Strong weekend trading keeps Bitcoin above $42,000

THE price of Bitcoin has climbed back above the key $40,000 level and is currently trading for around $42,300. Ethereum is changing hands for around $2,200 this morning. 

Solana has edged closer to $100 over the weekend, trading for $97 this morning, while Polkadot is in the green by 0.9% over 24 hours.  

The red candles among the large-caps this morning don’t tell the whole story. Bitcoin is up by 3% over seven days, while Solana has added more than 10% to its value. Avalanche is in the green by roughly 14% over the same period. 

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In the Markets

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Total crypto market cap

$1.62 trillion (-1.18%)

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What Bitcoin did yesterday

 Daily high $42,817 |  Daily low $41,649

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Bitcoin market capitalisation

$824.541 billion (-1.16%)

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Bitcoin volume

$15.064 billion (+8.27%)

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SP500

-0.065%

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Fear and Greed Index

55 (Neutral) 

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Bitcoin’s market dominance

52.37

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

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Relative Strength Index (RSI)

56.09

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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