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$69,286.88
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Bitcoin’s return to shape continues as global markets rebound

Tuesday December 07, 2021 11:18 AM

Bitcoin continued its steady recovery yesterday. It is currently changing hands for more than $ 51,000, up eight percent in the last 24 hours. The largest cryptocurrency by market cap is still down nine percent over the past week, but recapturing the psychologically important $ 50,000 level has kept the mood on at least Twitter.

The recovery reflects a broader general recovery in global financial markets. European stock markets opened higher this morning as investor fears over the Omicron variant, given the positive statements made by Dr. Fauci and the WHO is waning. China’s imports also rose in November, which eased worries about the global economy. How closely are the two correlated?

Elsewhere, ether has risen by over 11 percent to more than $ 4,400, now only one percent since that time seven days ago, despite the weekend drama. Solana, Polkdadot and Cardano have also seen double-digit gains since yesterday morning.

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the Bitcoin pioneers Community, supported by Barry Silberts Digital Currency Group, was formed to bring Bitcoin to a mainstream audience in meaningful ways and now has members across the UK.

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

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

All feedback on Crypto AM Daily in partnership with Luno is welcomed by email at James.Bowater@cityam.com

Yesterday Crypto AM Daily in collaboration with Luno

Bitcoin price

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 $ 2,373,024,875,842 from $ 2,261,350,593,012 yesterday.

What Bitcoin did yesterday

We got yesterday, December 6th, 2021, at the price of. closed $ 50,582.63, down from $ 49,368.85 the previous day. The daily high was $ 50,929.52 yesterday and the daily low was $ 47,281.04.

Around this time last year, Bitcoin price closed the day at $ 19,345.12. In 2019, it closed at $ 7,556.24.

Bitcoin market capitalization

Bitcoin’s market capitalization at the time of writing is $ 966.7 trillion. To put it in context, the market cap of gold is $ 11.319 trillion and Tesla is $ 1.013 trillion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the last 24 hours was $ 38,210,323,739, from $ 34,200,667,722 yesterday. 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 62.07%.

Fear and greed index

The market sentiment is today 25th, in fear.

Bitcoin’s market dominance

Bitcoin’s market dominance is today 41.11. The lowest dominance ever measured was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 37.73. A reading of 70 or above indicates that an asset is being overbought and may be prepared for a reversal or price correction – an RSI of 30 or below indicates an oversold or undervalued condition.

Convince your Nan: Soundbite of the day

“Bitcoin is intelligent protection for investors.”

$ 100 billion chairman of Starwood Capital Group

What they said yesterday

Dessert, anyone?

Adoption is real …

But we’re still early …

Crypto AM: Editor’s Recommendations

Exclusive: FTSE tracks the development of the Digital Asset Index in Crypto Push

FTSE continues to decline amid growing recession concerns(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

The first hamster to become a crypto investment guru, Mr Goxx, has died of unknown reasons.

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 city

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

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

Jonny Fry takes a byte out of digital assets

Crypto AM: Parliamentary Special Offer

Part one of two – April 2021

Part two of two – April 2021

Five-part series – March 2021

Day one…

Day two …

Day three …

Day four …

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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