Flat market shows crypto investors are waiting for a sign


Flat market shows crypto investors are waiting for a sign

Bitcoin and Ethereum are up by the slightest of margins from yesterday. The original cryptocurrency continues to trade below the key $17,000 level at $16,832, while Ethereum is hovering around $1,233 this morning.

There’s also not much action in the rest of the crypto markets this morning, but Uniswap may be the noteworthy exception. The third-generation token is trading up 0.56% on the day and +3.54% in the last week. 

The entire crypto market cap has increased slightly from yesterday to $841 billion, but the Fear and Greed Index is still reflecting Extreme Fear as investors opt to wait and see what happens next. 

Yesterday’s Crypto AM Daily in association with Luno


Flat market shows crypto investors are waiting for a sign

In the markets


Flat market shows crypto investors are waiting for a sign

The Bitcoin economy


Flat market shows crypto investors are waiting for a sign

*Data can be found at https://terminal.bytetree.com/ 

Total crypto market cap

The total capitalisation of the entire cryptocurrency market at time of writing is currently $841.710 billion. 

What Bitcoin did yesterday

We closed yesterday, December 7 2022, at a price of $16,848. The daily high yesterday was $17,109, and the daily low was $16,750.

Bitcoin market capitalisation

Bitcoin’s market capitalisation at time of writing is $323.94 billion. To put it into context, the market cap of gold is $11.84 trillion and Tesla is $541.43 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $17.357 billion. 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 44.7%.

Fear and Greed Index

Market sentiment today is 25, in Fear.


Flat market shows crypto investors are waiting for a sign

Bitcoin’s market dominance

Bitcoin’s market dominance today is 40.61. Its lowest ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 41.72. 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

“Crypto, blockchain and distributed-ledger technology are going to be developed further in the future and increasingly used to trade financial assets.”

Morgan Stanley 

What they said yesterday

Likely? 

Early birds…

Losses come and go, same for gains…


Flat market shows crypto investors are waiting for a sign

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 [email protected] ??


Flat market shows crypto investors are waiting for a sign

Crypto AM: Editor’s picks

Sam Bankman-Fried: A tissue of lies soaked with fake tears?


Flat market shows crypto investors are waiting for a sign

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


Flat market shows crypto investors are waiting for a sign

Crypto.com granted FCA licence to operate in UK


Flat market shows crypto investors are waiting for a sign

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


Flat market shows crypto investors are waiting for a sign

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


Flat market shows crypto investors are waiting for a sign

MPs are falling silent over potential of cryptocurrency


Flat market shows crypto investors are waiting for a sign

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


Flat market shows crypto investors are waiting for a sign

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


Flat market shows crypto investors are waiting for a sign

Explained: Why the Treasury is so sold on stablecoins


Flat market shows crypto investors are waiting for a sign

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


Flat market shows crypto investors are waiting for a sign

The cryptocurrency fundraisers behind Ukraine’s military effort


Flat market shows crypto investors are waiting for a sign

Crypto AM: Features 

Crypto AM: Founders Series 


Flat market shows crypto investors are waiting for a sign

Crypto AM: Industry Voices 


Flat market shows crypto investors are waiting for a sign

Crypto AM: Contributors 

Crypto AM: In Conversation with James Bowater


Flat market shows crypto investors are waiting for a sign

Crypto AM: Tomorrow’s Money with Gavin S Brown


Flat market shows crypto investors are waiting for a sign

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher


Flat market shows crypto investors are waiting for a sign

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


Flat market shows crypto investors are waiting for a sign

Crypto AM: Tiptoe through the Crypto with Monty Munford 


Flat market shows crypto investors are waiting for a sign

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


Flat market shows crypto investors are waiting for a sign

Crypto on the catwalk


Flat market shows crypto investors are waiting for a sign

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

Source: www.cityam.com