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- Bitcoin is steadying above $73K, trading for $73,383 at the time of writing, around the same level as this time yesterday.
- Ethereum is down by 2%, dipping below the key $4,000. The dip in price comes as Dencun, the largest upgrade on the network since the Merge, was deployed successfully yesterday.
- Among the big movers today are Solana (+11%) and Avalanche (+3%).
🌦️The Data
| Name | 24h Price | 24h % Change |
| Bitcoin | $73,383.69 | +0.07% |
| Ethereum | $3,969.23 | -2.15% |
| Solana | $169.24 | +11.89% |
| XRP | $0.6796 | -2.63% |
| Cardano | $0.7785 | +1.26% |
| Avalanche | $56.24 | +3.87% |
| Polkadot | $11.29 | +1.85% |
| Polygon | $1.23 | +2.00% |
| Chainlink | $20.48 | -1.79% |
| Bitcoin Cash | $441.60 | +1.21% |
| Uniswap | $14.19 | -1.95% |
| Litecoin | $95.36 | –2.95% |
| Cosmos (ATOM) | $13.87 | +1.64% |
| Stellar (XLM) | $0.1489 | -2.20% |
| Maker (MKR) | $2,801.62 | +1.15% |
| Algorand (ALGO) | $0.315 | –0.82% |
| Aave (AAVE) | $140.39 | -4.57% |
| Curve DAO Token (CRV) | $0.8589 | +0.05% |
Total crypto market cap
$2.76 trillion (+0.34%)
What Bitcoin did yesterday
Daily high $73,623 | Daily low $71,338
Bitcoin market capitalisation
$1.44 trillion (+0.51%)
Bitcoin volume
$46.93 billion (+24.98%)
CoinDesk Large Cap Select Index
+2.51%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
-0.19%
Fear and Greed Index
91 (Extreme Greed)
Bitcoin’s market dominance
53.78
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
68.49
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
👾 Newsmaker
Dencun on Ethereum ships successfully
- The latest successful upgrade is being described by Ethereum developers as the biggest upgrade on the Ethereum network since the Merge.
- The Dencun upgrade shipped yesterday and will aim to make transaction settlements cheaper for applications that operate on Ethereum.
- “Ethereum Layer 2 rollups can now use blobs instead of the “calldata” method for posting transactions — offering a direct path to fee reduction and passing these savings to end users,” The Block reported.
What they said yesterday
*Investing in cryptocurrency may result in the loss of capital. This information should not be construed as a solicitation to trade. All opinions, news, research, analysis, prices or other information is provided as general market commentary for information purposes only and is not investment advice or recommendation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
13/03/2024
- Bitcoin has seemingly consolidated above $72,000, moving straight through $73,000 to trade at $73,470 this morning, up 2.5% overnight.
- The price of Ethereum is up 2% with the original smart contracts crypto trading for $4,063, at the time of writing. The Dencun upgrade is set for release on the Ethereum network today. The aim is to introduce a new way for layer-2 networks to settle transactions on Ethereum, thereby reducing fees in the long run.
- There are very few red candles in crypto markets today. AVAX, ALGO and Aave are among the cryptocurrencies that have delivered notable returns overnight, each posting daily green candles of 13% or more.
🌦️The Data
| Name | 24h Price | 24h % Change |
| Bitcoin | $73,470.44 | +2.50% |
| Ethereum | $4,063.02 | +2.09% |
| Solana | $152.14 | +1.71% |
| XRP | $0.6967 | +1.00% |
| Cardano | $0.7713 | +4.15% |
| Avalanche | $54.12 | +15.35% |
| Polkadot | $11.13 | +5.73% |
| Chainlink | $20.84 | +2.73% |
| Polygon | $1.22 | +4.31% |
| Bitcoin Cash | $447.30 | +5.61% |
| Uniswap | $14.51 | +4.97% |
| Litecoin | $98.50 | +1.29% |
| Cosmos (ATOM) | $13.61 | +3.15% |
| Stellar (XLM) | $0.1532 | +2.66% |
| Maker (MKR) | $2,780.41 | +9.01% |
| Algorand (ALGO) | $0.3163 | +13.79% |
| Aave (AAVE) | $147.37 | +13.42% |
| Curve DAO Token (CRV) | $0.8579 | +7.25% |
Total crypto market cap
$2.75 trillion (+1.6%)
What Bitcoin did yesterday
Daily high $72,916 | Daily low $68,845
Bitcoin market capitalisation
$1.42 trillion (+2.5%)
Bitcoin volume
$63.21 billion (+10.83%)
CoinDesk Large Cap Select Index
-2.15%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
+1.12%
Fear and Greed Index
90 (Extreme Greed)
Bitcoin’s market dominance
53.90
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
76.39
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
👾 Newsmaker
Latest Ethereum upgrade aims to reduce fees for apps on the network
- Ethereum’s latest upgrade is set to be implemented today. The Dencun upgrade aims to reduce fees for Layer-2 projects built on Ethereum.
