Bitcoin will stall when the markets are falling, while ADA looks strong

Crypto at a glance

All eyes were on the Bitcoin sponsored car at 105 this weekend. What’s in store for this week?

Bitcoin price appears to be hovering between $ 35,000 and $ 40,000 and is currently trading at around $ 36,000. It fell to $ 33,000 yesterday, its lowest level in over a week. It looks like last week’s decline is still cracking, with concerns about the environmental damage from Bitcoin mining continuing to make headlines. Are we getting better news this week?

It seems that Bitcoin is still putting some strain on the markets, with other leading cryptocurrencies following suit. Ether (ETH) continues to trade at around $ 2,500, up from highs of just under $ 3,000 a week ago. It’s still up 10 percent over the past week, but there is still a long way to go before we can talk about new all-time highs.

Cardano (ADA) was the standout performer at the weekend, with prices rising nearly 20 percent yesterday over the 24 hours. It is currently trading at around $ 1.62 and is once again the fourth largest cryptocurrency by market capitalization, having once again skipped Binance Coin (BNB). ADA has ramped up from its references as “sustainable” crypto even though it’s down one percent today. Can she hold her position now?

All feedback on Crypto AM Daily in collaboration with Luno is welcome by email at James.Bowater@cityam.com 🙏🏻

In the markets

The bitcoin economy

* For definitions and insights, see https://bytetree.com/insights/

Total crypto market capitalization

The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 1,523,809,822,874,

What Bitcoin did yesterday

We got yesterday, May 30th 2021, for the price of. closed $ 34,616.07, down from $ 35,697.61 the previous day.

The daily high was $ 37,234.50 yesterday and the daily low was $ 33,693.93.

Around this time last year, Bitcoin’s price closed the day at $ 9,700.41. In 2019, it closed at $ 8,319.47.

Bitcoin market capitalization

Bitcoin’s market capitalization at the time of writing is $ 666.8 billion. To put it in context, the market cap of gold is $ 12.115 trillion and Facebook is $ 932.1 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the last 24 hours was $ 30,450,258,873. High volumes may indicate that significant price movement has stronger support and is more likely to be sustained.

volatility

Bitcoin’s price volatility over the past 30 days is 85.69 percent.

Fear and greed index

The market sentiment is today 18th.

Bitcoin’s market dominance

Bitcoin’s market dominance is today 43.50, The lowest dominance ever recorded was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 34.18. 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

“The world is changing, we all just have to understand that it’s constantly changing and you can either be ahead of the curve or behind it and I choose to be ahead of it. As someone who wants to be at the forefront of things, I will help create and adopt the trend and see where the world is going. “

– Tom Brady, American hero

What they said yesterday

Our boy …

Tell…

It’s happening right now…

PayPal exceeded $ 300 million in #bitcoin transaction volume.

– Bitcoin Magazine (@BitcoinMagazine) May 30, 2021

Intended…

Crypto AM Editor writes

Bitcoin is in for more pain as environmental groups line up to reject cryptocurrencies

How are cryptocurrencies doing this weekend?

Squashed Bitcoin is heading for an unsafe weekend

China’s CMB International and Nervos Foundation are launching a $ 50 million blockchain fund

Cardano partners with Save the Children on a humanitarian initiative

HMRC: We are not cracking down on crypto

Ethiopia is revising its education system with IOHK blockchain partnership

Crypto AM: Longer reads

City AM Markets: What is Aave’s Decentralized Financing (DeFi)

Crypto AM: Conversation with James Bowater

Crypto AM: Market View

Krypto AM: Technically

Crypto AM: A Trader’s View with TMG

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

Crypto AM: speak legally

Krypto AM: Spotlight

Crypto AM: Founder Series

Crypto AM: Industry voices

Crypto AM: Tiptoe through the Crypto with Monty Munford

Crypto AM: Definitely DeFi

Crypto AM parliamentary special offer

Part one of two – April 2021

Part two – April 2021

Five-part series – March 2021

Part One…

Second part…

Part three…

Part four …

Part five …

Crypto AM: Recommended Events

Bitcoin 2021

June 3-5, 2021 – Miami

https://b.tc/conference

Round table Crypto AM City of London

Crypto AM DeFi & Digital Inclusion Summit

&

Crypto AM Awards 2021

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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