By: Crypto AM Daily in association with Luno
At $16,538, Bitcoin is trading down by less than a percentage point in the last day, while Ethereum is down by 2.7%, trading for $1,196 this morning. The rest of the cryptocurrency market is also showing signs of investor uncertainty. The numbers are looking slightly more positive compared to a week ago.
The price of Ethereum is up by 0.28% over seven days, while the cryptocurrencies of the Chainlink and Uniswap networks are both in the green by 6%, give or take.
The ongoing volatility is showing in the various crypto market indicators, with the Fear & Greed index slipping a few points to 20, while the 30-day average for Bitcoin’s price volatility is up to 53.
Have you booked your tickets for the Crypto AM Summit and Awards? Click here… Crypto AM Summit & Awards 2022 – CityAM
*Data can be found at https://terminal.bytetree.com/
The total capitalisation of the entire cryptocurrency market at time of writing is currently $827.539 billion.
We closed yesterday – November 16 2022 – at a price of $16,669.44. The daily high yesterday was $16,960.30, and the daily low was $16,430.11.
Bitcoin’s market capitalisation at time of writing is $317.992 billion. To put it into context, the market cap of gold is $11.757 and Tesla is $581.5 billion.
The total spot trading volume reported by all exchanges over the last 24 hours was $32.809 billion. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.
The price volatility of Bitcoin over the last 30 days is 53.19%.
Market sentiment today is 20, in Extreme Fear.
Bitcoin’s market dominance today is 40.49. Its lowest ever recorded dominance was 37.09 on January 1 2018.
The daily RSI is currently 30.62. 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.
“Long-term, increased regulatory clarity will be good for crypto. A murky regulatory environment keeps investors on the sidelines and stifles the creativity of crypto entrepreneurs.”
Matt Hougan, Chief Investment Officer, Bitwise
True then, true today…
"#Bitcoin has achieved a level of computing that no single nation state can overthrow it through computation alone."
📹: @aantonop on govt 51% attacks pic.twitter.com/GiktjTAptP
Superior money…
Out of 300+ climatetech technologies I've seen, Bitcoin has the highest potential:
#1 industry for use of renewable energy
#1 user for recycling of heat energy
#1 user of wasted/stranded energy
#1 non-rival user of energy
1st technology to profitably& scaleably mitigate methane
Reliable issuance…
$12➡️$658➡️$8,572➡️?
Under 18 months until the next halving #bitcoin pic.twitter.com/WsxOyh4KMD
"Satoshi had a beautiful vision.
What if we didn't have to trust the banks?
What if we didn't have to save in fiat currency?#Bitcoin is the solution." — @saylor pic.twitter.com/DXzU1k8l7g
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 James.Bowater@cityam.com 🙏🏻
Three-in-four wealth managers are gearing up for more cryptocurrency exposure
Crypto.com granted FCA licence to operate in UK
Q&A with Duncan Coutts, Principal Technical Architect at IO Global
Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’
MPs are falling silent over potential of cryptocurrency
Erica’s ‘Crypto Wars’ handed honours in Business Book Awards
‘Let people invest’: Matt Hancock makes case for liberal crypto rules
Explained: Why the Treasury is so sold on stablecoins
Fears crypto is used to avoid sanctions ‘misplaced,’ says Matt Hancock
The cryptocurrency fundraisers behind Ukraine’s military effort
Crypto crazy couple name baby after favourite digital asset
Crypto AM: Founders Series
Crypto AM: Industry Voices
Crypto AM: In Conversation with James Bowater
Crypto AM: Tomorrow’s Money with Gavin S Brown
Crypto AM: Mixing in the Metaverse with Dr Chris Kacher
Crypto AM: Visions of the Future, Past & Present with Alex Lightman
Crypto AM: Tiptoe through the Crypto with Monty Munford
Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry
Crypto on the catwalk
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
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
Share this article
Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.
Follow us for breaking news and latest updates