Bitcoin May Need to Pull Back Before Rallying to $30,000

  • Bitcoin recently lost bullish momentum, trading in the $26,750 – $28,730 range, with $28,000 as critical resistance
  • A potential pullback may lead to a retreat toward the $27,250-$27,500 support and a sharp correction toward $25,000
  • Fed’s interest rate hike put pressure on banks, and escalation of banking crisis may help spur a rally to $30,000

has lost bullish momentum after reclaiming the 2023 trend line with last week’s bounce. This past week, BTC prices reflected increasing volatility.

Among the technical indicators we have been following based on Bitcoin’s February-March pullback, the $26,750 – $28,730 range has been crucial in recent weeks. These are Fibonacci expansion levels.

Lately, BTC has been trading in this range. Since last week, the $26,700 level has been acting as support. And it has made weak attempts to breach the $28,700 level. Meanwhile, $27,500 (Fib 1,414) continues to act as a short-term pivot level.

Bitcoin Daily Chart

Bitcoin’s $28,000 Resistance Critical

Meanwhile, BTC continues to attempt to break above the $28,000 level, and the failure to gain traction in this region is starting to create stress in the BTC market.

Next week, we may see increased selling pressure if the $28,700 level is not breached in weekend trading.

The current trend for Bitcoin continues to be suppressed after breaking into the $27,000 band. If buying interest wanes, this pressure could turn into a sharp correction. The first support zone for a potential pullback is the $27,250-$27,500 area. This support is at the 8-day exponential moving average (EMA) at $27,500, which is the pivot level.

BTC could quickly retreat toward the $25,000 area on a potential breakout. The $25,000 area was a major resistance zone in February, along with the 21-day EMA.

Finally, based on the short-term price action, the $22,800 – $23,000 area will be a key support zone for Bitcoin.

For Bitcoin’s uptrend to be technically triggered, it is important to break $28,700, which I have been highlighting for some time, on volume or weekly close. BTC can rally to $34,000 on high volume if this break occurs.

This week saw the announcement of the most critical Fed in months. And the message regarding the banking crisis that began in the U.S. and spread to Europe at the FOMC meeting was extremely important.

The expectation that the Fed would raise rates by 25 basis points had already been priced in before the decision.

However, after Powell’s speech at the , Bitcoin retreated slightly. The Fed reaffirmed its commitment to its inflation target and put pressure on the banks by continuing to raise interest rates.

Continuing Banking Crisis Could Help Support Bitcoin

On the other hand, Powell said that they have enough tools to support banks. He signaled that the Fed could take steps to expand the bank’s balance sheet if necessary while implementing a tight monetary policy.

Currently, the price is defending the $26,000 support level amid mixed reactions in the Bitcoin market. The banking sector is once again on the agenda.

Today, shares of Deutsche Bank (ETR:) fell by more than 10%, which was interpreted as a further escalation of the crisis in the banking sector.

As at the beginning of the process, all these developments may further increase the demand for Bitcoin-based crypto assets.

With fresh buying interest at the weekly close above $28,700, we may see Bitcoin rally toward the $30,000 band next week. However, failure to break through resistance will trigger a correction to $25,000.

Disclosure: The author doesn’t own any of the securities mentioned.

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Binance Spot Trading Suspended After Most Recent Bitcoin Plunge

Binance, the largest cryptocurrency exchange in the world right now, has decided to temporarily stop spot trading on the platform.

The announcement came after the most popular coin, Bitcoin plunged by 3% on Friday, March 24.

Binance is Currently Resolving Spot Trading Issue

Binance Spot Trading Gets Suspended After Bitcoin Plunges Under $27,300

(Photo : Kanchanara from Unsplash)
The world’s largest crypto exchange has temporarily halted the spot trading on the platform.

According to a recent report by FX Street, Binance is currently on the move to look for the potential reason behind the spot trading issue.


“We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily suspended as we work to resolve this as soon as possible,” Binance posted on its official Twitter account.

While the company did not detect the nature of the problem, it looked forward to bringing a fix to the issue ASAP.

Binance also tweeted that deposits and withdrawals will be paused as part of the standard operating procedure or SOP.

