Bitcoin BTC
⚠️ Notice: This report describes the state of the market at the time of its generation. It does not constitute financial advice or investment recommendation. Any investment decision is the sole responsibility of the reader.
Bitcoin price today stands at $80,087.0000, recording a decline of 1.69% over the past 24 hours. The cryptocurrency has gained 4.91% over the seven-day period. Bitcoin's market capitalisation has reached $1,604,013,459,662. The Bitcoin real time price maintains its position as the leading cryptocurrency by market value, with no previous report available for direct comparison of movements.
The RSI (14) registers 65.3. The Relative Strength Index measures the speed and magnitude of price changes on a scale from 0 to 100, with the current reading placing Bitcoin in the upper neutral zone, approaching overbought territory which begins at 70.
The MACD shows a reading of 1126.8623, with the signal line at 1015.0358 and the histogram at 111.8265. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, with the MACD line currently positioned above the signal line.
Bollinger Bands (20,2) place the upper band at $83,129.0816, the middle band at $79,115.6500, and the lower band at $75,102.2184, with Bitcoin's current price positioned in the central zone of the channel. Bollinger Bands measure price volatility and potential support and resistance levels using standard deviations around a moving average.
Trading volume stands at 1,604,013,500,000, representing 1.01 times the 20-period average of 1,584,485,810,000. Volume measures the total amount of trading activity and liquidity in the market during a specified period.
The Fear & Greed Index records 47 out of 100, placing market sentiment in neutral territory. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media activity on a scale from 0 (extreme fear) to 100 (extreme greed).
The Federal Reserve interest rate stands at 3.64%, whilst the Consumer Price Index reached 330.293 with a monthly variation of +0.87%. The Fed rate measures the cost of borrowing money in the US economy, and the CPI measures inflation by tracking changes in prices of goods and services.
The S&P 500 closed at 7,200.75 points in the previous session. The S&P 500 measures the performance of 500 large-cap American companies and serves as a benchmark for the overall US stock market.
The VIX recorded 16.99 in the previous session. The Volatility Index measures expected volatility in the US stock market over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance represents 58.77% of the total cryptocurrency market. This metric measures Bitcoin's market capitalisation as a percentage of the entire cryptocurrency market capitalisation.
The US Dollar Broad Index (DTWEXBGS) registered 118.39 with a decline of 0.29% in the previous session. This index measures the strength of the US dollar against a basket of major trading partner currencies.
Gold trades at $4,545.25 per ounce, whilst WTI crude oil stands at $99.89 per barrel. Gold measures store of value and inflation hedge sentiment, whilst oil measures energy costs and global economic activity.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Positive | -1.69% 24h |
| RSI (14) | Neutral | 65.3 |
| MACD | Positive | Hist: 111.8265 |
| Bollinger Bands | Neutral | in the central zone of the channel |
| Volume | Positive | 1.01x avg |
| Fear & Greed Index | Neutral | 47/100 (Neutral) |
| BTC Dominance | Positive | 58.8% |
| Nasdaq Composite | Positive | 25,068 pts |
| S&P 500 | Positive | 7,201 pts |
| VIX | Neutral | 16.99 |
| Fed Rates | Neutral | 3.64% |
| Dollar Index (DXY) | Negative | 118.39 |
| Gold | Positive | $4,545/oz |
| Oil (WTI) | Positive | $99.89/barrel |