Bitcoin tests $ 40,000 again with positive sentiment from Africa and Tesla

When I return to Switzerland after a weekend at home on Mallorca, I can’t help thinking “Why London?”. Dubai, Switzerland and even Mallorca are ALL open to doing business with thriving blockchain communities that can sensibly visit each other with the obvious security measures.

Well the answer is simple – London is still one of the greatest cities in the world and is still your home! There are many great minds with great projects, not least World Mobile, which is kicking off its token generation event tomorrow at a time when nation states like El Salvador and now Tanzania are preparing for crypto.

But I’m afraid for London and the UK. We run the risk of losing our status and our potential if we are not more hospitable to the crypto world. Digital nomads are aptly named because they pull up sticks and can disappear at any time. The government, the FCA and the Bank of England take note – not only is it illogical Covid rules that will kill our recovery dead, it’s also a certainty if we continue to fail to support our blockchain community – they will go and set up camp elsewhere.

Crypto at a glance

What began as another weekend of suffering for Bitcoin turned six pence yesterday, with the leading cryptocurrency rising 12 percent in the past 24 hours. It fell to $ 34,700 on Saturday but is currently changing hands at just over $ 39,000 – the highest price since May 27th. Can he now escape the $ 30-40,000 range he was stuck in last month?

The market sentiment is at its highest level since the beginning of May and is now 28 in the Fear and Greed Index. That is still in “fear”, but it represents a clear trend reversal after the recent lows Good news continues to pour in at the weekend.

First, the excitement continues over last week’s announcement that El Salvador will make Bitcoin legal tender. More and more countries are making noise about the introduction of the so-called Bitcoin standard, with Tanzania taking the last step. Tanzania’s head of state Samia Suluhu Hassan called on the finance chiefs of the East African nation to prepare for the cryptocurrency over the weekend. Africa has more to gain than the Latin American countries that are pushing for adoption – can Tanzania trigger a chain reaction on the continent?

Elon Musk, CEO of Tesla, was also back on the front line. The Dogecoin lover and space enthusiast tweeted on Sunday that Tesla “will allow Bitcoin transactions again” if and when there is “a confirmation of the reasonable (~ 50%) clean energy consumption by miners with a positive result”. Future trend “. The tweet immediately sent Bitcoin through the resistance with $ 36,000, proving that the billionaire is still an influential player in the market. Is it good? Will people care if it keeps pushing the price up instead of down?

Even today, everything revolves around Bitcoin, whose market dominance has climbed to almost 46 percent again. Ethereum (ETH), Binance Coin (BNB) and Cardano (ADA) all rose around seven percent, although they are still declining over the week. Can you regain lost ground soon?

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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 $ 1,634,914,140,657.

What Bitcoin did yesterday

We got yesterday, June 13th 2021, for the price of. closed $ 39,097.86.

The daily high was $ 39,322.78 yesterday and the daily low was $ 34,864.11.

Around this time last year, Bitcoin price closed the day at $ 9,386.79. In 2019, it closed at $ 8,693.83.

Bitcoin market capitalization

Bitcoin’s market capitalization at the time of writing is $ 741.91 billion. To put it in context, gold’s market cap is $ 11.831 trillion and Facebook is $ 939.27 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the last 24 hours was $ 44,266,747,568. High volumes may indicate that significant price movement has stronger support and is more likely to last.


Bitcoin’s price volatility over the past 30 days is 95.78%.

Fear and greed index

The market sentiment is today 28.

Bitcoin’s market dominance

Bitcoin’s market dominance is today 45.84, The lowest dominance ever recorded was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 51.26. 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

“I think the internet wants a local currency and I think bitcoin is probably the best manifestation for that.”

– Jack Dorsey, Twitter CEO

What they said yesterday

It’s time…

A man on a mission …


Bitcoin is hope …

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Part one of two – April 2021

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September 29th and 30th, 2021

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. Remember, however, that 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 08:30 GMT.

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