  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 August 18, 2021 Sponsored by  (Price data as of August 18 @ 11:00 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
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– Lawrence Lewitinn
Biggest Movers These are the biggest movers in the CoinDesk 20 over the past 24 hours:
Gainers: Losers:
The CoinDesk 20 are 20 digital assets filtered from the larger universe of thousands of cryptocurrencies and constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
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Market Moves by Sebastian Sinclair Bitcoin Price Rebounds After Testing Lower Supports Near $44K As Ether Booms Bitcoin is up over $500 on a 4-hour basis after testing lower supports near $44,000 during Asia's late morning trading hours.
The rebound from 24-hour lows of $44,248 follows a period of profit-taking, seen Tuesday, on the back of short-term fatigue. Bitcoin is currently changing hands for around $45,000 and is down 2.9% from a 24-hour high of $47,157, CoinDesk data shows.
Bitcoin continues to cool upon multiple attempts at the $50,000 price tag, evoking moments of price action gone by, though that may be less of a concern now given demand from bigger players, according to some.
"In comparison to the bull runs in 2017 and 2018, the current movement takes a more mature trend," said Cynthia Wu, head of sales at Singapore-based digital asset services firm Matrixport. "The market landscape has become much more institutionalized – where now you have proprietary traders in crypto hedge funds, crypto-offerings from foreign exchange brokers and institutions … that are transacting on an institutional scale."
The ongoing price trend for bitcoin (BTC) and the fusion of retail and institutional interest are a sign that the search for yield by investors, big or small, has extended into crypto and "will be around for good," Wu added.  BTC/USD Daily Chart (Source: TradingView) Bitcoin's daily price action remains relatively flat with the weight of the previously discussed 200-day moving average bearing down on prices near $45,500, a sign a further sell pressure could be lurking around the corner.
Though the altcoin market continues to hold firm with most in the top 20 by market cap remaining in the green when viewing over a 7-day period.
"Overall, the markets have seen a positive trend continue this week; altcoins are up while bitcoin has coasted flat, said Byron Goldberg, Australian country manager at crypto exchange Luno." "Interestingly, we are seeing ether (ETH) slightly outperform bitcoin week-on-week."
Over a 30-day period, ether is up 67.6% compared to bitcoin's 46.3% over the same period, Messari data shows.
Goldberg points to Ethereum's London hard fork as the likely catalyst for driving prices higher on the world's second-largest crypto by market capitalization.
Indeed, futures premium on ether stands at 7.36% to bitcoin's meagre 2.8%, meaning the crypto markets are likely anticipating ether to rise further than bitcoin over the next three months with a shift in institutional interest, Goldberg added.
All major cryptos in the top 20 posted results in the red over a 24-hour period by press time, with dogecoin (DOGE) having shed the most while uniswap (UNI), and chainlink (LINK) followed close behind. Read the original story here: Bitcoin Price Rebounds After Testing Lower Supports Near $44K As Ether Booms
Technician's Take by Damanick Dantes, CMT  Bitcoin Holds Support Near $43K as Rally Pauses Bitcoin (BTC) held initial support above $43,000 during Asia hours as intraday charts appear to be oversold. The cryptocurrency was trading around $45,300 at press time and is down 3% over the past 24 hours. Buyers are taking a breather after a near 13% rally month to date and will likely defend breakout support near $42,000.  Bitcoin four-hour price chart shows short-term support and resistance levels with RSI. (Source: TradingView)
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ICYMI In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:
"First Mover" digs into Austrian crypto unicorn Bitpanda's latest funding round as the company has now tripled its valuation in five months to $4.1 billion. Bitpanda CEO and co-founder Eric Demuth shares the company's growth plan and the state of crypto in Europe. Plus, crypto markets analysis by Martin Gaspar from CrossTower as Solana leading the charge in altcoin price surge.
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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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