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 $78,136.0000, representing a decline of 0.26% over the past 24 hours. The cryptocurrency has experienced a more pronounced retreat over the weekly timeframe, falling 3.19% across the seven-day period. Bitcoin's market capitalisation currently sits at $1,565,140,184,008. Compared to the previous report from 16th May at 20:00, when Bitcoin real time price was $78,217.0000, the digital asset has declined by $81.0000, marking a decrease of approximately 0.10% between reporting periods.
The RSI (14-period) currently registers 38.6. 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 oversold territory below the 40 threshold.
The MACD indicator shows a reading of -281.7187, with the signal line at 132.8086 and the histogram at -414.5273. The Moving Average Convergence Divergence measures the relationship between two moving averages of a security's price, with the current configuration showing the MACD line below the signal line.
Bitcoin's price currently trades at $78,136.0000 within the Bollinger Bands channel, positioned in the lower half between the middle band at $80,256.3500 and the lower band at $78,061.3748. Bollinger Bands measure price volatility and potential support and resistance levels using standard deviations from a moving average.
Trading volume currently stands at 1,566,700,100,000, representing a ratio of 1.02x compared to the 20-period average of 1,529,494,225,000. Volume measures the total amount of trading activity and market participation during a specified period.
The Fear & Greed Index currently registers 27 out of 100, placing market sentiment firmly in the "Fear" zone. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media sentiment.
The Federal Reserve interest rate stands at 3.64%, whilst the Consumer Price Index recorded 332.407 with a monthly variation of +0.64%. These indicators measure monetary policy stance and inflation levels within the US economy respectively.
The Nasdaq Composite closed at 26,225.14 points with a gain of 4.62%, whilst the S&P 500 reached 7,408.50 points. These indices measure the performance of technology-focused companies and the broader US equity market respectively.
The VIX volatility index registered 17.26 points. The VIX measures expected volatility in the US stock market over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance currently accounts for 58.36% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's market share relative to the entire digital asset ecosystem.
The US Dollar Broad Index (DTWEXBGS) recorded 118.04 points, down 0.30%. This index measures the strength of the US dollar against a basket of major trading partner currencies.
Gold trades at $4,537.74 per ounce whilst WTI crude oil is priced at $101.56 per barrel. These commodities measure precious metals markets and energy sector pricing respectively, serving as traditional stores of value and economic indicators.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -0.26% 24h |
| RSI (14) | Negative | 38.6 |
| MACD | Negative | Hist: -414.5273 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Neutral | 1.02x avg |
| Fear & Greed Index | Negative | 27/100 (Fear) |
| BTC Dominance | Neutral | 58.4% |
| Nasdaq Composite | Positive | 26,225 pts |
| S&P 500 | Positive | 7,408 pts |
| VIX | Neutral | 17.26 |
| Fed Rates | Neutral | 3.64% |
| Dollar Index (DXY) | Negative | 118.04 |
| Gold | Positive | $4,538/oz |
| Oil (WTI) | Positive | $101.56/barrel |