BTC. Continuing to set a series of price highs, bitcoin reached a new record value of $ 58,352 on the Binance exchange, after which it went on a correction. There is a bearish divergence between the price and the RSI indicator, which in the past led to a decrease in the value of the asset by about 20 %, let's see if history repeats this time. At the moment, the price is closing under the exponential moving average of 13 EMA 4 H, but it is still trading above the accumulation block at $ 55,887, the asset at the decision point. When closing below the named block, a correction to the support level of $ 52,400 is likely (which happened), where the lower edge of the ascending trading channel passes. In the opposite case-the assault of new price heights.
ETH. The ether is trading under the support block at $ 1920, if an unsuccessful attempt to take it, the instrument will go to the test of the accumulation block at $1780. Over the past day, the asset has lost 8 % of its value in the pair to BTC To develop an upward movement, you need to close above $ 1920.
The first bitcoin-based exchange-traded fund (ETF) managed by the Canadian company Purpose Investments raised $ 421 million in the first two days after its launch. When extrapolating the achieved result to the US stock market, this indicator will be equivalent to $ 8 billion. If the Purpose Bitcoin ETF keeps up the pace, it will become the largest exchange-traded fund in Canada in 20 days. Another Canadian company, Evolve Funds Group, received approval to launch a similar product.
The trading volume shows the high demand for the tool and emphasizes the willingness of people to invest in cryptocurrencies. There is an unrealized interest in investing in digital assets, and what is important, effective demand, which means that the supply will expand and in the near foreseeable future, there is a high probability of the appearance of such financial instruments on the stock market based on other cryptocurrencies or their derivatives — indices, for example.
In the altcoin market, projects from the DeFi sphere continue to be in special demand, interest in NFT art is growing, it is more difficult to get into the IDO of hyped projects than to win the lottery.
