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 $79,121.0000, recording a decline of 2.78% over the past 24 hours and a decrease of 1.27% across the seven-day period. The cryptocurrency maintains a market capitalisation of $1,584,484,604,980. Bitcoin real time pricing shows the asset trading below recent levels, with the current valuation reflecting the recent downward movement that has characterised both short-term and weekly performance metrics.
The RSI (14) registers 40.8. The Relative Strength Index measures momentum by comparing the magnitude of recent gains to recent losses on a scale from 0 to 100, with the current reading placing Bitcoin in oversold territory approaching the traditional 30 threshold.
The MACD shows a value of 162.6883 against a signal line of 373.8417, producing a histogram reading of -211.1534. 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 positioned below the signal line.
Bollinger Bands (20,2) position the upper band at $81,865.5353, the middle band at $80,552.6500, and the lower band at $79,239.7647, with Bitcoin's current price trading below the lower band. Bollinger Bands measure volatility and potential price levels by calculating standard deviations around a moving average.
Trading volume stands at 1,584,484,600,000 against a 20-period average of 1,613,304,185,000, representing a ratio of 0.98x versus the historical mean. Volume measures the total amount of trading activity and liquidity within a specified timeframe.
The Fear & Greed Index records 43 out of 100, placing market sentiment in the Fear zone. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed).
The Federal Reserve interest rate closed at 3.64% in the previous session, whilst the Consumer Price Index reached 332.407 with a monthly variation of +0.64%. These metrics measure monetary policy stance and inflationary pressures within the US economy respectively.
The S&P 500 closed at 7,200.75 points in the prior session. This index measures the stock performance of 500 large companies listed on US stock exchanges, serving as a benchmark for American equity market performance.
The VIX closed at 16.99 in the previous trading session. The Volatility Index measures market expectations of near-term volatility conveyed by S&P 500 stock index option prices.
Bitcoin dominance stands at 58.77% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's market share relative to all other cryptocurrencies combined.
The Dollar Index (DTWEXBGS) closed at 118.39 with a decline of 0.29% in the prior session. This broad index measures the value of the US dollar against a basket of major trading partner currencies.
Gold trades at $4,545.25 per ounce whilst WTI crude oil closed at $99.89 per barrel in the previous session. These commodities measure precious metal store of value dynamics and global energy pricing respectively.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -2.78% 24h |
| RSI (14) | Negative | 40.8 |
| MACD | Negative | Hist: -211.1534 |
| Bollinger Bands | Negative | below the lower band |
| Volume | Neutral | 0.98x avg |
| Fear & Greed Index | Negative | 43/100 (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 |