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. The decline of bitcoin to the diagonal support line provoked a rebound of the instrument from this zone, the upward movement was once again stopped by the upper limit of the trading channel indicated on the chart. By the time of writing the review, the asset is consolidating under the resistance level of $40,500, when exiting beyond which there is significant selling pressure. The idea of a local correction of bitcoin from the previous review is still valid, fixing the asset behind the resistance level at $40,800 will cancel it, because this will signal a shift in the balance of power towards buyers, and a $42,000 road will open from this level. In the opposite case, the asset is likely to retest the support level around $37,800.
ETH. Ether is trading above the support level at $2500, the nearest resistance is around $2620. In the pair to BTC over the past day, the decline was 3.4%
Sygnum is actively applying new technologies in its activities. The bank previously tokenized its shares in December 2020 and planned to be the first among financial institutions to conduct an IPO based on DLT technology. The digital bank's actions may be a welcome boost for the decentralized finance sector, as activity in ETH based DeFi projects has fallen significantly following the market correction.
Major investment bank Goldman Sachs has announced plans to launch trading in futures and options on ETH. The products are expected to appear on the bank's platform in the coming months.
Soon, hedge funds and investment companies will be able to access a full set of derivatives based on the ether network. Goldman Sachs plans to expand its cryptocurrency reach to retail customers, offering them shares of ETN notes backed by BTC. The bank has $1 trillion in assets under management. If the new service is in demand, other major banks will follow Goldman Sachs to the cryptocurrency market. Eventually, the availability of derivative financial instruments based on cryptocurrencies will become the standard for the banking sector.
The main Wall Street indexes ended Tuesday's trading lower on the back of negative dynamics in the consumer goods, technology and consumer services sectors. At the close on the New York Stock Exchange, the Dow Jones was down 0.27%, the S&P 500 was down 0.20%, and the NASDAQ Composite was down 0.71%.
Altos: The announcement of an audit of the Eleven Finance (ELE) platform code by Certic and QuilAudits increased the cost of ELE by 40% (to the dollar).
The addition of Hacken Token (HAI) to PancakeSwap's Syrup Pool caused HAI to grow by 30% (against the dollar).
The listing of the AION Network (AION) project on the Ku coin exchange led to an increase in the price of AAIOS by 25% at the peak (against the dollar).
The total value of digital assets over the past 24 hours decreased by 1.5%, the dominance of the main cryptocurrency, despite a local decline to the level of 45.3%, subsequently increased by 1.4%. Bitcoin is not going to give up its positions yet, so you should approach alt trading very selectively.