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Bitcoin sees a strong start to the week as investors shake off the winter blues

Tuesday December 21, 2021 10:49 a.m.

It was a strong start to the week in the cryptocurrency markets, with Bitcoin and other major cryptocurrencies all up around five percent today. Some of the fancier 2021 price predictions may call for a Christmas Miracle at this point, but are we going to usher in 2022 with $ 50,000 Bitcoin?

The leading cryptocurrency by market capitalization is currently changing hands for just under $ 49,000 this morning, up 5.5 percent since that time yesterday and 3 percent since that time last week. Ethereum also got off to a good start to the day, rising almost seven percent to more than $ 4,000 in the past 24 hours. The second largest cryptocurrency is up six percent in the past seven days.

There does not seem to be a clear driver for the strong share price development, although it does reflect a slight upturn in sentiment in the global financial markets. In Europe, the London-based FTSE is currently opening more than one percent higher, while the pan-European Stoxx 50 futures are trading 1.5 percent higher. Over the past month, the crypto market and the stock market have been more closely correlated than for much of the past year. Given the ongoing uncertainty surrounding the Omicron Covid strain, investors could hope it will decouple and branch out on its own in the coming weeks.

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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 $ 2,249,365,469,642, from $ 2,167,566,273,160 yesterday.

What Bitcoin did yesterday

We got yesterday, December 20th, 2021, at the price of. closed $ 46,880.28, down from $ 46,707.01 the previous day. The daily high was $ 47,401.72 yesterday and the daily low was $ 45,579.81.

Around this time last year, Bitcoin price closed the day at $ 22,803.08. In 2019, it closed at $ 7,191.16.

Bitcoin market capitalization

Bitcoin’s market capitalization at the time of writing is $ 916.41 billion. To put it in context, gold’s market cap is $ 11.374 trillion and Tesla is $ 903.77 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the last 24 hours was $ 31,289,034,396, from $ 27,707,170,491 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 57.41%.

Fear and greed index

The market sentiment is today 27, in fear.

Bitcoin’s market dominance

Bitcoin’s market dominance is today 40.78. The lowest dominance ever measured was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 43.86. 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.

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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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