Monday 21 November 2022 10:58 am
The prices of Bitcoin and Ethereum are down today, with Bitcoin trading for $16,060 and Ethereum valued at $1,119, this morning.
It’s a continuation of a trend that’s been ongoing in crypto markets for a week now, with the majority of cryptocurrencies feeling the pressure.
Crypto indicators are reflecting current market conditions. The Fear & Greed Index continues to hover in “Extreme Fear” as investors navigate the current environment.
Have you booked your tickets for the Crypto AM Summit and Awards? Click here… Crypto AM Summit & Awards 2022 – CityAM
Yesterday’s Crypto AM Daily in association with Luno
In the markets
The Bitcoin economy
*Data can be found at https://terminal.bytetree.com/
Total crypto market cap
The total capitalization of the entire cryptocurrency market at the time of writing is currently $794.995 billion.
What Bitcoin did yesterday
We closed yesterday – November 20 2022 – at a price of $16,291.83. The daily high yesterday was $16,746.78and the daily low was $16,248.69.
Bitcoin market capitalization
Bitcoin’s market capitalization at time of writing is $308.02 billion. To put it into context, the market cap of gold is $11.493 trillion and Tesla is $560.57 billion.
The total spot trading volume reported by all exchanges over the last 24 hours was $29,373 trillion. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.
The price volatility of Bitcoin over the last 30 days is 53.35%.
Fear and Greed Index
Market sentiment today is 21in Extreme Fear.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 40.93. Its lowest ever recorded dominance was 37.09 on January 1 2018.
Relative Strength Index (RSI)
The daily RSI is currently 28.75. Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price – an RSI reading of 30 or below indicates an oversold or undervalued condition.
Convince your Nan: Soundbite of the day
“Bitcoin has come much further and much faster than people expected. There was a saying in the early dotcom era about “internet time,” and bitcoin time seems to be moving even faster.”
Adam Back, Co-Founder/CEO Blockstream
What they said yesterday
The killer app for crypto is money, and the best engineered crypto network to serve as money is #Bitcoin. It is economically, technically, & ethically superior to everything else, so I suggest you study Satoshi’s protocol & Bitcoin’s provenance before making major commitments.
— Michael Saylor⚡️ (@saylor) November 20, 2022
Freedom comes in many forms…
A difference in perspective…
Buffett and Munger, if you listen to their talks, don’t dismiss bitcoin.
Instead, they *hate* bitcoin. They view it as undermining central banking.
They actually understand the idea, but don’t benefit from it. They don’t like the separation of money and state. https://t.co/PVS0CkfELw
— Lyn Alden (@LynAldenContact) November 21, 2022
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All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻
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Crypto AM: Visions of the Future, Past & Present with Alex Lightman
Crypto AM: Tiptoe through the Crypto with Monty Munford
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Crypto AM: Events
For those of you who missed the Crypto AM DeFi & Digital Inclusion online summit 2021 – you can now watch the event in two parts via YouTube
It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. City AM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.
All information is correct as of 08:00 BST
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