  Everything you need to make sense of the crypto markets and beyond By the CoinDesk Markets Team Edited by Lawrence Lewitinn, Managing Editor, Global Capital Markets April 13, 2021 Sponsored by  (Price data as of April 13 @11:00 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
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:
Biggest Movers These are the biggest movers in the CoinDesk 20 over the past 24 hours:
Gainers: 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.
Market Moves by Omkar Godbole  Bitcoin Hits New All-Time High Above $63.1K The price of bitcoin set a new all-time high Tuesday morning, the day before U.S.-based cryptocurrency exchange Coinbase's highly anticipated listing on Nasdaq.
 Bitcoin prices on April 12-13, 2021 (Source: CoinDesk)
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Technician's Take
by Damanick Dantes
Bitcoin Breaks to All-Time High, Ending Three Months of Consolidation
Bitcoin (BTC) is currently trading around $62,600, after pushing early Tuesday to a new all-time high above $63,000. After three months of consolidation, buyers have finally regained strength. Support is seen around the breakout zone of $60,000, which should be monitored for confirmation.
Four-hour chart shows BTC breakout to all-time high with rising support (Source: TradingView)
- The broader uptrend in BTC remains intact despite slowing momentum on the daily price chart. Buyers have remained active at higher support levels since March, although profit taking at intraday overbought zones signaled a period of indecision.
- BTC has maintained trend support on both the four-hour and daily chart, which should trigger upside volatility.
- BTC is now overbought on intraday charts and could remain in that phase during strong breakouts.
- BTC still faces less upside momentum on the weekly chart, which continues to diverge from the near two-fold price increase since January. However, given the breakout, resistance is now seen around $68,000-$70,000.
Original story found here:
Bitcoin Breaks to All-Time High, Ending Three Months of Consolidation
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BOLO
Be on the look out for these upcoming events:
- 12:30 UTC (8:30 p.m. ET):
- U.S. Consumer Price Index (CPI) for March. Forecast: +0.5% (Year-over-year: 2.5%)
- U.S. Core CPI for March. Forecast: +0.2% (y-o-y: 1.5%)
- U.S. Consumer Price Index (CPI) for March. Forecast: +0.5% (Year-over-year: 2.5%)
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A message from CoinDesk
CoinDesk's Quarterly Review Webinar Series
The suits are here to stay, but retail isn't going away. While Q1 saw the emergence of retail investors as a market driver, crypto caught explosive interest through non-fungible tokens from investors, celebrities and the general public.
Every Monday at 11:30 a.m. ET, crypto analysts Noelle Acheson and Christine Kim will discuss the performance and milestones of bitcoin and ether compared to macro and other crypto assets, along with important developments in the emerging DeFi and NFT sectors.
Each episode in this four-part series will reference key findings from the latest CoinDesk Quarterly Review report and a live Q&A.
Sign up for CoinDesk's Quarterly Review Webinar Series, every Monday from April 12.
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ICYMI
In case you missed it, here's the most recent episode of "First Mover" on CoinDesk TV:
Coinbase Nasdaq Listing This Week: Is it a Catalyst for Crypto? Pak NFTs on the Auction Block at Sotheby's
Coinbase is in sharp focus ahead of Wednesday's public listing with valuations in a wide range, from $19B to $230B. Is it a catalyst for crypto adoption? Michele Schneider of MarketGauge Group with markets analysis. Celsius Network CEO Alex Mashinsky on his lending platform's outlook and whether decentralized finance (DeFi) poses a long-term risk. Plus, Sotheby's unveils a series of NFTs on the auction block in collaboration with digital artist Pak and NFT platform Nifty Gateway. Max Moore of Sotheby's shares the auction details and explains the role of auction houses in the NFT boom.
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A message from CoinDesk
Investor Momentum to NFT Boom: CoinDesk Research's Quarterly Review
Introducing CoinDesk Research's quarterly review, covering the main developments over the first three months of 2021 in Bitcoin, Ethereum, DeFi, stablecoins and – of course – NFTs.
The report presents over 100 insights on how retail investors are picking up market momentum, how Ethereum activity is not being driven by NFTs as much as one might think, how stablecoins have responded to increased activity, how DeFi is for now the realm of decentralized exchanges and more.
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Latest Headlines
- Europe's Investment Bank Plans to Settle Bonds in Euros Using Blockchain: Report
The EU union's lending arm is reportedly readying a digital bond sale using blockchain technology. -
Linux Foundation, Insurance Group Roll Out Platform to Cut Costs Using DLT
Besides cutting costs, the project aims to provide a standardized data repository for insurance analytics. -
Court Denies SEC's Request Seeking Years of Financial Records From Ripple Execs
The judge said the request was irrelevant and disproportional.
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Ex-CIA Director Says Criminals Will Move Away From Bitcoin in New Lobbying Group's First Report
The new Crypto Council for Innovation hopes to inform and influence regulatory efforts worldwide.
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What Would Biden's Tax Hikes Mean for Bitcoin?
Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.
Introducing Unlocked 101 at Consensus by CoinDesk 2021
New to crypto? Here's a crash course. Unlocked 101 is a free educational series of sessions designed to give you the tools to navigate crypto. Sessions will be hosted May 4–20 to prepare you for Consensus by CoinDesk 2021, our virtual big-tent event.
Register for Unlocked 101 this May.
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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.
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