Future Komp
The price of Bitcoin has fallen by around 2% since yesterday morning, although it continues to hold above $ 61,000.
The big news yesterday was the announcement by the US Federal Reserve of its intention to gradually reduce the unprecedented $ 120 billion per month bond purchases currently being made as part of its monetary stimulus package, known as the name quantitative easing (QE).
Commentators argue that QE has boosted supposedly “riskier†financial assets, such as cryptocurrencies.
The price of Bitcoin fell around 5% on the announcement, although an almost immediate rally led analysts to suggest the move was already integrated.
Elsewhere, Ethereum is also down around 2% after hitting new all-time highs yesterday.
The big winners over the past 24 hours are Solana, which is up 2%, and Avalanche (AVAX), which is up 9%. Both have increased by around 20% in the past seven days. Although it has fallen slightly this morning, the total value of all cryptocurrencies combined is now greater than that of the dozen of the world’s largest banks.
Would you like to help spread Bitcoin adoption and education in the UK and even stack Sats while you do? Well, now you can!
The Bitcoin pioneers The community, supported by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members across the UK.
We share tips, stories, and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to Luno’s support, each Pioneer gets £ 500 worth of Bitcoin per month to share with newbies, helping them get started.
So, if you are passionate about Bitcoin, why not join us today? Click here to know more !
All comments on Crypto AM Daily in association with Luno are welcome by email at [email protected] ðŸ™ðŸ»
Crypto AM Daily yesterday in association with Luno
On the stairs
The Bitcoin Economy
* Definitions and information can be found at https://bytetree.com/insights/
Total crypto market capitalization
The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 2,732,700,518,046, compared to $ 2,739,462,541,555 yesterday.
What Bitcoin Did Yesterday
We closed yesterday, November 3, 2021, at a price of $ 62,970.05, compared to $ 63,226.40 the day before. Yesterday’s daily high was $ 63,516.94 and the daily low was $ 61,184.24.
Around the same time last year, the price of Bitcoin closed the day at $ 14,133.71. In 2019, it closed at $ 9,412.61.
Bitcoin market capitalization
Bitcoin’s market cap at the time of writing is $ 1.178 trillion. To put it in context, the market cap of gold is $ 11.262 billion and Meta (Facebook) is $ 922.48 billion.
Bitcoin volume
The total volume of spot transactions reported by all exchanges in the last 24 hours was $ 35,280,203,795 yesterday, compared to $ 36,556,277,711 the day before. High volumes can indicate that a significant price movement has stronger support and is more likely to be supported.
Volatility
Bitcoin price volatility over the past 30 days is 39.63%.
Index of fear and greed
Market sentiment today is 73.
The domination of the Bitcoin market
The dominance of the Bitcoin market today is 43.15. His lowest dominance on record was 37.09 on January 8, 2018.
Relative Strength Index (RSI)
The daily RSI is currently 59.27. Values ​​of 70 or more indicate that an asset is becoming overbought and may be ready for a trend reversal or price correction – an RSI reading of 30 or less indicates an oversold or undervalued condition.
Convince Your Nan: Soundbite of the Day
“The best developers in the world are part of the Bitcoin community. ”
Kevin O’Leary, Canadian businessman, author, politician and television personality
What they said yesterday
For your reading …
Growth…
Almost instantly…
Crypto AM: Editor’s Picks
NFT to Fund New Cryptocurrency Movie
Matt Damon becomes latest celebrity to endorse cryptocurrency
Bank of England: crypto regulation must be pursued as a matter of urgency
Former Chancellor Philip Hammond Joins Crypto Startup Copper
El Salvador begins mining Bitcoin using volcanic energy
Bitcoin explodes but Hong Kong-listed crypto stocks slide amid China’s crackdown
Cardano promises ‘industry-defining announcements’ at biggest ever peak
Binance investigates suspected insider trading
Cardano Alonzo upgrade sees 100 smart contracts in the first 24 hours
Crypto AM: Features
Crypto AM: Spotlight
Crypto AM: Founders Series
Crypto AM: voice of the industry
Crypto AM: Contributors
Crypto AM: In conversation with James Bowater
Crypto AM: The Money of Tomorrow with Gavin S Brown
Crypto AM: Mixing in the Metaverse with Dr Chris Kacher
Crypto AM: Visions of the Future, Past and Present with Alex Lightman
Crypto AM: Tiptoe Through Crypto With Monty Munford
Crypto AM: Remove One Byte From Digital Assets With Jonny Fry
Crypto AM: Parliamentary Special
First part of two – April 2021
Part two of two – April 2021
Five-part series – March 2021
Day one…
Day two …
Day three …
Day four …
Fifth day…
Crypto AM: events
Cautionary Notes