An hour ago, the company wrote that Engine 1 returned to normal operations online. It added that the team has been “taking hourly snapshots” for the bug. More reconciliations will be made and it might take a longer time before everything goes back online.

TechCrunch reports that the majority of crypto spot volume is under Binance. The company is reportedly handling more than 60% of the volume globally.

Arcane Research notes that the zero commission is the key reason why the shares of Bitcoin spot volume have skyrocketed for the recent quarters by more than 90%.

We expect that new updates will be announced by Binance once there’s progress made in line with spot trading suspension.

Binance’s Involvement in Bitzlato Money Laundering Scam

Earlier this year, Tech Times reported that Binance has appeared to be a frontrunner in one of the biggest illegal money transfers so far.

Crypto trading platform Bitzlato was accused of sending $346 million of “illicit” funds via Binance.

According to the authorities, Binance was one of the receiving parties which got the money from another platform. The incident took place between January 1, 2018 and June 30, 2022.

For the past four years, Binance was often involved in money laundering allegations. As such, law enforcement agencies thought that scammers were conniving with the company to carry out their illegal operations amid restrictions.

Related Article: Binance Wants to Increase Employment by 15-30% in 2023

Bitcoin Price Falls Below $27,300

After Binance announced the temporary suspension of spot trading, Bitcoin slightly plunged below $27,300 from $28,000, according to Coindesk.

Meanwhile, the second largest cryptocurrency on the planet dropped by 2% in trading. Ethereum plunged to $1,751 at the time of writing.

For more cryptocurrency-related articles, make sure to click this link so you won’t miss our up-to-date reports about the most trending tokens and coins right now.

Meanwhile, check our latest report about the best crypto picks for beginners in 2023.

Read Also: Coinbase Shares Dip by 15% Following SEC Warning

Joseph Henry

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Why Are investors choosing Dogetti, Bitcoin, and BNB amid the global banking collapse?

Why Are investors choosing Dogetti, Bitcoin, and BNB amid the global banking collapse?


Investors typically steer clear of risky assets like cryptocurrencies during periods of economic uncertainty. The global crypto market cap increased to $1.18 trillion as the sell-off persisted. The price of the two biggest cryptocurrencies is currently trading in the red, along with other altcoins. The value of the cryptocurrency market has increased over the last week as Bitcoin, Ethereum, and alternative coins like Binance and Solana surged higher. Bitcoin price has abruptly increased as investors, alarmed by the banking crisis, have begun to hoard their funds in cryptocurrencies.
This article will evaluate the positive aspects of Dogetti’s presale features in addition to the price increases for Bitcoin and Binance.

Bitcoin – Rises Above $28,000

The most well-known digital currency in the world, Bitcoin, has recently surged after a string of dreadful news stories about the international banking sector. At the start of the third week of March, BTC is trading for $28,294, up 27% for the week. So far this year, it has a massive 72.16% gain.
With a market capitalization of over $545 billion, Bitcoin has since emerged as the most valuable and popular cryptocurrency. With many merchants and companies accepting it as payment, Bitcoin (BTC) is used as a store of value and a medium of exchange. A multitude of investors buys and sell Bitcoin in the hopes of making a profit. Since its all-time high of almost $65,000 per BTC in 2021, the value of Bitcoin (BTC) has experienced some significant swings. In early 2023, it fell from $26,514 to $19,628.
There are no signs that Bitcoin’s popularity is going down, and its influence on the financial sector is undeniable.

Binance – Stays In Uptrend

The BNB price has been getting higher over the last few days from the $265 support level. Similar to Bitcoin and Ethereum, the price moved into a positive zone after clearing the $280 resistance level. The price of the Binance coin is depicting uptrend indicators above the $330 mark. It is trading at $339, up more than 14% in the past week. When events causing economic instability occurred, Binance made its $1 billion emergency fund available to help keep the price of Bitcoin, Ethereum, Binance Coin, and other tokens high.
Based on daily trading volume, Binance is the largest cryptocurrency exchange in the crypto world. Binance seeks to establish cryptocurrency exchanges as a major force in global finance. For its users, Binance has a vast ecosystem of features. The projects that make up the Binance network—Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research, all use blockchain technology to usher in a new era of finance.