- The upgrade introduces new types of transactions, called blobs, which will optimise how Layer-2 networks on Ethereum settle transactions.
What they said yesterday
*Investing in cryptocurrency may result in the loss of capital. This information should not be construed as a solicitation to trade. All opinions, news, research, analysis, prices or other information is provided as general market commentary for information purposes only and is not investment advice or recommendation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
12/03/2024
- Bitcoin posted a high of around $72,700 yesterday before retracing to around $71,700 this morning, still up by 0.5% over 24 hours.
- The price of Ethereum continues to test $4,000, trading just below this psychological level at the time of writing.
- It’s a mixed bag across the crypto markets. XRP is up significantly, trading in the green by 12%, while the price of Litecoin has increased by 6%. Younger cryptocurrencies such as Chainlink and Polkadot are each in the red by roughly 3%.
🌦️The Data
| Name | 24h Price | 24h % Change |
| Bitcoin | $71,749.13 | +0.57% |
| Ethereum | $3,996.66 | -0.10% |
| Solana | $150.61 | +1.51% |
| XRP | $0.6965 | +12.32% |
| Cardano | $0.7475 | +1.78% |
| Avalanche | $47.15 | +9.74% |
| Polkadot | $10.58 | -0.05% |
| Chainlink | $20.44 | -3.44% |
| Polygon | $1.18 | -3.71% |
| Bitcoin Cash | $425.21 | -3.77% |
| Uniswap | $13.92 | -2.53% |
| Litecoin | $97.45 | +6.82% |
| Cosmos (ATOM) | $13.27 | -1.91% |
| Stellar (XLM) | $0.1497 | -4.58% |
| Maker (MKR) | $2,559.39 | +3.33% |
| Algorand (ALGO) | $0.2805 | +2.16% |
| Aave (AAVE) | $130.58 | -2.21% |
| Curve DAO Token (CRV) | $0.8045 | -1.32% |
Total crypto market cap
$2.7 trillion (+4.07%)
What Bitcoin did yesterday
Daily high $72,771 | Daily low $67,452
Bitcoin market capitalisation
$1.4 trillion (+1%)
Bitcoin volume
$57.49 billion (+25.3%)
CoinDesk Large Cap Select Index
+5.9%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
-0.1%
Fear and Greed Index
92 (Extreme Greed)
Bitcoin’s market dominance
54.01
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
54.10
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
👾 Newsmaker
Fewer newly-made millionaires this Bitcoin rally
- While it’s being debated whether we have actually entered a bull run, the numbers show that the latest significant Bitcoin price rally is producing fewer Dollar millionaires than the last bull run in 2021.
- “According to data tracked by Paris-based Kaiko, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That’s significantly lower than the last bull run, which bred over 4,000 millionaire wallets per day and over 2,000 wallets with a $10 million balance per day,” CoinDesk reports.
- “This could be due to a few things: (1) New capital has yet to arrive in full force. (2) Large whales are taking profit as BTC hits new highs. (3) Whales are storing their holdings with custodians, rather than personal wallets,” Kaiko said in the weekly newsletter.
What they said yesterday
“If you could teleport gold from New York to Tokyo in a few minutes, people would like it.”
– Michael Saylor, Founder of MicroStrategy on Bitcoin
*Investing in cryptocurrency may result in the loss of capital. This information should not be construed as a solicitation to trade. All opinions, news, research, analysis, prices or other information is provided as general market commentary for information purposes only and is not investment advice or recommendation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
11/03/2024
- The original cryptocurrency tested the $70,000 barrier on Friday but quickly dipped 5% back to $67,000. Bitcoin is trading just above $71,000 at the time of writing, up by more than 2% overnight.
- Ethereum pushed past $4,000 this morning, for the first time since the November 2021 bull market.
- Chainlink and Maker are also making notable moves today, both up my more than 5% on the day.
