Crypto Currency News
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$65,777.25
+710.52
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+42.23
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$75.17
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Dogecoin
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Slow start for Bitcoin, but cryptocurrency outperforms stocks and shares

Wednesday, January 5, 2022, 11:21 a.m.

The cryptocurrency markets are largely flat this morning. Bitcoin is up 1 percent to just under $ 47,000, while the second largest cryptocurrency, Ethereum, is up 1.5 percent to around $ 3,800.

A number of commentators, including El Salvador’s Nayib Bukele, have boldly predicted that Bitcoin will hit the elusive milestone of $ 100,000 this year. Evidence so far suggests it could be a long way.

While it was a relatively quiet start to the year for crypto compared to 2021 when it burst out of the gate, it at least outperformed the stock markets. Yesterday, Asian stocks, S&P 500 futures and tech-heavy Nasdaq futures all fell, while European stock markets opened this morning as well.

Analysts have suggested markets are hit by growing belief that the US Federal Reserve will raise interest rates in March from the 25.9 percent probability a month ago.

Over the past year, rumors of rate hikes have often caused the leading cryptocurrency to move down in line with riskier tech stocks. Will 2022 be the year Bitcoin breaks out of this cycle and is seen as the safe haven that many in the crypto community consider it to be?

Would you like to help spread the introduction and formation of Bitcoin in the UK and even pile some sats while you do so? Well now you can!

the Bitcoin pioneers Community, backed 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 $ 2,229,527,771,967, from $ 2,225,180,411,845 yesterday.

What Bitcoin did yesterday

We got yesterday, January 4th, 2022, at the price of. closed $ 45,897.58, down from $ 46,458.12 the previous day. The daily high was $ 47,406.55 yesterday and the daily low was $ 45,752.46.

Around this time last year, Bitcoin’s price closed the day at $ 33,992.43. In 2020, it closed at $ 7,411.32.

Bitcoin market capitalization

Bitcoin’s market capitalization at the time of writing is $ 877.74 billion. To put it in context, gold’s market cap is $ 11.523 trillion and Tesla is $ 1.154 trillion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the last 24 hours was $ 45,288,793,447, from $ 34,534,565,122 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 41.65%.

Fear and greed index

The market sentiment is today 24, in extreme fear.

Bitcoin’s market dominance

Bitcoin’s market dominance is today 39.46. The lowest dominance ever measured was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 39.62. 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 will continue to overtake gold, $ 100,000 is possible.”

Goldman Sachs analysts

What they said yesterday

We have come a long way …

The HODL community is growing …

Crypto AM: Editor’s Recommendations

Bitcoin hashrate hits new all-time high

Bitcoin Mining Company - Illustrations of Cryptocurrency

Peter McCormack: Bedford FC transformed into a global Bitcoin brand

In an interview with Crypto AM, Bitcoin investor and podcaster Peter McCormack talks about buying Bedford FC.

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

This picture has an empty alt attribute;  the filename is 001-philip-hammond-cutout-57ed5191a2921-57ed5191b2a36.jpghttps://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

This picture has an empty alt attribute;  its filename is ring-g1445cfd83_1920.jpg

El Salvador is building Bitcoin city at the foot of the volcano

Bitcoin city

Krypto AM: features

Krypto AM: Spotlighthttps://www.cityam.com/bumper-set-to-fire-up-its-liquidity-provision-program-today/embed/

Crypto AM: Founder Series https://www.cityam.com/using-blockchain-to-overcome-the-challenge-of-universal-connectivity/embed/

Crypto AM: Industry voices https://www.cityam.com/the-unforeseen-reputational-risks-of-nfts-and-how-to-avoid-them/embed/

Krypto AM: Contributors

Crypto AM: In conversation with James Bowaterhttps://www.cityam.com/creating-a-future-of-access-to-financial-tools-for-everyone-with-meld/embed/

Crypto AM: Tomorrow’s Money with Gavin S Brownhttps://www.cityam.com/will-tesla-change-direction-on-bitcoin-again/embed/

Crypto AM: Mixing in the Metaverse with Dr. Chris Kacherhttps://www.cityam.com/the-metaverse-is-here-and-even-facebook-is-getting-on-board/embed/

Crypto AM: Visions of the Future, Past and Present with Alex Lightman https://www.cityam.com/e-naira-digitising-nigeria-improving-lives-and-advancing-national-infrastructure/embed/

Crypto AM: Tiptoe through the Crypto with Monty Munford https://www.cityam.com/ive-spotted-curious-similarities-between-bitcoin-and-the-taliban/embed/

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 2021https://www.cityam.com/the-government-is-cautious-about-crypto-but-i-think-well-get-there/embed/

Part two of two – April 2021https://www.cityam.com/opening-our-eyes-to-financial-inclusion-for-the-good-of-the-economy/embed/

Five-part series – March 2021

Day one…https://www.cityam.com/financial-services-bill-time-to-act/embed/

Day two …https://www.cityam.com/financial-institutions-should-consider-appointing-ai-officers/embed/

Day three …https://www.cityam.com/dlt-may-not-be-the-silver-bullet-but-its-worth-a-shot/embed/

Day four …https://www.cityam.com/theres-a-real-prize-for-the-uk-to-lead-when-it-comes-to-distributed-digital-id/embed/

Day five …https://www.cityam.com/we-need-to-strap-a-rocket-to-the-governments-fintech-thinking/embed/

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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