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 $77,198.0000, registering a marginal increase of 0.04% over the past 24 hours. The weekly performance shows a decline of 4.68%, whilst the market capitalisation has reached $1,546,521,753,891. Bitcoin real time data indicates the cryptocurrency maintains its position above the $77,000 psychological level despite the recent weekly pullback from higher levels.
The RSI (14) currently reads 36.6, positioning Bitcoin in oversold territory. The Relative Strength Index measures the speed and magnitude of price changes on a scale from 0 to 100, with readings below 30 typically considered oversold and above 70 overbought.
The MACD line stands at -797.1281, with the signal line at -492.8748 and the histogram at -304.2533. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, showing momentum through the interaction of these exponentially weighted averages.
Bitcoin's price currently trades in the lower half of the Bollinger Bands channel, with the upper band at $82,426.6958, the middle line at $79,085.9500, and the lower band at $75,745.2042. Bollinger Bands measure price volatility and deviation from a moving average using standard deviations.
Current trading volume reaches 1,546,521,800,000, representing a 1.03x ratio against the 20-period average of 1,506,304,455,000. Volume measures the total number of shares or contracts traded during a specific period, indicating market participation levels.
The Fear & Greed Index registers 27 out of 100, placing market sentiment in the "Fear" zone. This index measures market emotions and sentiment by analysing volatility, market momentum, social media activity, surveys, Bitcoin dominance, and safe haven demand.
The Federal Reserve's interest rate sits at 3.64%, 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 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-heavy stocks and the broader US equity market respectively.
The VIX volatility index recorded 17.26 points. The VIX measures implied volatility expectations for the S&P 500 over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance currently stands at 58.36% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's share of the entire digital asset ecosystem's combined market value.
The Dollar Index (DTWEXBGS) trades at 118.04 with a decline of 0.30%. This broad-based index measures the US dollar's strength against a weighted basket of major trading partner currencies.
Gold trades at $4,537.74 per ounce whilst WTI crude oil stands at $101.56 per barrel. These commodities measure precious metals market sentiment and global energy costs respectively, serving as traditional stores of value and economic indicators.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Neutral | +0.04% 24h |
| RSI (14) | Negative | 36.6 |
| MACD | Negative | Hist: -304.2533 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Positive | 1.03x avg |
| Fear & Greed Index | Negative | 27/100 (Fear) |
| BTC Dominance | Positive | 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 |