Latest Market News
As we move further into Q2, this week’s choices are set to benefit from significant launches and project developments that should strengthen their market positions and also result in increased amounts of attention to their respective currencies over the coming weeks.
The BTCUSD pair is trading in the bullish trend zone above the 12-day EMA and the 26-day EMA. On April 8, the bulls tested the $5,350 resistance level and were resisted. The second attempt by the bulls to break the resistance level resulted in the Bitcoin price falling to the $5,000 support level or to the support of the 12-day EMA.
Following the sharp decline on April 5, the daily RSI is now revealed horizontally below the 70 line, indicating an indecisive market. In the oversold territory, the daily Stochastic RSI is about to cross over the 20 line, signaling a long move.
So far in 2019, venture capital investments that included funds from corporates have accounted for $850 million in funding for cryptocurrency and blockchain startups, according to PitchBook data cited by Reuters.
This week, the cryptocurrency community has been buzzing about Bitcoin SV, a cryptocurrency that came into existence through a contentious hard fork of Bitcoin Cash on November 15, 2018.
Binance has launched the mainnet of its Binance Chain blockchain network. However, the network is not going to be accessible to the public until April 23 at 0:00 a.m. UTC, when the ERC-20 to mainnet BNB token swap will start taking place.
eToroX, the blockchain subsidiary of social investing platform eToro, has launched its cryptocurrency exchange. In addition to standard cryptocurrencies, the platform also offers offers 8 unique fiat-pegged stablecoins. The new platform is being managed by eToroX and is regulated by the Gibraltar Financial Services Commission.
Binance has completed the seventh coin burn for BNB. Close to 830,000 BNB tokens (approximately $16.5 million at current prices) have been permanently removed from circulation in accordance with the exchange’s policy.
For the past five days, Cardano has been moving in a sideways trend, ranging between the $0.086 and $0.08 price levels. As reflected on the major 50 MA (yellow band), the band plays along with the straight move.
Bitcoin Cash has enjoyed another surge recently, outperforming the rest of the crypto top 10.
