|Day's range||7,721.89 - 7,845.48|
|52-week range||4,230.79 - 13,448.91|
|Volume (24 hrs)||3.57M|
|Volume (24 hrs) all currencies||3.05B|
Monera’s XRM looks to buck the bearish trend for a 2nd consecutive day. Some support is going to be needed for a breakout, however…
Altcoins, as always, demonstrate the complete absence of their own path, duplicating the waves of negative or positive of the first cryptocurrency. Top 10 altcoins in the moment lose 4% -7%.
The weekend did not help Bitcoin to break above $5,300: a level that, according to technical analysis, became the threshold for further growth towards $6,000.
It’s a bullish start to the day, with the major resistance levels very much in play. A major crypto rally could bring $73 levels into play.
Tagomi Trading, LLC, a New Jersey based cryptocurrency brokerage firm has received the sought after New York BitLicense. They are backed by Peter Thiel, a pro-Bitcoin billionaire and co-founder of PayPal, amongst others, raising a total of $27.5 million.
After calling bitcoin's decline in 2018, technical trader Peter Brandt is forecasting new highs for bitcoin over the next two years.
This week will be remembered by the crypto market participants with the revival of increased dynamics. The total capitalization of all cryptocurrencies increased from April 2 by 18%, reaching $174 billion.
Major cryptocurrencies under consolidative price action as bulls fail to hold fort at 2019 highs.
The S&P 500 gained 0.2% at the close of trading session on Wednesday, but index futures are losing ground at the beginning of trading in Europe, reflecting the wary mood of market participants before important Friday data. In turn, data from the United States caused disappointment, showing a decline in the growth impulse of the largest global economy: ADP showed private sector growth by 129K, worse than the expected level at 184K, and Non-Manufacturing ISM instead of growth from 59.7 to 58.1 declined to 8-month low at 56.1. At the moment, EURUSD trades at 1.1240 with the nearest important resistance level at 1.13, and local support levels are located far below, in the area of 1.07.
Chinese and US stock indices maintain growth impulse. Normalisation of 3mo-10y yield curve helps the market’s optimism. EURUSD and GBPUSD finds support at major levels 1.12 and 1.30, respectively. Brent nears $70 on worries about supply.
EURUSD touched significant support at 1.12000. GBPUSD fell after UK Parliament rejected Brexit alternatives. Bitcoin in the moment jumped by 20%. Brent Crude is one step from key technical levels.
While sudden and explosive swings are nothing new in the world of cryptocurrency, Bitcoin has certainly struggled for direction in recent months as investors evaluated the possibility of its adoption by the mainstream.
Bitcoin tests critical price levels but yet to confirm a bullish breakout owing to lack of bulls building a steady rally above critical resistance levels.
Bitcoin and Ethereum cracked a key resistance but it remains to be seen if its a dead cat bounce or not.