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 market reacted to the heartfelt tweet just in case by Elon Musk with the tag bitcoin and a reference to the song "In the end" by Linkin Park, rolling down. Even if this is not the main reason, but the market still pushed the opinion leader. The decline of the main cryptocurrency was 6%, the asset easily closed under the dynamic support levels-21 EMA 6H and 50 EMA 6H, lingering only at the lower border of the ascending channel. Meanwhile, on the six-hour timeframe, a reversal price model "Adam and Eve" was formed, to close the figure, bitcoin needs a successful assault on the resistance block at $38,300 with subsequent consolidation above it. In this case, there is a chance to work out the goal of the formation in the region of $45,000. When the price closes below the lower limit of the trading channel, the instrument will go to the $36,000 mark.
ETH. The asset is approaching the support level at $2500, the nearest resistance level is around $2750.
Paxful, a peer-to-peer trading platform, has announced the full launch of the Pay tool, which will allow store owners to receive payments in BTC.
In the future, the service plans to add support for USDT and other stablecoins. In addition, there will be a conversion of bitcoins to the local fiat currency.
The platform has more than 6 million users. The service will provide greater financial freedom to both sellers and buyers, increasing the adoption of cryptocurrencies. The process of integrating digital assets with existing payment systems is at an initial stage, it is complicated by the uncertain status of cryptocurrencies in a number of states. A well-developed regulatory framework will speed up this process.
The Biden administration has invited other countries to share data on cryptocurrency investors . Now, US cryptocurrency exchanges will have to provide information about foreign investors to the US Internal Revenue Service (IRS).
In general, the American government is serious about tax evaders. The possibility of using a number of tools in the cryptocurrency sphere to make a profit and more covertly move significant amounts of money does not give the Biden administration peace of mind. On the other hand, strict regulation is an indirect confirmation of the legitimacy of digital assets, and at least we are not talking about prohibitive measures.
маль Malta: The listing of the Mina Protocol (MINA) project on the DigiFinex Global exchange led to a 40% increase in the price of MINA at the peak (against the dollar).
In anticipation of the KSX airdrop to Chains (PCX) holders, the value of PCX increased by 35% (against the dollar).
The strategic partnership with Cardano (ADA), announced by representatives of the Nervos Network (KB), was the reason for the growth of KB by 30% (against the dollar
▫ The US stock market ended lower on Thursday, as the consumer services, technology and consumer goods sectors led the market lower. At the close on the New York Stock Exchange, the Dow Jones fell by 0.07%, the S&P 500 index fell by 0.36%, the NASDAQ Composite index fell by 1.03%.
the total value of digital assets has decreased by 6% over the past 24 hours, and the dominance of the main cryptocurrency has increased by 1.3%. Before opening trading positions, you should wait for signs of a reversal of the local trend in bitcoin.
Posted Using LeoFinance Beta