💹 Market overview April 17, 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 found support on the diagonal uptrend line, from which bitcoin bounced to the level of $61,825. A small consolidation under the named level above the exponential moving average of 50 EMA 4H, ended with its assault. The upward movement rested on the resistance level at $62,600, there is also a moving average of 20 MA 4H, closing above which will signal the resumption of the local uptrend. A retest of the accumulation level around $61,825 is likely, followed by a second attempt to take the resistance at $62,600. If the retest level is unsuccessful for the bulls – $61,825, a scenario with a repeated decline of the asset to the diagonal support line is possible.

ETH. Ether is trading above the support level of $2455, the nearest resistance level is $2535, in a pair with BTC over the past 24 hours, the growth of the asset was 1.4%.

The Swiss division of the French insurance giant AXA — AXA Switzerland-allowed its customers to pay their premiums with bitcoin . The offer applies to all insurance products, except those related to life insurance. For the latter, payment in cryptocurrency is not available for "regulatory reasons". To process digital gold payments, AXA has entered into an agreement with Swiss cryptocurrency broker Bitcoin Suisse. It will accept BTC and convert it to Swiss francs. According to Claudia Bienentreu, Head of Innovation at AXA Switzerland, the move is a response to the growing demand from the company's customers for alternative payment solutions.

The company conducted a market research at the end of 2019, interviewing the opinion of people aged 18 to 55 years about the cryptocurrency. Even then, about a third of respondents said they own digital assets or are interested in buying them. Interestingly, this is not the first AXA initiative related to blockchain and cryptocurrencies. The company uses the public Ethereum blockchain to automatically compensate passengers for damage in the event of flight delays or cancellations. The trend towards the use of distributed ledger technology for solving applied problems will only increase, which will have a positive impact on accelerating the process of introducing cryptocurrencies into everyday life.

US stocks were higher after the close on Friday, as gains in the commodities, telecommunications and healthcare sectors led shares higher. At the close on the New York Stock Exchange, the Dow Jones rose 0.48%, reaching a historic high, the S&P 500 index rose 0.36%, the NASDAQ Composite index rose 0.10%.

The listing of Shiba Inu (SHIB) on the Bkex exchange was the reason for the growth of SHIB by 350% (against the dollar).

The announcement of the launch of its NFT collection by the Blowfish Token project (BLOWF) led to a 70% increase in the price of BLOWF (to the dollar).

The total capitalization of digital assets over the past day increased by 2.8%, the dominance of the main cryptocurrency fell by another 1.6%, which has a favorable impact on the capitalization of altcoins. In the current market conditions, the tactics remain the same – trading alternative cryptocurrencies.

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