Dogetti – The Ultimate Dog-Themed Crypto with Community-Driven Approach

Dogetti (DETI), a new meme coin in the crypto sector, has so far been successful in its goal of building a strong community to transfer wealth to Dogetti family members. Through its presale track record, it is successfully connecting with its target audience. The second phase of DETI’s presale campaign is open and saw the sale of 7.5 billion DETI tokens so far, shocking the cryptocurrency community by raising $600k.
The exciting Dogetti NFTs and DogettiDAO features of the Dogetti Ecosystem will soon be unveiled. Dogetti NFTs are one-of-a-kind, collectible digital assets that signify having a special virtual companion. Users of these NFTs can adopt their Dogetti puppy, can breed, develop, and then trade other Dogetti NFTs for fiat or cryptocurrencies. For holders, this presents an entirely novel realm of possibilities, enabling them to not only accumulate and own these digital assets but also to make money off of them.
In addition to fostering transparency and accountability in the project’s decision-making process, DogettiDAO offers family members a highly effective platform to influence the project’s vision and earn rewards for their engagement.
The Dogetti website offers the most recent bonus code for buying DETI. The one-time secret family code, “DON50,” is only available for a short period of time and allows buyers to receive 50% more tokens.




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Bitcoin Price Action Mirrors Q1 2021, Volatility Ahead?

The surge of the largest cryptocurrency in the market, Bitcoin (BTC), has caught the attention of investors and analysts, with many drawing parallels to BTC’s performance in Q1 2021. While the similarities are striking, some experts caution against assuming that history may repeat itself. 

According to the market watcher Maartunn, Bitcoin’s current price action is showing similarities to its performance in Q1 2021. 

Maartunn suggests that while it doesn’t necessarily mean that it will repeat itself, it’s important not to ignore the similarities between the current market conditions and those in Q1 2021, which could lead to increased volatility. 

Bitcoin’s price action similarities in 2021 and 2023 before a bull run. Source: Maartunn on Twitter.

Bitcoin’s Bull Run Will Be Delayed?

According to what the market watcher Martunn has spotted in Q1 2021 and 2023 in response to another analyst, CryptoCon, a small, short-term correction in Bitcoin price may be necessary to fuel the current bull run. 

This is common in Bitcoin’s cycles and typically happens after the price breaks above the 50 exponential moving average (EMA). After this break, Bitcoin typically experiences one retest during the entire bull run. 

Retests of key support levels, such as those seen in Q1 2021 and potentially in 2023, are viewed as a healthy and necessary correction that can support years of gains for Bitcoin. CryptoCon believes that a correction in Bitcoin’s price could benefit the cryptocurrency’s long-term growth and the similarities between these periods. 

By establishing a more sustainable trajectory, a correction could help to promote a more stable and sustainable market for BTC.

Bitcoin retests support before it rallies in the previous cycles. Source: CryptoCon on Twitter.

Key Supports For BTC In Case Of A Pullback 

In the event of a pullback in Bitcoin’s price, it will be crucial for bulls to defend the levels of $24,000 and $25,000 to prevent further decline. This range has been an important accumulation zone for buying more Bitcoin in the current uptrend, which could help extend the rally and enable the cryptocurrency to break through the $30,000 level with strength.

However, In the event of a sell-off in Bitcoin’s price, where the cryptocurrency continues to decline below the $24,000 mark, it will be important for bulls to hold the lower levels of $21,000 and $19,000. 

These levels are considered crucial support floors that could prevent a further decline in Bitcoin’s price in a worst-case scenario. 

As of writing, Bitcoin’s price has remained relatively stable recently, trading at around $27,900. Despite this, Bitcoin is still hovering near an important resistance level at the $28,600 mark, which is seen as a major hurdle to clear before the cryptocurrency can breach the $30,000 level.

Overall, a short-term correction in Bitcoin’s price action should not be cause for alarm but rather seen as a normal and necessary part of the cryptocurrency’s market cycles.

Bitcoin is trading in a small range between $27,800 and $28,200 on the 1-day chart. Source: BTCUSDT on

Chart from Tradingview.

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$393 billion balance sheet expansion

The Federal Reserve’s recent $393 billion balance sheet expansion may be linked to the ongoing bitcoin price rally and a growing distrust in the traditional banking system.

