By: Crypto AM Daily in association with Luno
The price of Ethereum continues to slip this morning, falling another 3.77 per cent over the past 24 hours to $1,278 .
The price of Bitcoin is holding somewhat steadier today, up 0.15 per cent since this time yesterday to $18,930.
Ethereum’s so-called ‘Merge’ last week was considered a landmark event with huge potential long-term benefits for the scalability and sustainability of the cryptocurrency, but it appears investors are more concerned with the current economic climate in the short term – in particular interest rates.
The big news yesterday was the US central bank’s decision to raise interest rates by 75 basis points for a third consecutive time, as many were predicting before the event.
Meanwhile, Happy Vasil Day to all those involved in Cardano as the blockchain lands its hard fork today…
Have you booked your tickets for the Crypto AM Summit and Awards? Click here… Crypto AM Summit & Awards 2022 – CityAM
*Definitions and insights can be found at https://bytetree.com/research
The total capitalisation of the entire cryptocurrency market at time of writing is currently $919 billion.
We closed yesterday, September 21 2022, at a price of $18,547.40. The daily high yesterday was $19,674.63 and the daily low was $18,290.32.
Bitcoin’s market capitalisation at time of writing is $362.94 billion. To put it into context, the market cap of gold is $11.009 trillion and Tesla is $935.78 billion.
The total spot trading volume reported by all exchanges over the last 24 hours was $50.218 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 47.85%.
Market sentiment today is 22, in Extreme Fear.
Bitcoin’s market dominance today is 41.07. Its lowest ever recorded dominance was 37.09 on January 1 2018.
The daily RSI is currently 43.18. 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.
“The demand for Bitcoin stems from the need of individuals all over the world to carry out transactions that bypass political controls and to have an inflation-resistant store of value.”
#Bitcoin says to JPM… "Fiat is a centralised pyramid scheme flowing money from the bottom to the top, which are the bankers licensed to dilute the money supply and charge interest on it." https://t.co/38LOM2KPie
0/ In a remote corner of Ireland, a small container houses 38 humming mining machines. The operation stands among the first mining facilities powered by waste around the world. Here's the story of how an Irish #Bitcoin company led the implementationhttps://t.co/xmSiq7VBi7 pic.twitter.com/NvNrmXCZzq
Round and round we go…
Here we go again 😁😁 #Bitcoin #Bloomberg #RichQUACK $QUACK pic.twitter.com/81v3yM9ysB
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
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
https://www.youtube.com/watch?v=dvqNMNZTIDE
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
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