Ethereum and Bitcoin sit back as alt-coins take the wheel

THE majority of next-generation large-caps are up while the prices of Bitcoin and Ethereum hang back this morning. 

Solana, Cardano, Polkadot, Avalanche, Aave and Curve are among the many cryptos in the green. Bitcoin is currently trading for around $66,850, while Ethereum is priced at $3,780. 

In the Markets

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Total crypto market cap

$2.5 trillion (+0.78%)

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What Bitcoin did yesterday

 Daily high $67,604 |  Daily low $62,848

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Bitcoin market capitalisation

$1.31 trillion (-0.43%)

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Bitcoin volume

$59.84 billion (-40%)

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CoinDesk Large Cap Select Index 

+4.53%

The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies. 

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SP500

+0.51%

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Fear and Greed Index

88 (Extreme Greed) 

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Bitcoin’s market dominance

53.70

The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.

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Relative Strength Index (RSI)

‍51.01

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.