March 1 - overview of the cryptocurrency market

in LeoFinancelast month


BTC. Bitcoin was able to hold an important zone for buyers of $ 42,500 – $ 44,000. After the correction, the asset price rebounded from the exponential moving average of 250 EMA 4 H, the decline to which was last observed on January 21, where the asset at that time found a "local bottom" and after a week of consolidation continued the uptrend. At the moment, bitcoin breaks through the diagonal downtrend line, which previously stopped the price movement several times. The instrument hit the resistance block below the correction level of 0.382 on the Fibo ($47,413). If the price closes above the mentioned block, the road opens to the area of $ 48,600, if the attempt fails – it will roll back to the level of $ 45,200, followed by consolidation before a second assault.

ETH. The ether is consolidating under the level that has become resistance at $ 1,450, the capture of which will allow an upward movement to the next block of resistance at $1,530. In a pair to BTC, the value of the asset over the past day decreased by 1.5 %. The nearest support level is $ 1,320.

Grayscale Investments has announced that it is considering adding new products for investing in cryptocurrency. Currently, the digital assets under consideration include AAVE, BAT, ADA, LINK and about 15 more altos.

The firm, which currently offers eight single-asset investment funds and one diversified fund to accredited investors, continues to look for ways to better meet the growing investor demand for access to digital assets through familiar, secure, and regulated investment products. In the current reality, the new industry is at the initial stage of formation and the participants of the young digital asset market cannot solve infrastructure problems without intermediaries. Of course, first of all, representatives of Wall Street are concerned about their own enrichment, simultaneously drawing attention to alternative cryptocurrencies, which is important.

The market of the altcoins themselves stopped the fall, taking a course for a local recovery.

Vortex DeFi was listed on the Uniswap exchange with a result of x 5.5 of the IDO price.

The total capitalization of the cryptocurrency market has increased by 2.5 % in the last 24 hours, while the dominance of bitcoin has increased by 0.5 %. Of the top 100 by capitalization of digital assets, 64% demonstrate positive dynamics during the day, the time of rebound and recovery in the altcoin market.


Posted Using LeoFinance Beta


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