Bitcoin steadies the ship as industry market cap steers a course towards $850 billion

Thursday 24 November 2022 10:24 am

Bitcoin’s price change over the last week is steady at 0% this morning – a welcome respite from the volatility of the last few weeks.

The original cryptocurrency continues posting higher highs and higher lows in the last few days, trading for $16,594 today. Ethereum is also clawing back ground, trading 3% higher over the last day at $1,202.

The market cap of the entire crypto industry has inch higher to $837 billion from yesterday’s $827 billion.

The third-generation cryptocurrencies seem to be benefitting from the flickers of positive sentiment. Solana has added another 8% to yesterday’s price while Chainlink is up 2%, trading for $6.70.

Have you booked your tickets for the Crypto AM Summit and Awards? Click here… Crypto AM Summit & Awards 2022 – CityAM

Yesterday’s Crypto AM Daily in association with Luno

In the markets

The bitcoin economy

*Data can be found at https://terminal.bytetree.com/

Total crypto market cap

The total capitalization of the entire cryptocurrency market at time of writing is currently $837.838 trillion.

What Bitcoin did yesterday

We closed yesterday, November 22 2022, at a price of $16,610. The daily high yesterday was $16,638and the daily low was $16,170.50.

bitcoin market capitalization

Bitcoin’s market capitalization at time of writing is $319,180,537,510. To put it into context, the market cap of gold is $11.471 trillion and Tesla is $528.59 billion.

bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $33.071 trillion. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.

Volatility

The price volatility of Bitcoin over the last 30 days is 54.76%.

Fear and Greed Index

Market sentiment today is 20in Extreme Fear.

Bitcoin’s market dominance

Bitcoin’s market dominance today is 40.39. Its lowest ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 34.67. 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.

Convince your Nan: Soundbite of the day

“FTX’s collapse has shaken the crypto market. But this is not the first time crypto has faced significant turmoil related to the collapse of an exchange.”

chain analysis

What they said yesterday

Adoption, as always…

Peer-reviewed…

Good boy…

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All feedback on Crypto AM Daily in association with Luno is welcome via email to James.Bowater@cityam.com 🙏🏻

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Crypto AM: Editor’s picks

Three-in-four wealth managers are gearing up for more cryptocurrency exposure

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Crypto.com granted FCA license to operate in UK

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Q&A with Duncan Coutts, Principal Technical Architect at IO Global

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Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’

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MPs are falling silent over potential of cryptocurrency

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Erica’s ‘Crypto Wars’ handed honors in Business Book Awards

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‘Let people invest’: Matt Hancock makes case for liberal crypto rules

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Explained: Why the Treasury is so sold on stablecoins

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Fears crypto is used to avoid sanctions ‘misplaced,’ says Matt Hancock

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The cryptocurrency fundraisers behind Ukraine’s military effort

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Crypto crazy couple name baby after favorite digital asset

Cryptocurrency-loving parents Bruno Karno and his wife Agatha have named their first-born Cardano in honor of their favorite crypto.



Crypto AM: Features

Crypto AM: Founders Series

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https://www.cityam.com/profile/crypto-am-founders-series/

Crypto AM: Industry Voices

Changpeng 'CZ' Zhao, CEO of Binance

Crypto AM: Contributors

Crypto AM: In Conversation with James Bowater

Charles Hoskinson and James Bowater landscape

Crypto AM: Tomorrow’s Money with Gavin S Brown

Tomorrow's Money with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr. Chris Kacher

Dr Chris Kacher Mixing in the Metaverse

Crypto AM: Visions of the Future, Past & Present with Alex Lightman

Alex Lightman Visions of the future, past and present

Crypto AM: Tiptoe through the Crypto with Monty Munford

Monty Munford robbed out header

Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry

Jonny Fry Taking a Byte out of Digital Assets

Crypto on the catwalk

Stefania Barbaglio Crypto on the Catwalk

Crypto AM: Events

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

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. 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

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