The Federal Reserve’s balance sheet has grown by an impressive $393 billion in just two weeks, which has led to speculation about the reasons behind this expansion. One notable angle to consider is the potential link between the ongoing bitcoin price rally since January 2023 and the Fed’s growing distrust in the traditional banking system. The crypto community closely watches these developments, examining the potential consequences for bitcoin and other cryptocurrencies.

Bitcoin rally & Fed's distrust: $393 billion balance sheet expansion - 1
The total amount of money held by the Fed | Source:

Bitcoin’s price has experienced a remarkable rally since January 2023, capturing the attention of investors and the financial world. As the cryptocurrency‘s value continues to climb, some experts suggest that the Federal Reserve’s decision to expand its balance sheet might respond to the growing distrust in the banking system, which has become increasingly evident in the face of bitcoin’s success and the implosion of multiple banks.

The Federal Reserve has been injecting liquidity into the market and stabilizing the economy through its asset-purchasing program, causing its balance sheet to reach an all-time high of $8.77 trillion. This massive expansion has led to increased scrutiny. Many financial experts questioned whether losing confidence in the banking system drives the Fed’s actions. The concurrent rise in bitcoin’s value has only fueled this debate further.

As bitcoin continues to be viewed as a hedge against inflation and a store of value, its price rally may have exacerbated concerns within the Federal Reserve about the stability of the traditional banking system. Consequently, the Fed’s balance sheet expansion might attempt to counteract this growing uncertainty and maintain control over the financial landscape.

While it is important to note that a definitive correlation between the Federal Reserve’s balance sheet expansion and bitcoin’s price rally has not been established, the ongoing financial events have intensified the discussion around cryptocurrencies and their role in the global economy. Market participants will closely monitor the Federal Reserve’s actions and their potential impact on the cryptocurrency market, particularly bitcoin.

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Bitcoin Lost 2.40% to $27632.26 at 5 p.m. ET — Data Talk – Stock market news

Bitcoin is down $679.69 today or 2.40% to $27632.26

–Down two of the past three days

–Up 19.32% month-to-date; On pace for best month since Jan. 2023 when it gained 38.68%

–Up 66.97% year-to-date

–Down 59.25% from its all-time high of $67802.30 on Nov. 9, 2021 (based on 5 p.m. levels)

–Down 37.99% from 52 weeks ago (March 25, 2022), when it traded at $44564.38

–Down 42.37% from its 52-week high of $47944.16 on March 28, 2022 (based on 5 p.m. levels)

–Up 77.10% from its 52-week low of $15602.37 on Nov. 21, 2022 (based on 5 p.m. levels)

–Traded as low as 27547.71

–Down 2.70% at today’s intraday low

Source: CoinDesk, Dow Jones Market Data

(END) Dow Jones Newswires

03-24-23 1730ET

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Ludwig Divulges Into ‘Bitcoin Scams’ Following the Ban of Linus Tech Tips on YouTube

The expansion of the online sphere has resulted in some major advancements. These have helped ease the life of an individual, giving them access to the world at their fingertips. But like a coin, it has a different side as well.

Scammers, hackers, and many such notorious groups become more and more prominent in the ever-expanding internet space. The hack of Linus Tech Tips is a recent example of such an attack.  Ludwig recently explored the depths of such cyber attacks.

Ludwig dives into the depths of bitcoin scamming


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Per day, online fraud affects countless people. One popular and recent victim of this attack is the YouTube channel Linus Tech Tips. They are known for their intriguing technologically oriented content. Apparently, they were hacked by Bitcoin scammers, who used Linus’ page to promote digital currency.

Ludwig was seen talking about the bitcoin scam that has been prevalent in the past year. Basically, the hackers play a live stream on the hacked channel. The live stream is of Elon Musk, and it seems like the page is promoting the Bitcoin idea. The method of hacking, according to Lud, is quite interesting and easy.

For these popular YouTube channels, there would be many people working in different departments. That is, apart from the owner, there would be editors, thumbnail creators, and many more, who have access to editing the channel. The hackers just need to trick any one of them through clickbaits or some other methods to get access to the sensitive data.

