Have a nice and productive day for everyone, and for some of them, more recently, fruitful work on the "farm"! As always, I offer you a daily review of the market news:
BTC. After a small pullback to the 0.786 Fibo correction level ($36,212), the bulls tried to take the resistance level at $37,800, but the attempt was not successful, bitcoin fell to the area of the dynamic support level-50 EMA 2 H, from which it bounced. On the two-hour timeframe, there was a bullish intersection of the fast moving average 20 MA 2 H from the bottom up, and the slower 50 EMA 2 H, which indicates a local uptrend. The price movement is consolidating in the range of $36,200 – $37,800, and there is a decrease in trading volumes, which is typical for a sideways movement. The most likely correction is bitcoin in the area of $35,900, if the price reaction to this support is weak, the asset is waiting for a decline in the area of $34,900.
ETH. In a pair with BTC, the cost of ether has decreased by 3.5% over the past 24 hours. The asset is consolidating under the resistance level of $2500, the nearest support level is $2350.
Black Digital asset financial services provider Black Fi launches a comprehensive finance and trading platform for institutional investors.
Major investors have shown more interest in the cryptocurrency industry than ever before, and many of them entered the market amid the growth of the industry in late 2020 and early 2021. Nevertheless, as the news shows, despite the expanding range of tools available to institutional and other professional investors, the demand is still significant and continues to grow.
State Street, an American bank that controls assets totaling $40 trillion in custody and investment management services, is creating its own cryptocurrency division.
Prior to the creation of the new division, State Street collaborated with academic institutions and negotiated with legal regulators, noting the 4-fold increase in demand for digital assets over the past 2-3 months.
Cryptocurrencies are becoming a significant force that directly affects the structure of the entire financial sector of countries that adopt digital assets at the legislative level. The integration of a new asset class into the existing economy of these countries is a matter of time, which forces large financial institutions to work ahead of the curve in providing access services to cryptocurrencies.
Altos: An increase in a number of Hard Protocol (HARD) farming rewards has resulted in a 90% increase in the price of HARD (to the dollar).
The launch of the Sentinel stacking program (DVPN) on the Unagi platform increased the cost of DVPN by 50% (to the dollar).
The announced launch date of the Historia Public Launch platform based on the Neblio project (NEBL) was the reason for the growth of NEBL by 25% at the peak (against the dollar).
▫ ️The U.S. stock market ended higher on Thursday, as gains in the healthcare, technology and consumer services sectors led shares higher. At the close on the New York Stock Exchange, the Dow Jones rose 0.06%, the S&P 500 index increased 0.47%, the NASDAQ Composite index added 0.78%.
The total capitalization of the cryptocurrency market over the past day decreased by 1.2%, the dominance of bitcoin increased by 1.8%. The share of digital gold capitalization from the total is growing for 5 days, which does not allow altcoins to express themselves yet. You should carefully approach alt trading in the current conditions.