At the time of writing, Bitcoin is trading at $16,847, adding 2.31% to its price since yesterday. Ethereum is also bullish out of the gates this morning, trading up 4.40% to $1,265. This means that Ethereum is trading 8.4% higher than this time last week.
Trading speed in third-generation crypto markets appears to have slowed slightly, with Cardano flat at $0.3141 and Solana down 0.21%, at $13.67.
As for the broader market, all eyes today are on Fed Chairman Jerome Powell. Investors will be listening closely for any indication of future rate hikes in Powell's address on the outlook for the US economy.
Crypto Market Cap Total
The total market cap of the entire cryptocurrency market at the time of writing is currently $853.169 billion
Volume of Bitcoin
The total spot trading volume reported by all exchanges in the last 24 hours was $25.050 billion. High levels may indicate that a significant price move has strong support and is likely to last
Volatility
Bitcoin's price volatility over the past 30 days is 52.51%
Relative Strength Index
The daily RSI is currently at 41.67. Values of 70 or higher indicate an asset is overbought and may be primed for a trend reversal or experiencing a correction in price – an RSI reading of 30 or lower indicates an oversold or undervalued position.
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