🌦️The Data
| Name | 24h Price | 24h % Change |
| Bitcoin | $71,325.68 | +2.49% |
| Ethereum | $3,991.39 | +1.07% |
| Solana | $149.73 | +1.18% |
| XRP | $0.6232 | –0.54% |
| Cardano | $0.7367 | +0.13% |
| Avalanche | $43.11 | –1.11% |
| Polkadot | $10.63 | +1.13% |
| Chainlink | $21.26 | +5.99% |
| Polygon | $1.22 | +2.21% |
| Bitcoin Cash | $443.10 | +1.42% |
| Uniswap | $14.31 | +0.42% |
| Litecoin | $91.72 | +2.92% |
| Cosmos (ATOM) | $13.61 | +0.79% |
| Stellar (XLM) | $0.1445 | +0.15% |
| Maker (MKR) | $2,651.44 | +5.23% |
| Algorand (ALGO) | $0.276 | +1.50% |
| Aave (AAVE) | $134.39 | +1.68% |
| Curve DAO Token (CRV) | $0.817 | +2.64% |
Total crypto market cap
$2.68 trillion (+1.65%)
What Bitcoin did yesterday
Daily high $69,905 | Daily low $68,165
Bitcoin market capitalisation
$1.4 trillion (+2.52%)
Bitcoin volume
$46.36 billion (+79.27%)
CoinDesk Large Cap Select Index
+1.46%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
-0.65%
Fear and Greed Index
89 (Extreme Greed)
Bitcoin’s market dominance
53.89
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
53.20
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
👾 Newsmaker
BlackRock aims to allocate Bitcoin to three of its funds
- BlackRock said in a Thursday filing it may buy shares of bitcoin exchange-traded products (ETPs) traded on “national securities exchanges” for the BlackRock Global Allocation Fund, reports Blockworks.
- “Our actions in this space will continue to be guided by what is best for our clients and the applicable investment strategy of the fund,” the representative told Blockworks in an email.
What they said yesterday
*Investing in cryptocurrency may result in the loss of capital. This information should not be construed as a solicitation to trade. All opinions, news, research, analysis, prices or other information is provided as general market commentary for information purposes only and is not investment advice or recommendation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
8/03/2024
- Ethereum, the original smart contracts crypto, is in the positive by more than 3% overnight and is trading just shy of $4,000 this morning.
- Bitcoin is relatively flat at $67,360 at the time of writing, especially compared to previous weeks. The market leader has returned 9% over seven days and 50% over 30.
- Among the younger cryptos, Algorand is one of the big movers overnight. ALGO is in the green by 5% over 24 hours, and has shown significant returns of 72% over 30 days.
🌦️The Data
| Name | 24h Price | 24h % Change |
| Bitcoin | $67,360.07 | +1.14% |
| Ethereum | $3,919.98 | +3.17% |
| Solana | $145.16 | +4.59% |
| XRP | $0.6228 | -0.59% |
| Cardano | $0.733 | -0.73% |
| Avalanche | $43.21 | +1.01% |
| Polkadot | $10.36 | -0.80% |
| Chainlink | $19.87 | -0.52% |
| Polygon | $1.16 | +2.15% |
| Uniswap | $14.97 | -0.24% |
| Bitcoin Cash | $429.55 | +5.04% |
| Litecoin | $87.72 | +3.10% |
| Cosmos (ATOM) | $13.53 | -2.33% |
| Stellar (XLM) | $0.1412 | -0.75% |
| Algorand (ALGO) | $0.2781 | +5.18% |
| Maker (MKR) | $2,092.91 | +0.50% |
| Aave (AAVE) | $129.92 | +3.98% |
| Curve DAO Token (CRV) | $0.7845 | +1.14% |
Total crypto market cap
$2.57 trillion (+3.18%)
What Bitcoin did yesterday
Daily high $67,985 | Daily low $65,602
Bitcoin market capitalisation
$1.32 trillion (+1.38%)
Bitcoin volume
$43.58 billion (-27.48%)
CoinDesk Large Cap Select Index
+1.63%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
+1.03%
Fear and Greed Index
89 (Extreme Greed)
Bitcoin’s market dominance
53.28
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
47.49
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
👾 Newsmaker
Pantera Capital raising funds to buy FTX’s Solana stack
- Asset manager Pantera Capital wants to reportedly buy $250 million of Solana from the FTX estate, Bloomberg reports.
- Pantera initiated the Pantera Solana Fund to acquire the coins.
