Bitcoin still below $20k since June, biggest monthly loss since 2011
Monday 04 July 2022 at 11:12 am
It may be a new month, but it seems the bitcoin woes are far from over. Bitcoin once again fell below $19k over the weekend, then recovered slightly. It’s changing hands this morning for $19,411 – about a cent over the past 24 hours.
Overall, June was undeniably a bad month for both the crypto and global financial markets. Bitcoin suffered its biggest monthly price drop since 2011, falling 37.3 percent. Meanwhile, Ethereum ended last month down 45%. Will July bring good luck?
The United States will not return to the trading desk until July 5th due to Independence Day. How will this affect price activity? Happy Fourth of July to all our American friends.
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So, if you are a fan of bitcoin, why not join today? CustomerCKashmir here to know more!
All feedback on Crypto AM Daily in collaboration with Luno is welcome via email at 🙏🏻
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*Definitions and insights can be found here
total crypto market cap
The total capitalization of the entire cryptocurrency market at the time of writing is currently $865 billion,
what did bitcoin do yesterday
We are tomorrow, 3rd July 2022. closed at the cost of $19,297.08, yesterday’s daily high was $19,588.27 and the daily was low $18,966.95,
bitcoin market capitalization
The market capitalization of bitcoin at the time of writing is $365 trillion, To put this in context, the market capitalization of gold is $11.48 trillion and that of Tesla is $706.6 billion.
bitcoin volume
The total spot trading volume reported by all exchanges in the last 24 hours was $15,112 trillion, Higher volume may indicate that a significant price movement has strong support and is more likely to be sustained.
instability
The price of bitcoin has fluctuated over the past 30 days 71.12%,
fear and greed index
market sentiment today 14in extreme fear.
bitcoin market dominance
Bitcoin dominates the market today 43.32, Its lowest ever recorded dominance was 37.09 on 1 January 2018.
Relative Strength Index (RSI)
Daily RSI is currently 29.25, Values of 70 or higher indicate that an asset is becoming overbought and may be primed to experience a trend reversal or price correction – an RSI reading of 30 or below represents an oversold or undervalued position. indicates to.
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It’s certainly tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, invest only what you can, and make good decisions. Hopefully the pointers contained in this article will help in this. remember though The content of this article is for informational purposes only and does not constitute investment advice or a recommendation or invitation of any kind. Citi AM, Crypto AM and Luno always recommend you obtain their own independent financial advice before investing in or trading cryptocurrencies.
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