Ludwig thinks exactly this happened in the case of Linus Tech Tips. According to reports, the owner was trying to fight the live stream, trying to make the stream private. They also tried to change the stream key to end the live.

But all this was in vain, and as a repercussion, the hackers deleted 10 years’ worth of content from the channel. All these eventually made YouTube shut down the channel temporarily.

What is the solution to such situations?


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Ludwig has an interesting proposition to make. He wants YouTube to make two-factor authentication mandatory for every person who has access to a channel. Thus, making hacking more difficult for shady online figures.

This is not the first time a popular page was attacked and subjected to such live streams. Earlier, the British Army experienced the same problems.


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As for Linus Tech Tips, it seems like the channel is back online with access given back to the original owners. But the culprits of such notorious crimes still loom large in the online space.

Watch this Story:  Biggest Steamers Who Left Twitch and Switched to YouTube

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Here’s the week’s top metaverse and NFT news

Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news pertaining to NFTs, culture, and virtual worlds. Email with tips.

While Coinbase battles it out with Gary Gensler and the Securities and Exchange Commission, the IRS is taking on NFTs.

In a statement released Tuesday, the Internal Revenue Service said that it’s considering whether to tax NFTs like other collectibles, including gems or artwork. This is the first attempt the agency has made at trying to define how NFTs should be taxed—collectibles are taxed at a higher rate than other assets when sold after a year—and its ramifications could ripple throughout the industry. 

The agency is seeking comments from the public until June 19.

Elsewhere, companies are still laying the groundwork for the adoption of NFT tech. PlayStation maker Sony filed a patent recently that would protect its rights to create NFTs that can be transferred between games and consoles, a key interoperability mechanism that could fuel adoption of the tech in the gaming industry.

The patent also opened the door to NFTs being passed from one generation of console to another, for example from the PS4 to the PS5, or between Sony’s and a competitor’s devices. It also noted the potential uses of NFTs in esports, adding, according to CoinDesk: “In some example embodiments, the task may include a victory in an esports tournament and the digital asset may be usable via the NFT by the first end-user entity across plural different computer simulations.”

Finally, as rumors circulate about former president and current candidate Donald Trump being indicted soon, the floor price of the NFT collection he endorsed has skyrocketed

The collection, which was mocked for its crude art, has jumped double digits on NFT marketplace OpenSea to a price floor of 0.5 Ether, or around $883, from 0.3 Eth, or about $530, last week.

Company spotlight

One of the main issues with the mass adoption of Web3 tech has traditionally been onboarding, but a new startup, Redeem, is trying to change that by taking advantage of something we use every day: our phone numbers.

Instead of going through a complicated process to set up a crypto wallet, Redeem creates it for users automatically. Imagine a festival where the organizers are giving away a free NFT. Even if the attendees have no Web3 experience, all they need to do is scan a QR code, send a text to verify their phone number, and Redeem automatically creates a Polygon wallet linked to their phone number and deposits the NFT. The company also lets users link other types of existing wallets.

Founder and CEO Toby Rush said this technology could be transformative for companies looking to give away digital collectibles or incorporate NFT token-gating into events.

“There’s no app to download. There’s no form to fill out. So, literally, if you can click on a link, and hit send, that’s it,” Rush told Fortune.

When I tried out Redeem’s tech for myself, it took less than a minute from scanning a QR code to getting a sample NFT in a new wallet that displayed on the NFT marketplace Rarible. When I went to add a second NFT through the demo on Redeem’s website, I repeated the process of scanning a QR code but this time for a sample token-gated ticket. Immediately, Redeem recognized that I already had an account tied to my phone number and put the new NFT into the same crypto wallet.

In other news

Pace Verso, the Web3 hub of New York City-based Pace Gallery, and generative A.I. platform Art Blocks, announced three new NFT projects by artists Trevor Paglen, Maya Lin, and John Gerrard. The projects will be available for purchase on and sold via dutch auctions. One of the pieces, by Paglen, is an interactive and experiential NFT series in which Paglen has hidden Easter eggs for collectors to uncover, decipher, and use in other parts of his project. Collectors who find them get a free limited-edition vinyl LP from Paglen’s related “speculative reality work” titled CYCLOPS, and a gelatin-silver print by the artist.

