Investors look for new consolidation levels as crypto ‘Fear and Greed’ index hovers in neutral
Monday 24 April 2023 at 10.50
The decline in positive sentiment in the crypto markets continues.
Bitcoin (-0.89%) is trading below $28k while the price of Ethereum (ETH) (-1.31%) is just above $1.8k.
Yesterday’s BTC highs and lows, along with the opening and closing prices, were all dotted closely together, with the Fear & Greed index hovering in neutral after a few weeks in Greed.
Other crypto markets are in various shades of red this morning. Analysts say investors are looking for new consolidation levels after the rally that still sees BTC up 68% year-to-date.
Friday’s Crypto AM Daily
In the markets
The Bitcoin Economy
*Data can be found at
Total market cap of crypto
The total capitalization of the entire cryptocurrency market this morning was 1.157 billion dollars.
What Bitcoin Did Yesterday
We closed yesterday, April 23, at a price of $27,591. The daily high yesterday was $27,820, and the daily low was $27,400.
Bitcoin market value
Bitcoin’s market value this morning was $530,817 billions. To put it into context, the market value of gold is $13,125 trillions and Tesla is 523.18 billion dollars.
Bitcoin volume
The total spot trading volume reported by all exchanges in the last 24 hours was 14.150 billion dollars.
Fear and Greed Index
The market sentiment today is 53in neutral.
Bitcoin’s market dominance
Bitcoin’s market dominance today is 47.34. Its lowest recorded dominance was 37.09 on January 1, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 43.06. Values of 70 or higher indicate that an asset is overbought and may be poised for a trend reversal or experience a correction in price – an RSI reading of 30 or lower indicates an oversold or undervalued condition.
Today’s soundbite
The price of bitcoin is facing dynamic resistance, the main support is in the range of $26570 – $26370.
Technical Cryptanalyst
What they said yesterday
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Warning notices
It’s definitely tempting to get carried away by the excitement, but please heed these words of caution: Do your own research, invest only what you can afford, and make good decisions. The indicators in this article will hopefully help in this. However, remember that the content of this article is for informational 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.
