Bitcoin in a celebratory mood as the financial markets have a big week ahead of them

Yesterday marked the 13th birthday of the Bitcoin (BTC) whitepaper, a monumental moment in the history of cryptocurrency (and the world).

The white paper arrived in the inboxes of a cryptography mailing list hosted by Metzdow at around 2:00 p.m. Eastern Time. In the email maintained by the Nakamato Institute, the pseudonymous creator of Bitcoin, Satoshi Nakamoto, wrote, “I have been working on a new electronic money system that is completely peer-to-peer, with no trusted third parties.”

The rest, as they say, is history.

Bitcoin was officially launched on January 3, 2009. Today Bitcoin has hundreds of millions of users worldwide. The cryptocurrency markets also seem to be in a celebratory mood. Bitcoin itself is up two percent to just over £ 62,000 in the past 24 hours, while Ethereum is also up 1.5 percent to just over $ 4,300. Solana (SOL) and Shiba (SHIB) are the big winners of the day, both up around 11 percent since yesterday morning.

Looking ahead to the week ahead, Wednesday’s Fed meeting is widely expected to see policymakers announce plans to cut back $ 120 billion in monthly security purchases as part of measures to protect the economy from 18 months from COVID were introduced.

The measures are attributed to an increased willingness to take risks on the financial markets. On Thursday, the Bank of England will also make a decision on interest rates, with an expected hike amid rising inflation.

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Crypto AM Daily on Friday in collaboration with Luno

In the markets

The bitcoin economy

* For definitions and insights, see

Total crypto market capitalization

The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 2,649,122,897,110.

What Bitcoin did yesterday

We got yesterday, October 31, 2021, for the price of. closed $ 61,318.96, down from $ 61,888.83 the previous day. The daily high was $ 62,406.17 yesterday and the daily low was $ 60,074.33.

Around this time last year, Bitcoin’s price closed the day at $ 13,780.99. In 2019, it closed at $ 9,199.58.

Bitcoin market capitalization

Bitcoin’s market capitalization at the time of writing is $ 1.176 trillion. To put it in context, gold’s market cap is $ 11.34 trillion and Meta (Facebook) is $ 900.09 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the last 24 hours was $ 34,876,173,996 yesterday. High volumes may indicate that a significant price move has stronger support and is more likely to be sustained.


Bitcoin’s price volatility over the past 30 days is 41.3%.

Fear and greed index

The market sentiment is today 74.

Bitcoin’s market dominance

Bitcoin’s market dominance is today 44.35. The lowest dominance ever recorded was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 59.29. Values ​​of 70 or above indicate that an asset is overbought and may be prepared for a trend reversal or price correction – an RSI of 30 or below indicates an oversold or undervalued condition.

Convince your Nan: Soundbite of the day

“Double spending is avoided with a peer-to-peer network. No mint or other trustworthy parties. Participants can be anonymous. New coins are made from hashcash style proof of work. The proof-of-work for the new generation of coins also supplies the network with electricity to prevent double spending. ”

Satoshi Nakamoto, Bitcoin founder

What they said yesterday

El Salvador made Bitcoin legal tender 54 days ago.

More citizens now have Bitcoin wallets than traditional bank accounts, and for the first time in their lives their purchasing power has increased by more than 30%.

This is a fascinating experiment.

– Joe Pompliano (@JoePompliano) October 30, 2021

Happy 13th birthday to the Bitcoin whitepaper 🎂🎈

– Tyler Winklevoss (@tyler) November 1, 2021

A pseudonymous person or group published the Bitcoin whitepaper exactly 13 years ago today.

That idea grew into a $ 1 trillion network that is used by more than 100 million people around the world.

If you haven’t read it, I highly recommend that you do it.

– Pomp (@APompliano) October 31, 2021

Crypto AM: Editor’s Recommendations

Matt Damon becomes the newest celebrity to endorse cryptocurrency

Bank of England: Crypto regulation must be pursued as an “urgency”

Special committee hears from the Bank of England on the costs and benefits of UK membership (Getty Images)

Former Chancellor Philip Hammond joins the crypto start-up Copper

Philip Hammond joins CopperFormer Chancellor of the Exchequer Philip Hammond joins crypto startup Copper (Photo by Jeff J Mitchell / Getty Images)

El Salvador starts mining Bitcoin using volcanic energy

El Salvador, the first country in the world to adopt Bitcoin as legal tender, has mined over £ 200 worth of BTC using volcanic energy (Photo by Sean Gallup / Getty Images)

Bitcoin is booming, but crypto stocks listed in Hong Kong are slipping after the crackdown in China

Hong Kong's first Bitcoin counter opens to the public (Getty Images)

Cardano promises “industry-defining announcements” at its biggest summit of all time

Cardano says it will make some (Getty Images)

Binance investigated on suspicion of insider trading

Changpeng Zhao Binance CEO (Getty Images)

Cardano Alonzo Upgrade sees 100 smart contracts in the first 24 hours

Cardano coin (Getty Images)

Krypto AM: features

Krypto AM: Spotlight

Crypto AM: Founder Series

Crypto AM: Industry voices

Krypto AM: Contributors

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 and Present with Alex Lightman

Crypto AM: Tiptoe through the Crypto with Monty Munford

Crypto AM: Get a byte out of digital assets with Jonny Fry

Crypto AM: Parliamentary Special Offer

Part one of two – April 2021

Part two of two – April 2021

Five-part series – March 2021

Day one…

Day two …

Day three …

Day four …

Day five …

Crypto AM: Events

Warning notices

It is certainly tempting to get carried away with the excitement, but please heed this warning: do your own research, invest only what you can afford, and make good decisions. Hopefully the indicators included in this article will help with that. However, remember The content of this article is for informational purposes only and does not constitute investment advice or any form of recommendation or invitation. City AM, Crypto AM and Luno always advise you to seek your own independent financial advice before investing or trading in cryptocurrency.

All information is correct as of 8:00 AM BST

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