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 negative statement of former US President Donald Trump about the dubiousness of the main cryptocurrency, expressed by him to the news portal Fox Business, helped the entire market to go to correction. The upward movement was stopped by the resistance level at $36,700. The asset failed to close above the dynamic resistance level-the exponential moving average of 21 EMA 4H, which led to a decline to the support level of $35,500, followed by its breakdown. The fall of bitcoin was stopped at the lower limit of the trading channel indicated on the chart. There are 2 possible scenarios, the first is the consolidation of the asset above the level of $33,000 with subsequent consolidation above it, the second is the repeated retest of the lower edge of the descending channel with the continuation of the decline to the area of $31,500.
ETH. The asset is consolidating under the resistance level at $2500, the nearest support level is around $2350. In a pair to BTC, the cost of ether decreased by 1% over the past day.
MicroStrategy Inc, a provider of analytical software, announced that it plans to raise $400 million for the subsequent purchase of digital gold (. The company will place a bond loan maturing in 2028.
MicroStrategy owns 92,079 BTC worth more than $ 3.37 billion according to Bitcoin Treasuries, being the largest public holder of bitcoin.
The company spent a total of $2.2 billion on the purchase of the main cryptocurrency. Based on this, its paper profit from investing in bitcoin currently amounts to $1.1 billion. With a high degree of probability, the company will continue to defend its position, periodically making public statements about its intention to increase the total amount of investment, including counting on the opportunity to influence the price of bitcoin with such news. Fundamentally, this is good news, however, in the current market conditions-the reaction to positive information is rather sluggish.
Major indexes on Wall Street opened little changed on Monday as investors waited in some suspense for key inflation data to be released later this week, while stocks of major technology companies fell slightly after the deal of the world's richest countries on the global minimum corporate tax.
As a result, the US stock market ended mixed on Monday, due to the strengthening of the health, technology and utilities sectors. The transactions were also affected by the negative dynamics in the raw materials, industry and telecommunications sectors. At the close on the New York Stock Exchange, the Dow Jones was down 0.36%, the S&P 500 was down 0.08%, and the NASDAQ Composite was up 0.49%.
Altos: The listing of IDO TrustFi (TFI) on the Pancakeswap exchange ended with the growth of the TFI asset by 300% against the IDO price (against the dollar).
The news about the imminent launch of its own decentralized exchange HydroSwap by the Hydro project (HYDRO) caused the growth of # HYDRO by 40% at the peak (against the dollar).
The announcement of the placement of the Unizen project (ZCX) on the Kucoin exchange led to a 30% increase in the price of ZCX at the peak (against the dollar).
▫ ️The total value of digital assets over the past 24 hours has decreased by 9.85%, the dominance of the main cryptocurrency has increased by 1%. The market looks weak, despite the almost ten percent decline, the buyer has not appeared. Before opening trading positions, you should wait for signs of the end of the correction for BTC.