Chamath P
Lionel Messi
Tom Brady

– Eric Weiss ⚡️ (@Eric_BIGfund) November 12, 2021

Efficiency …

Crypto AM: Editor’s Recommendations

Bitcoin’s long-awaited taproot upgrade is here

Bitcoin's long-awaited taproot upgrade has just hit the home network.Bitcoin’s long-awaited taproot upgrade has just hit the home network.

NFTs to fund new cryptocurrency film

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

Hong Kong's first Bitcoin counter opens to the public

Binance investigated on suspicion of insider trading

Changpeng Zhao Binance CEO

Cardano Alonzo Upgrade sees 100 smart contracts in the first 24 hours

Cardano coin

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Part two of two – April 2021

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Day one…

Day two …

Day three …

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Day five …

Krypto AM: Events

Warning notices

It is certainly tempting to get carried away with the excitement, but please heed this warning: do your own research, invest only what you can afford, and make good decisions. Hopefully the indicators included in this article will help with this. However, do not forget The content of this article is for informational purposes only and does not constitute investment advice or any form of recommendation or invitation. City AM, Crypto AM and Luno always advise you to seek your own independent financial advice before investing or trading in cryptocurrency.

All information is correct as of 8:00 AM BST

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