💹 Market overview April 14, 2021

Have a nice and productive day for everyone, and for some of them, more recently, fruitful work on the "farm"! As always, I offer you a daily review of the market news:

BTC. The asset has set a new price high – $64,850 on the Binance exchange. After fixing bitcoin above the resistance level at $ 60,400, an upward impulse followed with a break through the upper border of the trading channel, within which the instrument was moving. The price growth at the moment was 7.3% from the level of $60,400, which became a support zone, the upward movement was completely on significant trading volumes and was stopped by the diagonal resistance line. The asset is likely to enter the correction stage with a retest of the upper border of the trading channel, in the same zone, the exponential moving average of 21 EMA 2H will act as the level of dynamic support, and the option with a decline to the level of the previously set record value at $61,816 is possible. If the asset manages to gain a foothold above the horizontal level of $64,000, it is possible to continue the upward movement with the update of new ATH at $65,000-$66,000.

ETH. The instrument has set a new price high - $ 2400 on the Binance exchange, the nearest support level at $2300, the nearest resistance at the Fibonacci levels around $2450.

The European Investment Bank plans to use the blockchain to sell bonds, potentially contributing to the expansion of the use of the technology in the EU debt market. The state financial and credit institution of the European Union has hired Goldman Sachs Group Inc., Banco Santander SA and Societe Generale AG to explore the possibility of issuing a digital bond in euros, which will be registered and settled using the blockchain. The new initiative follows a statement by European Central Bank President Christine Lagarde that the institution she leads could issue a digital currency around the middle of this decade.

The use of the blockchain for solving specific tasks, on the basis of which cryptocurrencies are created, once again serves as a reminder of the different areas of application of distributed ledger technology. In addition, nothing prevents the peaceful existence of cryptocurrencies and digital currencies of central banks (CBDC), even if regulators start issuing them, because they serve different purposes and are attractive to consumers for different reasons. Ultimately, CBDC can only threaten "private" stablecoins, while digital assets can act as a new class of investment instruments.

The listing of Bifrost (BFC) on the Liquid Global exchange was the reason for the growth of BFC by 35% (against the dollar).

The news about the attraction of AntiMatter (MATTER) investments by HuobiDeFiLabs increased the value of MATTER by 25% (against the dollar).

The strategic partnership of the Wrapped CrescoFin (WCRES) project with Currencycloud in order to reduce network fees has led to a 20% increase in the cost of WCRES.

The U.S. stock market was mixed after the close on Tuesday, as gains in the utilities, technology and consumer goods sectors and negative developments in the finance, telecommunications and industrial sectors led the way. At the close on the New York Stock Exchange, the Dow Jones fell 0.20%, the S&P 500 index rose 0.29%, the NASDAQ Composite index rose 1.05%.

The total capitalization of cryptocurrencies increased by 6.8% over the past day, reaching a record value of $2.257 trillion according to Tradingview, the dominance of bitcoin decreased by 0.6%, despite the growth at the moment to 56.35%. During the consolidation of digital gold, the initiative to set new price highs will go to altcoins.

Posted Using LeoFinance ^Beta