BTC. The asset corrected from its peak on February 21 by 22.5 %, after which the price bounced off the lower edge of the ascending trading channel indicated on the chart. On the four-hour timeframe, bitcoin managed to break through the upper edge of the trading channel and close above the exponential moving average of 100 EMA 4 H. The price movement inside the channel was very volatile — 4 candles almost as high as the trading channel, price fluctuations of about 6-7%, there were fights for changing the local trend. The asset is currently trading above the $ 48,500 support block and the upper edge of the trading channel. In the near future, a retest of the named accumulation block and the exponential moving average of 100 EMA 4 H is likely, and the strength of the rebound can be used to judge further price movement.
ETH. At the moment, the price decreased by 33 % from the established record value (if you do not take into account the Kraken exchange). At the moment, the ether is trading above the support level of $ 1,450, the instrument has grown in pair to BTC over the past day by 2 %. The nearest resistance level is $ 1720.
A compromise was reached in the case of Bitfinex and Tether in New York on the issue of the company's financial transactions related to the loss of $850 million. Under the terms of the agreement with the State Attorney General's Office, the companies must pay an $ 18.5 million fine. In addition, Bitfinex and Tether are prohibited from continuing to operate in New York. The companies did not admit the fact of the offense.
In the absence of more serious sanctions or charges, the Bifinex LEO exchange token has shown an increase of 40 % (against the dollar) over the past 5 days. Events are developing in a positive way for the industry. In the crypto community, a special term has been formed to refer to market manipulation caused by periodically repeated information about the" unsecured "dollar of the first stablecoin —" Tether FUD "(FUD = fear, uncertainty and doubt — "fear, uncertainty and doubt"). This tactic was used especially frequently in 2018-2019. One less FUD.
Major U.S. stock indexes were affected by a drop in technology stocks, as concerns about a possible end to the Federal Reserve's "easy money" policy triggered profit-taking on some of the country's most expensive stocks. On the other hand, the sectors of oil and gas, utilities and telecommunications showed positive dynamics. At the close on the New York Stock Exchange, the Dow Jones rose by 0.33 %, reaching a historic high, the S&P 500 index rose by 0.36 %, the NASDAQ Composite index fell by 0.29 %.
