Doge still stacking gains as Bitcoin battles to take $92,000

BITCOIN'S $90,000 price level has proven resilient this morning, with bulls defending it three times and pushing the price comfortably towards $92,000 where further resistance appears to be lying.

The frantic price action of recent weeks has eased for the moment, replaced by a more measured pace marked by occasional spikes and dips.

Dogecoin continues to climb, adding 5% overnight, while XRP, despite shedding some of last week’s explosive gains, remains up an impressive 80% over seven days.

Market consolidation is the theme, but the prevailing sentiment hasn’t wavered – 'Extreme Greed' still dominates the Fear and Greed Index, and overall crypto market capitalisation remains in the green with trading volumes edging higher.

Tomorrow, however, could bring fresh volatility. Some commentators caution that the Trump-driven optimism bolstering markets may wane as attention shifts to the Fed, which could adopt a more hawkish tone.

Conversely, others believe there’s room for further gains. What’s your take? Another leg up, or time to take profits?

In the Markets

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🌦️The Data... 

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Total crypto market cap

$3.09 trillion (+0.26%)

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What Bitcoin did yesterday

Daily high $89,442 |  Daily low $$92,653

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Bitcoin market capitalisation

$1.816 trillion (58.8% of market)

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Bitcoin 24-hour trading volume

$73.5 billion (+52.1%)

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SP500

+0.3

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Fear and Greed Index

Extreme Greed

Source: Coinmarketcap

The Fear and Greed Index measures volatility, market momentum/ volume, social media, surveys, dominance, and Google search trends to gauge market sentiment.

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Bitcoin Relative Strength Index (RSI)

54

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…

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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