Trevor Paglen, PRELUDES, Mint #0 of 250 unique NFTs © Trevor Paglen, courtesy Pace Verso and Art Blocks

Courtesy Pace Verso and Art Blocks

Supermodel and entrepreneur Karlie Kloss partnered with Roblox to launch a new experience in the digital world called FASHION KLOSSETTE. In the game, users can work their way up in the fashion industry from intern to editor-in-chief by designing looks to display on a virtual runway and in galleries. Kloss created the items with a team of talented Roblox designers that included 17-year-old developer Rush Bogin, who has been consulting Kloss on her metaverse ventures, and Jenni Svoboda, who designed the model’s digital floral dress from the Carolina Herrera Spring/Summer 2023 runway.

Courtesy of Roblox

Magic Eden launched a marketplace for the steadily growing Bitcoin NFT market this week. Building on its present support for Solana, Ethereum, and Polygon NFTs, Magic Eden’s new shop will help capitalize on the 400,000 Inscriptions, or minted Bitcoin NFTs, that exist to date. Initially the marketplace will include 13 collections, including Taproot Wizards, Inscribed Pepes, and Bitcoin Bandits.

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Bitcoin Drops Below $28K as Binance Announced Temporary Spot Trading Suspension

The world’s largest crypto exchange announced the temporary suspension of spot trading due to an error.

Although the team said they are working on resolving the issue, bitcoin’s price dipped immediately by nearly a grand.

  • Binance took it to Twitter to outline the platform issues, which impacted the spot trading features. The company said it suspended such trading while working on a solution.
  • An update from CEO Changpeng Zhao (CZ) shed some more light on the potential nature of the problem.
  • Despite the assurances from the Binance team that they are working to resolve this, BTC, and the rest of the crypto market, reacted with immediate price drops.
  • The largest digital assets fell by $700 to $27,500. Ethereum dropped from over $1,800 to $1,750 in minutes.
  • OKX, another crypto giant, recently went through a similar outage, which was related to some of its servers.

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Confidence in Bitcoin growing by the day


Get your tickets here…

The week in review

with Jason Deane

Bitcoin, and broader crypto markets, have continued to move up this week, although it’s fair to say that the last day or two has seen a softening of momentum.

In the UK, the Bank of England raised interest rates by another 25 basis points exactly as I didn’t predict they would. My view was that since the economic situation is both precarious and really quite complex at the moment, this upwards move might just be a step too far.

Of course, I’m clearly in a minority view and, like everyone else, will have to accept the BoE’s decision. For the record, however, I’d like it to be known I have concerns. Perhaps the same concerns as the two who voted against the rate rise this week in the committee of nine.

Meanwhile, back in the world of absolute certainty based on physics and mathematics, Bitcoin’s ultra-reliable story continues to play out. Difficulty rose again last night by 7.5581% – itself a substantial rise given the amount of hash power on the network –  to another new all-time high of 46.84T with a new record average hash rate of 335.23 EH/s.

If you’re not 100% sure what these numbers actually mean, think of it as confidence in the future by miners and you can see this confidence growing visually in chart form here. Compare and contrast that against any fiat-based chart system you choose – bonds, public debt interest, spending power, you name it – the difference is striking.

Confidence in the future is also obviously part of what drove LunarCrush to announce they are sending a wallet key containing at least 62 Bitcoin attached to a lunar rover to the moon later this year. Well, that and the fact that it’s a cracking marketing stunt, of course.

The idea is that in years to come, someone will make it to the moon and claim the keys to what should, in theory, be a small fortune. It’s likely to be many years before it is actually claimed, but watching this story unfold as the value of Bitcoin grows will be quite fascinating.

Of course, the downside is that it’s only a matter of time before the inevitable “Bitcoin to the Moon!” headline is published over and over again.

Back on planet earth, Interpol confirmed this morning that the man they picked up in Montenegro was indeed the infamous Do Kwon, the man behind TerraUSD and Luna, apparently travelling on false documentation but definitely “not on the run” according to his own statements. One thing is for certain, there are quite a few people who are going to want to have a word with him.

As for me, my week has been action packed, visiting and training at various racing circuits across the UK including Brands Hatch and Snetterton as Bitcoin Racing prepares for its second, much bigger, season of bringing Bitcoin to the racing masses in just two weeks’ time. As a rookie driver up against 39 other drivers on the grid, I’ll admit to being nervous.

