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
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 $ 2,662,433,426,057, 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.
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?
Dan Loeb |
Paul Tudor Jones
– Eric Weiss ⚡️ (@Eric_BIGfund) November 12, 2021
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.
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
Binance investigated on suspicion of insider trading
Cardano Alonzo Upgrade sees 100 smart contracts in the first 24 hours
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
Day two …
Day three …
Day four …
Day five …
Krypto AM: Events
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