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 asset bounced off the accumulation block at $32,700, bitcoin managed to break through the upper limit of the descending channel indicated on the chart, however, trading volumes are at a lower than average level, which indicates the uncertainty of buyers. The growth momentum was stopped by the exponential moving average of 21 EMA 4 H, which acted as a dynamic resistance level, under which bitcoin is currently consolidating. There is a tightening of the asset to the resistance level around $34,500 with a series of rising lows. To develop an upward movement, the price needs to close above the exponential moving averages of 21 and 50 EMA 4 H, which will open the way to an assault on the resistance level — $34,500. It is possible to retest the upper border of the trading channel again before resuming the local uptrend
ETH. Ether is gathering strength to break through the resistance level around $2150, the nearest support level is $2075. The value of the asset in a pair to BTC has increased by 3.5% over the past day.
The largest cryptocurrency exchange Binance has come under the sights of the regulatory authorities of three countries at once.
The Securities and Exchange Commission of Thailand accuses the platform of providing services for trading digital assets without a corresponding license.
Specialists of the Cayman Islands Monetary Authority (CIMA) stated that the exchange does not have a license to provide services in the jurisdiction of the country. At the moment, the regulator's team is conducting an investigation of Binance's business in the territory under its control.
Representatives of the Monetary Authority of Singapore (MAS) also paid attention to the trading platform. Employees of the organization stated that they are closely monitoring changes in the legislation related to Binance Holdings Ltd.
Binance is the leader among digital trading platforms in terms of trading volume with an average daily value of more than $50 billion. The exchange has more than 17 million users. It is noteworthy that the interest in which legal profession Binance works was awakened by the regulatory authorities of three countries at once almost at the same time. In general, all this looks like another attempt to put pressure on the market with the help of another FUD. It should be understood that the company has a developed infrastructure with a total capitalization of $44 billion. With a high degree of probability, representatives of the exchange will find a common language with regulators and the case will be limited to a fine for Binance. However, for security reasons, it is not necessary to store all the trading funds allocated for trading on one crypto exchange.
Аль Altos: The listing of the Linkeye project (LET) on the BKEX exchange caused LET to grow by 45% at the moment (against the dollar).
The integration of the Celo platform (CELO) with TrueFeedBack led to a 25% increase in the price of CELO (to the dollar).
The announcement of the upcoming burning of King Money (KIM) coins increased the value of KIM by 15% at the peak (against the dollar).
The US stock market ended trading higher on Friday, due to the strengthening of the technology, consumer services and healthcare sectors. At the close on the New York Stock Exchange, the Dow Jones increased by 0.44%, reaching a historic high, the S&P 500 index rose by 0.75%, the NASDAQ Composite index rose by 0.81%.
The total capitalization of digital assets over the past day has added 2.4%, the dominance of the main cryptocurrency has decreased by 0.8%. Altcoins gradually began to revive, outpacing bitcoin in the pace of recovery, provided that digital gold is consolidated, this trend will develop.
Posted Using LeoFinance Beta