Everyone is welcome to attend the events and you can find the calendar here, but if you can only make one, I’d suggest it’s the season finale at Silverstone on October 7 and 8. Not only is this a cracking place to watch the final races of the season, but there will be a major Bitcoin event in the paddock with speakers, music and some serious fun!

For now, however, have a great weekend!

Want to know more about how to maximise your Bitcoin holdings and learn simple ways to invest? Come to my next free webinar on March 28 at 6pm to find out, ask any questions, and grab some free Bitcoin*. Click here to register. (*18+, UK resident, new Luno users only)

Yesterday’s Crypto AM Daily in association with Luno

In the markets

The Bitcoin economy

*Data can be found at 

Total crypto market cap

The total capitalisation of the entire cryptocurrency market this morning was $1.179 trillion.

What Bitcoin did yesterday

We closed yesterday, March 23, at a price of $28,333. The daily high yesterday was $28,729, and the daily low was $27,183.

Bitcoin market capitalisation

Bitcoin’s market capitalisation this morning was $542.659 billion. To put it into context, the market cap of gold is $13.125 trillion and Tesla is $608.2 billion.

Bitcoin volume

The total spot trading volume reported by all exchanges over the last 24 hours was $23.043 billion. High volumes can indicate that a significant price movement has stronger support. 


The price volatility of Bitcoin over the last 30 days is 63.05%.

Fear and Greed Index

Market sentiment today is 61, in Greed.

Bitcoin’s market dominance

Bitcoin’s market dominance today is 47.32. Its lowest ever recorded dominance was 37.09 on January 1 2018.

Relative Strength Index (RSI)

The daily RSI is currently 65.46. 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 – an RSI reading of 30 or below indicates an oversold or undervalued condition. 

Soundbite of the day

Every guy with a node is CEO, every miner, every buyer, every hodler, every dev. And there is a huge line of “unrealized” CEOs with different due dates.

Valentin, anon Twitter user 

What they said yesterday




Would you like to help spread the adoption and education of Bitcoin in the UK and even stack some Sats while you’re doing it? Well, now you can!

The Bitcoin Pioneers community, backed by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members right across the UK.

We share tips, stories and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to support from Luno, each Pioneer gets £500 of Bitcoin a month to share with beginners, helping them get started.

So, if you’re passionate about Bitcoin, why not join today? Click here to find out more!

All feedback on Crypto AM Daily in association with Luno is welcome via email to 🙏🏻

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Crypto AM: Editor’s picks

ChatGPT urges crypto conference panel not to become over-reliant on AI

Mt. Gox customers will have to wait until November to recover lost Bitcoin funds

Sam Bankman-Fried: A tissue of lies soaked with fake tears?

Three-in-four wealth managers are gearing up for more cryptocurrency exposure

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Q&A with Duncan Coutts, Principal Technical Architect at IO Global

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Jamie Bartlett – on the trail of the missing ‘Cryptoqueen’

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MPs are falling silent over potential of cryptocurrency

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Erica’s ‘Crypto Wars’ handed honours in Business Book Awards

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‘Let people invest’: Matt Hancock makes case for liberal crypto rules

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Crypto AM: Features 

Crypto AM: Founders Series 

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Crypto AM: Industry Voices 

Changpeng 'CZ' Zhao, CEO of Binance

Crypto AM: Contributors 

Crypto AM: In Conversation with James Bowater

Charles Hoskinson and James Bowater landscape

Crypto AM: Tomorrow’s Money with Gavin S Brown

Tomorrow's Money with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher

Dr Chris Kacher Mixing in the Metaverse

Crypto AM: Visions of the Future, Past & Present with Alex Lightman 

Alex Lightman Visions of the future, past and present

Crypto AM: Tiptoe through the Crypto with Monty Munford 

Monty Munford robbed out header

Crypto AM: Taking a Byte out of Digital Assets with Jonny Fry

Jonny Fry Taking a Byte out of Digital Assets

Crypto on the catwalk

Stefania Barbaglio Crypto on the Catwalk

Crypto AM: Events

Cautionary Notes

It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. City AM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.

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