Bitcoin fixed above $54K during the last 24hrs, reaching a local high above $55500. As of the time of writing this review, #Bitcoin is worth $55900. Total Crypto Market capitalization is at $1.728 billion with BTC dominance index at 59.4%.

Stock markets rallied yesterday, the Dow Jones rose 1.39% to a historic high, the S&P 500 climbed 1.66%, and the NASDAQ rose 1.24%. The dollar index is down 0.12% to 92.718

On the crypto market, the priority option has worked, Bitcoin has consolidated above 54K and is now trying to do the same at 55K, the market capitalization of Bitcoin has returned above one trillion. Altcoins are doing great, dominance index is at 59.4%, Ethereum hit $1,720 on Binance exchange, with Bitcoin stable over the weekend, altcoins may continue to rise.

The priority option for the weekend is Bitcoin in the range of 54000-57000, the growth of altcoins and market capitalization. An alternative option is to spill Bitcoin below 54K and return to the 51000-54000 range for refueling.

Interesting news Iridium outperformed Bitcoin in 2021. One of the rarest metals, iridium, has risen in price by 131% since the beginning of the year, while Bitcoin has risen by only 85%. Source (bloomberg.com). Glassnode data shows that #Coinbase has withdrawn $ 8 billion worth of Bitcoin in 3 months. This suggests that investors are keeping their purchases in cold wallets for the long term, rather than selling it even at 60K.

Bloomberg's senior commodity strategist Mike McGlone believes Bitcoin could hit 400K in 2021 as a reserve asset. Via a tweet shared above: He said, #Bitcoin in Transition to Risk-Off Reserve Asset: BI Commodity -- Well on its way to becoming a global digital reserve asset, a maturation leap in 2021 may be transitioning Bitcoin toward a risk-off asset, in our view.

Bitcoin addresses containing 1 BTC are growing steadily. According to Glassnode statistics, the number of such addresses has accumulated 5.20% of the total BTC supply.

As we head out to the weekend, here is a small #BTCUSDT TA short-term movement update. Bears seem to continue this bearish movement in the short-term which we mentioned from $61K to $50500(SMA 50), The previous touches for this moving average were followed by a good pump and right now #btc shows tiny rebound from it so what going on now?!
The Current movement shows, $55K as current resistance for bulls and once bulls push up #btc above it with a daily close, this will turn the market to the green side again, but if they fail to do that, and bears kept attacking and pull price below 50K and closed below SMA 50 daily, this will support to Red camp on pulling the price down.


Current action is to wait for monthly close, even if bulls closed above $55K. Levels to watch for action (1) $47500/45500. (2) $43000/41000 ⚠️ These limits will be invalid if BTC reclaimed 61K and closed above it Daily/weekly.

Wishing you a blessed weekend and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge.

#Bitcoin spent the weekend in the 54K and 56K ranges. There were several attempts to go above 56700, but did not lead to success, and at the time of writing this review, #Bitcoin is trading around 55400. Total Crypto Market capitalization is at $1.757 billion and #BTC dominance index of 59.0%

Stock markets opened in different directions. Oil 63.4, S&P 500 futures are falling, gold is 1731, the dollar index is rising to 92.8. Asian indices are now growing. On Friday, March 26, Goldman Sachs sold $ 10.5 billion worth of shares. Most of these assets are related to China, possibly a new escalation in the trade war between the ASP and China.

Bitcoin worked out the Saturday analysis (https://t.me/decryptedge/400), remaining in the range of 54-56K, attempts to go above 56700 did not succeed, neither did it fall below 54K where the main support level is now formed.

The priority option for today (in the absence of negative) is Bitcoin in the range of 54K-56K with a possible test of 57K, if we go below 54K, then we go to refuel to 51-50K

Interesting news Charles Hoskinson, CEO of IOHK company behind #Cardano, vehemently rejected the possibility of a US government banning the first cryptocurrency #Bitcoin and Cardano(ADA). During his most recent ask-me-anything session live-streamed from sunny Colorado, IOHK CEO Charles Hoskinson touched upon various topics, including the U.S. potentially banning Bitcoin and, subsequently, Cardano. The 33-year-old mathematician decisively rejected such a possibility: “That ship has sailed. Bitcoin is not getting banned.” This weighs out on what legendary hedge fund manager Ray Dalio recently stated that Bitcoin was very likely to be outlawed by the U.S. government: “So I think that it would be very likely that you will have it under a certain set of circumstances outlawed the way gold was outlawed.” Dalio mentioned India as an example of a country that is planning to ban crypto. Source: https://u.today

