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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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
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
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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
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Day five …
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