Overview of the cryptocurrency market. March 4
BTC. The asset came to the target set in yesterday's review – the correction level of 0.236 on the Fibo ($51,462), which could not be fixed above. The instrument headed for a correction to the accumulation block at $49,400. On the two-hour timeframe, bitcoin is testing the upper limit of the descending trading channel indicated on the chart, and the exponential moving averages of 50 EMA 2 H and 100 EMA 2 H are also the dynamic support levels in this area. The instrument is at the decision point, to continue the uptrend, you need to close above $ 49,000, leaving below which will mean a decline to the accumulation block at $47,815. When closing above $ 49,000, the instrument will go to storm the resistance block – $ 51,462.
ETH. Ether is consolidating under the resistance level – $ 1560, closing below which will send the asset to the accumulation block of $ 1490 - $ 1510. In the pair against BTC, the growth for the day was 0.75 %, which reflects the mood in the altcoin market – there is no outstripping decline in altos during the correction of the main cryptocurrency. To develop an upward movement, you need to close above $ 1560 on the daily timeframe.
The Amazon Web Services (AWS) cloud computing platform has added support for Ethereum to the Amazon Managed Blockchain service. "With this launch, AWS customers will be able to easily provide nodes in minutes and connect them to the public main Ethereum network, as well as to test networks such as Rinkeby and Ropsten," the company writes. "Amazon Managed Blockchain allows customers to securely organize networks, perform encryption at rest and during data transfer, gain secure access to the network through the standard open-source Ethereum API, synchronize quickly and securely with the Ethereum blockchain, and use long-lasting flexible memory for registry data."
The Ethereum network has over 8,350 nodes responsible for consensus and security. A large number of nodes in different geographical regions supports the security and stability of the network. It is expected that thanks to the Amazon Managed Blockchain, the number of Ethereum nodes will increase. However, nodes that are installed centrally in the cloud of a third-party service provider tend to fail at the same time when there are interruptions on the company's side, so they can not completely replace the users ' own nodes.
The announcement of plans to turn into a multi-blockchain ecosystem for NFT by the Enjin platform led to an increase in the ENJ asset at the peak by 65 % (against the dollar).
The announcement by Brave of the purchase of the Tailcat search engine and the creation of Brave Search on its basis, which preserves the privacy of users, caused the BAT token to grow by 35 % (to the dollar).
The U.S. stock market ended lower on Wednesday, as the technology, healthcare and consumer services sectors led the market lower. At the close on the New York Stock Exchange, the Dow Jones was down 0.39 %, the S&P 500 was down 1.31 %, and the NASDAQ Composite was down 2.70 %.
The total capitalization of cryptocurrencies decreased by 1.5% during the day, while bitcoin's dominance decreased by 0.5 %, which has a positive effect on altos. A prolonged flat on the part of the main cryptocurrency would strengthen the current conditions of the digital asset market, allowing altcoins to turn around in full force.
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