- The coins will be sold at a discounted rate of 39% to interested investors, who must hold the Solana for four years, as per the sale agreement.
What they said yesterday
*Investing in cryptocurrency may result in the loss of capital. This information should not be construed as a solicitation to trade. All opinions, news, research, analysis, prices or other information is provided as general market commentary for information purposes only and is not investment advice or recommendation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
07/03/2024
- The majority of next-gen large-caps are up while the prices of Bitcoin and Ethereum hang back this morning.
- Solana, Cardano, Polkadot, Avalanche, Aave and Curve are among the many cryptos in the green today. Bitcoin is trading for around $66,700, while Ethereum is currently priced at $3,798,.
- The CoinDesk Large Cap Select Index, generally a good indicator of large-cap cryptos’ performance, is up 4% overnight, whereas Bitcoin is down 0.8% over the same timeframe.
🌦️The Data
| Name | 24h Price | 24h % Change |
| Bitcoin | $66,767.42 | -0.81% |
| Ethereum | $3,798.91 | -0.85% |
| Solana | $139.12 | +3.89% |
| XRP | $0.6263 | -1.26% |
| Cardano | $0.7389 | +1.03% |
| Avalanche | $42.79 | +3.41% |
| Polkadot | $10.49 | +2.43% |
| Chainlink | $19.99 | +1.69% |
| Polygon | $1.13 | +4.65% |
| Uniswap | $15.05 | +1.38% |
| Bitcoin Cash | $413.26 | -1.17% |
| Litecoin | $85.33 | -1.61% |
| Maker | $2,088.05 | -1.00% |
| Aave | $124.85 | +10.40% |
| Curve DAO Token (CRV) | $0.7824 | +7.15% |
| Cosmos (ATOM) | $13.86 | +10.16% |
Total crypto market cap
$2.5 trillion (+0.78%)
What Bitcoin did yesterday
Daily high $67,604 | Daily low $62,848
Bitcoin market capitalisation
$1.31 trillion (-0.43%)
Bitcoin volume
$59.84 billion (-40%)
CoinDesk Large Cap Select Index
+4.53%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
+0.51%
Fear and Greed Index
88 (Extreme Greed)
Bitcoin’s market dominance
53.70
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
51.01
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
👾 Newsmaker
Is the Bitcoin Kimchi premium back?
- The so-called Kimchi-premium trade, through which Sam Bankman Fried made millions of Dollars, recorded a two-year high, CoinDesk reports.
- The Bitcoin Kimchi Premium is when Bitcoin sells for a higher price in South Korea compared to the rest of the world. Traders aim to take advantage of this by buying Bitcoin at lower prices on global exchanges and selling it at higher prices on South Korean exchanges.
- It’s not as simple as it sounds, though. “Pocketing gains from the arbitrage is quite difficult. Korea has strict capital controls, and it is challenging for foreigners to withdraw large amounts of money from the country. It means big funds cannot capitalize on the trade, and smaller investors may not have the required infrastructure,” Shaurya Malwa of CoinDesk explains.
What they said yesterday
*Investing in cryptocurrency may result in the loss of capital. This information should not be construed as a solicitation to trade. All opinions, news, research, analysis, prices or other information is provided as general market commentary for information purposes only and is not investment advice or recommendation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
06/03/2024
- Bitcoin hit an all-time high of more than $69,200 for the first time since the previous ATH of $68,900 in November 2021. The tagging of the high was followed by a cascade of profit-taking from investors, say analysts, causing the market leader to fall all the way to $61,000, only to dust itself off and continue the climb back to previous levels. Bitcoin is trading for $67,421 at the time of writing.
- Ethereum is pushing towards $4,000, currently changing hands for $3,856. Other cryptocurrencies followed Bitcoin into the red yesterday but never seemed to recover. The CoinDesk Large Cap Select Index is down more than 5% overnight, an indication of the drawdown among the younger large-caps.
- The big question investors are asking, is what lies beyond $69,000?
