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Crypto markets struggled to wake up as Bitcoin clings on above $16,000

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.

https://www.cityam.com/CAMSA22/

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.

bitcoin volume

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.

volatility

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

well said…

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

Would you like to help spread the adoption and education of Bitcoin in the UK and even stack some Sats while you’re doing it? Well, now you can!

the Bitcoin Pioneers community, backed by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members right across the UK.

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

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

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: Editor’s picks

Three-in-four wealth managers are gearing up for more cryptocurrency exposure

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Crypto.com granted FCA license to operate in UK

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Q&A with Duncan Coutts, Principal Technical Architect at IO Global

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Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’

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MPs are falling silently over the potential of cryptocurrency

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Erica’s ‘Crypto Wars’ handed honors in Business Book Awards

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‘Let people invest’: Matt Hancock makes case for liberal crypto rules

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Explained: Why the Treasury is so sold on stablecoins

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Fears crypto is used to avoid sanctions ‘misplaced,’ says Matt Hancock

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The cryptocurrency fundraisers behind Ukraine’s military effort

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Crypto crazy couple name baby after favorite digital asset

Cryptocurrency-loving parents Bruno Karno and his wife Agatha have named their first-born Cardano in honor of their favorite crypto.



Crypto AM: Features

Crypto AM: Founders Series

This image has an empty alt attribute;  its file name is GettyImages-1169704211.jpghttps://www.cityam.com/profile/crypto-am-founders-series/

Crypto AM: Industry Voices

Changpeng 'CZ' Zhao, CEO of Binance

Crypto AM: Contributors

Crypto AM: In Conversation with James Bowater

Charles Hoskinson and James Bowater landscape

Crypto AM: Tomorrow’s Money with Gavin S Brown

Tomorrow's Money with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher

Dr Chris Kacher Mixing in the Metaverse

Crypto AM: Visions of the Future, Past & Present with Alex Lightman

Alex Lightman Visions of the future, past and present

Crypto AM: Tiptoe through the Crypto with Monty Munford

Monty Munford robbed out header

Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry

Jonny Fry Taking a Byte out of Digital Assets

Crypto on the catwalk

Stefania Barbaglio Crypto on the Catwalk

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

part one

https://www.youtube.com/watch?v=dvqNMNZTIDE

part two

https://www.youtube.com/watch?v=WXhX_-Tr5j0

Cautionary Notes

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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