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.
The Bitcoin price today stands at $79,766.00, representing a decline of 1.49% over the past 24 hours and a further drop of 1.98% across the seven-day period. The cryptocurrency's market capitalisation has reached $1,598,977,195,192. Compared to the previous report from 13th May at 20:00, Bitcoin real time price has increased by $203.00 from the earlier recorded level of $79,563.00, marking a modest recovery from yesterday's session.
The RSI (14) registers at 45.5. The Relative Strength Index measures the speed and magnitude of price changes on a scale from 0 to 100, with the current reading positioning Bitcoin in neutral territory below the midpoint of 50.
The MACD shows a reading of 371.2862 against a signal line of 545.0837, producing a histogram value of -173.7975. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, with the current configuration showing the MACD line below its signal line.
The Bollinger Bands display an upper band at $81,883.10, a middle band at $80,634.95, and a lower band at $79,386.80, with Bitcoin's current price positioned in the lower half of the channel. Bollinger Bands measure volatility and provide relative price levels based on standard deviations from a moving average.
Trading volume stands at $1,592,974,200,000 compared to the 20-period average of $1,614,846,615,000, representing a ratio of 0.99x against the historical mean. Volume measures the total amount of trading activity over a specified timeframe.
The Fear & Greed Index records a value of 34 out of 100, placing market sentiment in the "Fear" zone. This index measures emotions and sentiments from different sources and timeframes to gauge overall market psychology.
The Federal Reserve interest rate stands at 3.64%, whilst the Consumer Price Index reaches 332.407 with a monthly variation of +0.64%. These metrics measure monetary policy stance and inflation levels respectively.
The S&P 500 closed at 7,200.75 points in the previous session. This index measures the stock performance of 500 large companies listed on exchanges in the United States.
The VIX closed at 16.99 in the previous trading session. The Volatility Index measures the market's expectation of 30-day forward-looking volatility based on S&P 500 index options.
Bitcoin dominance accounts for 58.77% of the total cryptocurrency market. This metric measures Bitcoin's market capitalisation as a percentage of the entire cryptocurrency market capitalisation.
The Dollar Index (DTWEXBGS) closed at 118.39, showing a decline of 0.29% in the previous session. This index measures the value of the United States dollar relative to a basket of foreign currencies.
Gold trades at $4,545.25 per ounce whilst WTI crude oil stands at $99.89 per barrel. These commodities measure precious metal and energy sector valuations respectively.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -1.49% 24h |
| RSI (14) | Neutral | 45.5 |
| MACD | Negative | Hist: -173.7975 |
| Bollinger Bands | Neutral | in the lower half of the channel |
| Volume | Neutral | 0.99x avg |
| Fear & Greed Index | Negative | 34/100 (Fear) |
| 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 |