🌦️The Data
| Name | 24h Price | 24h % Change |
| Bitcoin | $67,421.76 | +1.40% |
| Ethereum | $3,856.11 | +4.63% |
| Solana | $133.79 | +3.26% |
| XRP | $0.6228 | -2.57% |
| Cardano | $0.7517 | -0.95% |
| Avalanche | $41.55 | -2.67% |
| Polkadot | $10.13 | -4.17% |
| Chainlink | $19.75 | -3.61% |
| Polygon | $1.09 | -2.16% |
| Uniswap | $14.87 | +15.14% |
| Bitcoin Cash | $420.37 | -4.12% |
| Litecoin | $87.20 | -2.23% |
| Maker | $2,122.64 | -1.42% |
| Aave | $113.61 | -1.59% |
| Curve DAO Token (CRV) | $0.7355 | -5.03% |
Total crypto market cap
$2.52 trillion (+1.32%)
What Bitcoin did yesterday
Daily high $69,063 | Daily low $60,138
Bitcoin market capitalisation
$1.32 trillion (+1.05%)
Bitcoin volume
$100.32 billion (+28.7%)
CoinDesk Large Cap Select Index
-5.32%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
–1.02%
Fear and Greed Index
86 (Extreme Greed)
Bitcoin’s market dominance
53.94
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
52.65
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
👾 Newsmaker
New BTC all-time high triggers a wave of profit-taking
- The market leading cryptocurrency set a new all-time of $69,000 yesterday, which analysts say triggered a wave of profit-taking, before crashing all the way down to $61,000.
- The price has steadily picked back up again. It’s been more than 800 days since the previous all-time high.
- “Many traders may have held onto their long positions through the depths of the crypto winter, and are now finally seeing an opportunity to exit at a profit,” Caroline Mauron, co-founder of digital-asset derivatives liquidity provider Orbit Markets, commented to MyBroadband. “It is not clear how quickly this can be absorbed by new retail and institutional interest, but we do expect the all-time high and levels further up to be re-tested shortly.”
What they said yesterday
*Investing in cryptocurrency may result in the loss of capital. This information should not be construed as a solicitation to trade. All opinions, news, research, analysis, prices or other information is provided as general market commentary for information purposes only and is not investment advice or recommendation. Luno always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
05/03/2024
- The price of Bitcoin peaked yesterday at $68.8K, before dropping back down to around $66.7K, where it’s trading this morning. The market leader posted all-time highs against the Pound and Euro, while coming close to the USD all-time high of $69,000.
- Ethereum at $3,690 is up another 4% in the last 24 hours, with cryptos such as Polkadot (+6%), Uniswap (3.75%), Maker (2.17%) and Aave (2.67%) following in the green.
- CRV, the native cryptocurrency of Curve DAO, has surged 14% overnight, trading for around $0.7 at the time of writing. Bitcoin Cash is also up a remarkable 47% over seven days.
- Spot ETFs continue to churn out significant trading volumes, the latest from the institutions being that BlackRock is reportedly looking at including spot BTC ETFs in one of its funds.
🌦️The Data
| Name | 24h Price | 24h % Change |
| Bitcoin | $66,706.49 | +2.77% |
| Ethereum | $3,690.50 | +4.98% |
| Solana | $130.21 | -1.46% |
| XRP | $0.6415 | -0.23% |
| Cardano | $0.7598 | -3.82% |
| Avalanche | $42.79 | -1.62% |
| Polkadot | $10.59 | +6.90% |
| Chainlink | $20.56 | -0.20% |
| Polygon | $1.12 | +1.31% |
| Bitcoin Cash | $440.31 | -4.65% |
| Uniswap | $12.90 | +3.75% |
| Litecoin | $89.30 | -2.44% |
| Maker | $2,152.16 | +2.17% |
| Aave | $115.39 | +2.67% |
| Curve DAO Token (CRV) | $0.779 | +14.06% |
Total crypto market cap
$2.48 trillion (+2.48%)
What Bitcoin did yesterday
Daily high $68,714 | Daily low $65,381
Bitcoin market capitalisation
$1.31 trillion (+2.63%)
Bitcoin volume
$78.42 billion (+112.61%)
CoinDesk Large Cap Select Index
+7.79%
The CoinDesk Large Cap Select Index (DLCS) measures the market cap weighted performance of some of the largest cryptocurrencies.
SP500
–0.12%
Fear and Greed Index
90 (Extreme Greed)
Bitcoin’s market dominance
54.54
The Bitcoin Market Dominance indicator measures the percentage of total cryptocurrency market capitalisation represented by Bitcoin at a given time.
Relative Strength Index (RSI)
54.54
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
👾 Newsmaker
BlackRock reportedly wants to include BTC ETFs in one of its funds
- BlackRock has reportedly filed to buy more spot Bitcoin ETFs to include in one of its funds, called the Strategic Income Opportunities Fund (SIO).
- The main focus of the fund is to preserve capital.
