💹 Market overview April 15, 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. Bitcoin has set a new record value – $64,854 on the Binance exchange. The upward movement was stopped by the resistance level at $64,600, the asset went to the correction to the accumulation block in the area of the previously set price high of $61,816, the rebound occurred from the exponential moving average of 30 EMA 4H, which acted as a dynamic support level. The instrument is trading above the moving average of 20 MA 4H, while the asset managed to cross the middle of the ascending channel indicated on the chart, which together indicates the initiative on the side of the bulls at the moment. The most likely is the consolidation of bitcoin under the upper limit of the trading channel, followed by its assault and the establishment of new price highs.

ETH. The asset set a new value record at $ 2,481 on the Binance exchange. The instrument is trading above the support level - $2435, in a pair with BTC, ether has increased its value by 5.6% over the past day.

Shares of the largest US crypto exchange Coinbase COIN were placed on the Nasdaq by direct listing on April 14 . Nasdaq yesterday determined the reference price of Coinbase at $250, which assumed a capitalization of $66 billion. The opening price was $381, and within the first minutes, the COIN rate rose to $429.54. Trading closed at $328.28, which corresponds to a capitalization of around $87.4 billion and makes it the most capitalized exchange in the world. The company has immortalized its listing in the bitcoin blockchain. The F2Pool mining pool included in block # 679187 the headline of the article "House Gives Final Approval to Biden's $1.9 T Pandemic Relief Bill Mine" of The New York Times on March 10, 2021. This is a reference to the genesis block of the first cryptocurrency.

Coinbase became the first public cryptocurrency exchange, of course, this is a historic event that affects the development of the entire industry. On the opening day of trading, bitcoin set a new price high, and the total capitalization of cryptocurrencies exceeded $2.2 trillion. Some analysts draw parallels between Coinbase and Netscape Communications, whose IPO is considered the starting point of the"dot-com boom". The SEC's approval of the listing of the crypto exchange on the stock market is a confirmation that the Commission no longer perceives the business in this area as located in a gray area. The appearance of Coinbase shares on the public market will provide investors with another tool for indirect investment in digital assets, which may ultimately spur the growth of interest in cryptocurrencies themselves.

The listing of the Swarm Network project on the Bilaxy exchange led to an increase in the price of SWM by 102% (against the dollar).

The publication of an article about the achievements of WazirX (WRX) on the news portal Cointelegraph increased the value of WRX by 30% (against the dollar).

The US stock market did not show a single dynamics at the end of trading on Wednesday. Exchange transactions were positively affected by the strengthening of the oil and gas, raw materials and utilities sectors, while the downward trend in the technology, consumer goods and consumer services sectors was negatively affected. At the close on the New York Stock Exchange, the Dow Jones rose 0.16%, the S&P 500 index fell 0.41%, the NASDAQ Composite index fell 0.99%.

Over the past 24 hours, the total capitalization of cryptocurrencies has increased by 0.8%, the dominance of bitcoin has decreased by 1%, falling to 54.3%. The general trend of the digital asset market is bullish, a pleasant bonus on which is a decrease in the dominance of the main cryptocurrency with the overflow of capital into altcoins.

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