BTC. After reaching the correction level of 0.236 on the Fibo ($51,437), indicated in yesterday's review as the local target of the upward movement, the asset rolled back to the middle of the trading channel. On the two-hour timeframe, bitcoin broke through the "downtrend line" indicated on the chart, the price growth began with the accumulation level at $ 49,300, a retest of diagonal resistance is not excluded. The level of dynamic support will be the moving average of 20 MA 2 H, closing above which on March 6 allowed the instrument to increase its value by 7.5 %. Based on the reaction of the price in contact with the moving average of 20 MA 2 H, it will be possible to draw conclusions about further scenarios of the situation. Fixing the asset above the 0.236 Fibo correction level ($51,437) will be the first step in continuing the uptrend to the resistance at $54,600.
ETH. The instrument is trading above the support level of $ 1,710, the nearest significant resistance level is $1,800. In a pair to ETH, the cost of ether per day increased by 2 %, the growth potential for bitcoin to the nearest resistance of 7-10 %.
The parallels that the company's representatives draw between blockchain technologies and the mobile Internet are interesting: "The board of directors believes that blockchain has the potential to transform the financial and technology industries in the same way that the mobile Internet has caused transformations in many offline industries. The Board of Directors believes that the blockchain industry is still in the early stages of development similar to the mobile Internet industry in 2005. Cryptocurrencies have significant growth opportunities and can diversify assets placed in traditional currencies."
It is noteworthy that in addition to the investment attractiveness of digital assets, the company is considering the possibility of implementing blockchain in its foreign enterprises, including for launching decentralized applications based on Ethereum, we are talking about the potential use of products created on the basis of smart contracts. The spread of such integration between company services and decentralized applications can take the value of cryptocurrencies to a new level.
Of the top 10 cryptocurrencies by capitalization, excluding Tether, over the past 24 hours, half of the coins showed a greater increase against the dollar than the main cryptocurrency, which reflects the current market conditions.
The total capitalization of digital assets increased by 4 % over the day, the dominance of bitcoin remained at the same level in the region of 61 %. The influx of money is directed to altcoins, the share of the second largest cryptocurrency by capitalization accounts for 21 % of the total trading volume. We are following the dynamics of the digital gold dominance in anticipation of a new cycle of altos.