 March 19, 2021  Everything you need to make sense of the crypto markets and beyond Sponsored By:  By the CoinDesk Markets Team Edited by Lawrence Lewitinn If you were forwarded this newsletter and would like to receive it, sign up here. Bitcoin (BTC) +0.2% $58,711 Ether (ETH) -0.3% $1,814 (Price data as of Mar. 19 @11:00 UTC) Good morning. Here's what we're writing about:
Check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Lawrence Lewitinn and Emily Parker, at 9 a.m. U.S. Eastern time. Today the show will feature guests:
TECHNICIAN'S TAKE by DAMANICK DANTES Bitcoin Maintains Trend Support at $56K, All-Time-High Within Reach Around $61K The short-term uptrend for bitcoin (BTC) is improving, with next resistance at the March all-time-high around $61,000. Traders continue to experience choppy price action on intraday charts, but buyers remained active at trend support around $56,000.  Four-hour BTC price chart shows an uptrend with resistance at all-time-high (Source: TradingView)
SPONSORED BY NEXO  Your digital assets deserve a savings account in their BEST INTEREST. Leading crypto lender Nexo treats you, your crypto and your fiat to industry-best Crypto & Fiat services, featuring:
* Up to 12% interest on digital assets, paid out daily! * Yields available on BTC, ETH, LTC, BCH, XRP, XLM, EOS, TRX, LINK, BNB, PAXG, USDT, USDC, TUSD, PAX, DAI, HUSD, GBP and EUR. * No minimum or maximum limits on funds deposited, offering infinite opportunities to earn. * #ZeroFees on all transactions. * Military-grade wallet security and top-tier insurance on all custodial assets with SOC 2 Type 2 certified crypto custodian BitGo.
OTHER MARKETS NEWS Bitcoin Tends to Weaken During Asian Trading, Especially After Bank of Japan Policy Shift Traders are getting used to bitcoin (BTC) buying that is concentrated during European hours, with North America lagging behind, and Asia inviting more sellers. And yesterday's Asia trading session was no exception.
"Overnight, the Bank of Japan announced that they would reduce asset purchases in a move that signaled marginal tightening of policy. By the time European markets opened, they digested this news and immediately went into defensive move…[which also] put a damper on the strong price action in BTC," wrote Chad Steinglass, head of trading at CrossTower, a digital asset trading firm.  Chart shows BTC performance by Asian, European and North American sessions (Source: Enigma Securities)
The recent bounce above $58K is consistent with rising price floors in BTC as the long-term trend remains intact. "Every time we break into a new range, old resistance becomes support – consistently over the last several months," said Steinglass. --Damanick Dantes
BIGGEST MOVERS These are the biggest movers in the CoinDesk 20 over the past 24 hours:
Notable Gainers:
Notable Losers:
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20. These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
ICYMI The Countdown to a US Bitcoin ETF Decision Begins; SEC's Hester Peirce Joins 'First Mover' SEC Commissioner Hester Peirce reacts to the latest crypto headlines involving bitcoin exchange-traded fund applications, institutional investments and NFTs. Nexo's Antoni Trenchev explains the case for a $100K bitcoin price, and can bitcoin mining reduce your taxes? We hear from vBit's CEO Don Vo.
SPONSORED BY NEM GROUP  Symbol from NEM, the next-generation public blockchain, launched March 15th, marking a milestone in NEM's vision for a new economic and digital system. Boasting enterprise-grade security and programmability, Symbol smooths business friction and increases the flow of data to supercharge the creation, exchange and protection of assets. NEM Group - comprising NEM Software, NEM Trading, and NEM Ventures - nurtures a strong and healthy ecosystem to shape the development and future of blockchain technology for generations to come.
LATEST HEADLINES
 Introducing Community Crypto, an intimate look at digital transformation
From the world leader in crypto news and events, the all-new CoinDesk TV covers the rapidly evolving world of digital finance and its role in the global economy. On Community Crypto, "Bitcoin and Black America" author Isaiah Jackson explores how crypto is creating and impacting communities. Jackson will organize virtual meetups in the U.S. and around the world, then dive deeper into key themes, issues or questions that arise.
Watch Community Crypto Thursdays at 5 p.m. ET on YouTube or CoinDesk.com.
Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments. ATTENTION: Scammers have been sending fraudulent emails with links to sites disguised to look like coindesk.com. If you are in doubt about a link, type https://www.coindesk.com directly into your browser; do not copy and paste. Remember, if something seems too good to be true, it probably is.
Copyright © 2021 CoinDesk, All rights reserved.
250 Park Avenue South New York, NY 10003, USA You can manage your preferences here or unsubscribe from all CoinDesk email. |
Uncategories
First Mover: Bitcoin Maintains Trend Support at $56K, All-Time-High Within Reach Around $61K
Langganan:
Posting Komentar (Atom)
EmoticonEmoticon