Crypto Currency News
Bitcoin
$65,978.16
-377.82
Ethereum
$3,523.48
-26.99
Litecoin
$77.70
-1.9
DigitalCash
$24.97
-0.74
Monero
$173.75
-1.49
Nxt
$0.00
-0
Ethereum Classic
$24.23
-1.17
Dogecoin
$0.13
-0

Ethereum continues to outperform a flat bitcoin

Wednesday December 01, 2021 11:19 AM

A tumultuous start to the week for Bitcoin continues, with the leading cryptocurrency hovering between $ 56,000 and $ 59,000 yesterday as global financial markets continue to shake in the face of the Omicron variant.

Despite the apparent volatility, Bitcoin is actually unchanged in the past 24 hours, up one percent to around $ 57,000. Will we see any more significant movement before the week is up?

For investors, it seems like a back and forth between good and bad news right now. After Moderna’s CEO announced on Monday that vaccines may struggle to provide resistance to Omicron, the CEO of BioNTech said yesterday that his vaccine (manufactured by Pfizer) is likely to provide strong protection against any serious illness from the new Covid Variant will offer. London stocks opened higher for the day, but the waters may still be changeable.

There is also the persistent problem of inflation. Bitcoin’s price fell yesterday following a warning from Federal Reserve Chairman Jerome Powell that the risk of higher inflation has increased, fueling the specter of rate hikes. The move suggests that investors are not yet viewing Bitcoin as a hedge against inflation, much like gold.

This week’s big winner is Ethereum. However, the world’s second largest cryptocurrency by market capitalization is really shrugging off uncertainty. It approached $ 4,800 yesterday, near its all-time high, and is up about seven percent in the past 24 hours. Ether currently outperforms Bitcoin by the largest amount since its launch in 2015 as an alternative to the original cryptocurrency. Ether is up about 530 percent since December, compared to a doubling in value of Bitcoin.

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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

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 $ 2,634,445,198,256, from $ 2,566,164,744,828 yesterday.

What Bitcoin did yesterday

We got yesterday, November 30th, 2021, for the price of. closed $ 57,005.43, down from $ 57,806.57 the previous day. The daily high was $ 59,113.40 yesterday and the daily low was $ 56,057.28.

Around this time last year, Bitcoin closed the day at $ 18,803.00. In 2019, it closed at $ 7,424.29.

Bitcoin market capitalization

Bitcoin’s market capitalization at the time of writing is $ 1.074 trillion. To put it in context, gold’s market cap is $ 11.358 trillion and Tesla is $ 1.149 trillion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the last 24 hours was $ 36,026,281,120, from $ 32,227,712,795 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 47.32%.

Fear and greed index

The market sentiment is today 34, in fear.

Bitcoin’s market dominance

Bitcoin’s market dominance is today 41.27. The lowest dominance ever measured was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 46.00. 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.

Convince your Nan: Soundbite of the day

Bitcoin is “the inevitable future of money”.

US $ 10 billion founder of the deVere Group

What they said yesterday

Bitcoin is inevitable …

The #bitcoin hash rate has almost completely recovered from the China ban.

It’s up over 80% since July

– Bitcoin Magazine (@BitcoinMagazine) November 29, 2021

Relax yourself…

Viewing #Bitcoin as a form of saving rather than an investment takes all the stress out of buying.

– Vijay Boyapati (alreal_vijay) November 30, 2021

Man has rhymes …

“Look, if you had a shot or an opportunity to grab everything you ever wanted in a moment, would you capture it or just let it slip away?” – @Eminem on #Bitcoin

– Michael Saylor⚡️ (@saylor) November 30, 2021

Crypto AM: Editor’s Recommendations

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

El Salvador starts mining Bitcoin using volcanic energy

El Salvador, the first country in the world to adopt Bitcoin as legal tender, has mined over £ 200 worth of BTC using volcanic energy (Photo by Sean Gallup / Getty Images)

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 that. 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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