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. According to on-chain analysis, the number of bitcoin addresses with a balance from 100 # BTC to 10,000 BTC has been steadily growing over the past two and a half weeks, which may indirectly indicate the accumulation of the asset by large players. The consolidation of the asset over the $32,600 accumulation block ended with a sharp decline to the support level around $31,100, from which the asset made a brisk rebound with an increase in trading volumes indicating the appearance of a buyer. The upward momentum was stopped by the moving average MA 20 2H, which acts as a dynamic resistance level. To take the initiative into their own hands, the bulls need to consolidate bitcoin above the resistance level at $33,600, which will create a reserve in the future for an attack on the upper limit of the trading channel. In case of an unsuccessful assault on the named level, the instrument is waiting for a second test in the area of $31,600.
ETH. Over the past 24 hours, the price of ether has fallen by 2.5% against BTC. The asset bounced back from the support level of $2,350, and is currently gathering strength to storm the resistance of $2,500.
Warren Buffett's holding company Berkshire Hathaway invested $ 500 million in the Brazilian digital bank Nubank, which in turn in early June acquired the broker Easynvest and two other companies offering clients investments in digital assets and traded exchange-traded funds based on bitcoin .
Buffett himself was characterized by negative rhetoric towards the entire digital asset industry, he has repeatedly publicly criticized cryptocurrencies. It is rather doubtful that representatives of a financial holding company owned by a well-known investor could independently and without Buffett's knowledge make a decision on a fairly large investment of $0.5 billion in a digital bank. It is likely that the pace of development of the industry in late 2020 and early 2021 showed the potential that digital assets have, and changed the attitude of the entrepreneur to cryptocurrencies.
Tim Wu, the White House antitrust and technology policy adviser, filed a personal finance declaration stating that he holds between $ 1 million and $ 5 million in BTC.
The camp of supporters of digital gold is replenished with influential people who will somehow defend and promote their interests, expressed, in particular, in the bright future of cryptocurrencies. In this regard, we can expect a favorable legal environment for the development of the industry in countries that recognize BTC.
Аль Altos: The announced update date of the main Gifto network (#GIFTO) was the reason for the growth of GIFTO by 55% (against the dollar).
The news about the successful audit of the Veritaseum project code (#VERI) increased the cost of VERI by 35% (to the dollar).
The listing of the Nord Finance project (NORD) on the Kucoin exchange led to a 20% increase in the price of NORD at the peak (against the dollar).
The U.S. stock market was mixed after the close on Tuesday, as gains in the oil and gas, consumer services and industrial sectors and negative developments in the utilities, consumer goods and healthcare sectors led the way. At the close on the New York Stock Exchange, the Dow Jones was down 0.09%, the S&P 500 index was up 0.02%, and the NASDAQ Composite index was up 0.31%.
▫ ️The total capitalization of the cryptocurrency market increased by 0.5% over the past day, the dominance of bitcoin increased by 1%. The main cryptocurrency is consolidating under an important resistance level of $33,600, fixing above which will give the market a chance for a local rebound.