Bitcoin settles at $42,600 as crypto markets shuffle sideways

BITCOIN and many other large-caps continue to trade sideways, showing little movement over 24 hours. The market leader is still circling the $42,600 level, while Ethereum remains priced around $2,500. 

It’s a mixed bag in next-gen crypto markets, with Solana up by more than 3% and others such as Chainlink down by 2% as it sheds some of yesterday’s gains. 

Market indicators continue to reflect some greed, even as dust on the BTC ETF launch starts to settle.

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In the Markets

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Days to BTC Halving

97

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Total crypto market cap

$1.68 trillion (-0.36%)

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What Bitcoin did yesterday

 Daily high $43,192 |  Daily low $42,211

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Bitcoin market capitalisation

$839.31 billion (+0.36%)

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Bitcoin volume

$20.1 billion (-17.1%)

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Ethereum staking entry queue

2 hours 30 minutes

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SP500

-0.56%

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Fear and Greed Index

61 (Greed) 

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Bitcoin’s market dominance

51.22

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Bitcoin Simple Moving Average (50) 

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Value $33,935

Sell (Tradingview)

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Relative Strength Index (RSI)

47.73

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, while 30 or below indicates an oversold or undervalued condition.

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Post Script…

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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. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.

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