Monday, December 13, 2021 10:52 a.m.
What a difference a year makes. Last December, Bitcoin price soared more than 30% over the course of the month, rising from $ 19,000 to just under $ 30,000. The mood was good, with the Fear and Greed Index (which measures customer sentiment) basically staying strong in Extreme Greed throughout the month.
Fast forward to today, and although the largest cryptocurrency is currently almost twice as high as it is at around $ 50,000 a month, the mood is more uncertain. The Fear and Greed Index is currently in fear of where it has spent much of the past few months, and it’s unclear which direction we’ll be headed next.
Despite the uncertainty, Bitcoin spent much of the past week recovering from the previous weekend’s crash, climbing back above the $ 50,000 mark on Sunday.
The rebound came two days after the S&P 500 closed at levels near its all-time high on Friday as global financial markets continued to rally amid uncertainty over the Omicron variant. It has since fallen to about $ 49,000, down about one percent from the previous day’s price but up two percent for the week. This follows other major cryptocurrencies that have also been largely immobile over the past day and have actually broken even in the past week. Will the recovery last this week?
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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 $ 2,262,085,882,667.
What Bitcoin did yesterday
We got yesterday, December 12th, 2021, at the price of. closed $ 50,098.34, down from $ 49,362.51 the previous day. The daily high was $ 50,724.87 yesterday and the daily low was $ 48,725.85.
Around this time last year, Bitcoin price closed the day at $ 19,142.38. In 2019, it closed at $ 7,269.68.
Bitcoin market capitalization
Bitcoin’s market capitalization at the time of writing is $ 926.57 trillion. To put it in context, the market cap of gold is $ 11.341 trillion and Tesla is $ 1.021 trillion.
Bitcoin volume
The total spot trading volume reported by all exchanges in the last 24 hours was $ 22,952,184,381. 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 58.77%.
Fear and greed index
The market sentiment is today 28, in fear.
Bitcoin’s market dominance
Bitcoin’s market dominance is today 41.76. The lowest dominance ever measured was 37.09 on January 8, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 38.03. 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
“I don’t think there’s anything more important in my life to work on [than Bitcoin]. “
Jack Dorsey
What they said yesterday
If you have a minute …
Inflation doesn’t have to be the future …
Instantly spend the paycheck to beat inflation – Bloomberg
Just buy #Bitcoin 😎
– Bitcoin archive 🗄🚀🌔 (@BTC_Archive) December 12, 2021
The numbers tell a story …
482 #Bitcoin depleted since the last tweet.
New offer: 18,899,625
It represents $ 23,670,285 (at $ 49,108 per $ BTC #BTC)
Progress: 90.00%
– Bitcoin Supply Bot (@btcsupply) December 13, 2021
Crypto AM: Editor’s Recommendations
Exclusive: FTSE tracks the development of the Digital Asset Index in Crypto Push
(Photo by Lionel Healing / Getty Images)
Crypto could give London a unique post-Brexit advantage, says Hammond
https://www.cityam.com/crypto-could-give-london-a-unique-post-brexit-advantage-says-hammond/
Diamond claws: crypto trading hamster dies after outstanding investment career
New cryptocurrency called ‘JRR Token’ blocked by lawyers for Lord of the Rings creator Tolkien
El Salvador is building Bitcoin city at the foot of the volcano
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
Krypto AM: features
Krypto AM: Spotlighthttps://www.cityam.com/bumper-set-to-fire-up-its-liquidity-provision-program-today/embed/
Crypto AM: Founder Series https://www.cityam.com/using-blockchain-to-overcome-the-challenge-of-universal-connectivity/embed/
Crypto AM: Industry voices https://www.cityam.com/the-unforeseen-reputational-risks-of-nfts-and-how-to-avoid-them/embed/
Krypto AM: Contributors
Crypto AM: In conversation with James Bowaterhttps://www.cityam.com/creating-a-future-of-access-to-financial-tools-for-everyone-with-meld/embed/
Crypto AM: Tomorrow’s Money with Gavin S Brownhttps://www.cityam.com/will-tesla-change-direction-on-bitcoin-again/embed/
Crypto AM: Mixing in the Metaverse with Dr. Chris Kacherhttps://www.cityam.com/the-metaverse-is-here-and-even-facebook-is-getting-on-board/embed/
Crypto AM: Visions of the Future, Past and Present with Alex Lightman https://www.cityam.com/e-naira-digitising-nigeria-improving-lives-and-advancing-national-infrastructure/embed/
Crypto AM: Tiptoe through the Crypto with Monty Munford https://www.cityam.com/ive-spotted-curious-similarities-between-bitcoin-and-the-taliban/embed/
Crypto AM: Get a byte out of digital assets with Jonny Fry
Crypto AM: Parliamentary Special Offer
Part one of two – April 2021https://www.cityam.com/the-government-is-cautious-about-crypto-but-i-think-well-get-there/embed/
Part two of two – April 2021https://www.cityam.com/opening-our-eyes-to-financial-inclusion-for-the-good-of-the-economy/embed/
Five-part series – March 2021
Day one…https://www.cityam.com/financial-services-bill-time-to-act/embed/
Day two …https://www.cityam.com/financial-institutions-should-consider-appointing-ai-officers/embed/
Day three …https://www.cityam.com/dlt-may-not-be-the-silver-bullet-but-its-worth-a-shot/embed/
Day four …https://www.cityam.com/theres-a-real-prize-for-the-uk-to-lead-when-it-comes-to-distributed-digital-id/embed/
Day five …https://www.cityam.com/we-need-to-strap-a-rocket-to-the-governments-fintech-thinking/embed/
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 provided 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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