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 upward movement of bitcoin was stopped by the moving average of 20 MA 4 H, which acted as a dynamic resistance level. The asset rolled back to the lower border of the trading channel, eventually making a downward exit from it. The breakdown was accompanied by an increase in trading volumes, which indicated the strength of sellers. To date, the instrument is consolidating above the support level at $37,500. To develop an upward movement, bitcoin needs to gain a foothold above the exponential moving average of 50 EMA 4 H, which will create conditions for forcing the diagonal trend line around $38,500. In case of an unsuccessful attempt to consolidate the asset, it will decline to the support level of $36,900.
ETH. The asset is trading above the support level around $2350, the nearest resistance is $2500. In the pair against BTC, the decline was 0.5% over the past day.
UK-based crypto analytics startup CryptoCompare has received a strategic investment from MV Index Solutions( MVIS), a subsidiary of New York-based asset manager VanEck/
MVIS offers a number of indices covering several asset classes, including cryptocurrencies. As of the end of April 2021, about $28.76 billion was invested in financial products according to the firm's indicators. Parent company MVIS Vanek, founded in 1955, manages assets totaling $71.2 billion as of early April 2021.
Along with the development of the industry, Crypto Compare is experiencing a period of rapid growth. The company now has 430 customers who pay for data, including regulators, financial institutions, and fintech and cryptocurrency startups. It helps manage 40 indices for companies with assets totaling more than 4 billion pounds. Services that provide up-to-date information from the world of digital assets are becoming more and more popular and are increasing in price. This area, due to the growing interest in it, will continue to develop in the coming years.
Major Wall Street indexes ended mixed on Thursday, driven by gains in the technology, healthcare and consumer services sectors and negative trends in the oil and gas, raw materials and finance sectors. At the close on the New York Stock Exchange, the Dow Jones fell by 0.62%, reaching a one-month low, the S&P 500 index declined by 0.04%, the NASDAQ Composite index rose by 0.87%.
▫ ️The total value of digital assets decreased by 2.6% over the past 24 hours, the dominance of the main cryptocurrency, despite the local growth to the level of 45.95%, subsequently decreased slightly - by 0.3%. It is worth waiting for bitcoin to determine the direction of local movement before opening trading positions.