Good to note, the total income of Bitcoin miners in March at a historical record - $ 1.5 billion. While the number of unique addresses in the #Binance blockchain - Binance Smart Chain exceeded 60 million, and at the beginning of March it was only 7. What is Binance Smart Chain? Binance Smart Chain (BSC) is a blockchain protocol from Binance that runs in parallel with Binance Chain. Unlike Binance Chain, however, Binance Smart Chain powers smart contract functionality and boasts compatibility with Ethereum Virtual Machine (EVM). Binance Smart Chain provides faster and cheaper transactions than most blockchains and allows developers to port from Ethereum to Binance Smart Chain with ease. Moreover, Binance is actively encouraging the development of new DeFi apps on BSC by funding promising projects through a launched $100 million developer fund.

Wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

Latvian Airline Starts Accepting Payments in more Cryptocurrencies: The airline has been taking Bitcoin since 2014. Thoughts on the market as of 30.03. 2021
During the day, Bitcoin tried to gain a foothold above $58000. This did not lead to success, for the last few hours #Bitcoin has been trading in the range of 57400-57200. At the time of writing this review, Bitcoin is worth 57,040. Total Crypto Market capitalization is at $1.814 billion with BTC dominance index at 59.0%

The stock market closed in different directions. The Dow Jones rose 0.30%, reaching an all-time high, the S&P 500 lost 0.09%, and the NASDAQ fell 0.60%. The dollar index rose 0.19% to 92.948.

Bitcoin yesterday moved according to our analysis and even exceeded it, reaching $58400. The news that Visa is starting to accept payments in USDC and even made the first transaction, the solution works on the Ethereum blockchain, brought positive to the market. The growing adoption of cryptocurrency is gaining momentum.

Another interesting moment, while cryptocurrencies showed growth yesterday, the NASDAQ index was deep in red, and this is a positive sign of a further break in the correlation of the crypto market with the stock market.

The priority option for today is Bitcoin in the range of 56500-57700, if we can't hold out, then the next support level is 56K and then 55K.

Interestingly former SEC chairman Jay Clayton joined the regulatory advisory board for hedge fund One River Asset Management - which has invested $ 600 million in bitcoin. Source (prnewswire.com).

Latvian airline, airBaltic has become the latest to take cryptocurrency mainstream as the company started to accept multiple cryptocurrencies, including Dogecoin, as payments for ticket booking. The airline has already been accepting Bitcoin since 2014, making it the first airline company to accept cryptocurrency. This means all the ticket purchases done from 2014 to 2016 have seen gains ranging from +12,248%, to +51,844%. Crazy right…? See chart.

In closing with a detailed outlook, bulls have since succeeded in breakout $55K and turned the market to the positive side, so looking for a bounce from $57k zone to 54K again. It's good to note that the monthly candle has a long wick and if the current month closes as like previous months this will not be good for bulls at all. therefore, to avoid falling into the trap of buying from the top. Not forgetting $49K works as a psychological level for traders at the present time and any closes below it will spread panic in the market and will be a sign of the selling-off starts.

Wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

In the last 24hrs, Bitcoin continued to grow, with a high of $59370 registered at #Binance. It was not possible to gain a foothold above 59K, at the time of this writing #Bitcoin costs $58640. Total Crypto Market capitalization is now at $1.860 trillion, with BTC dominance index of 59.1%

Equity markets closed lower yesterday. The Dow Jones fell 0.31%, the S&P 500 fell 0.32%, and the NASDAQ fell 0.11%. The dollar index rose 0.39% to 93.315.

On the crypto market, everything is positive, with the price of bitcoin reaching $59370 yesterday on #Binance exchange., this happened after PayPal confirmed that it had officially launched cryptocurrency payments. PayPal, Visa, Tesla already have crypto, I think Amazon and Apple will be next, they simply cannot pass by such a market.

For today, the priority option is bitcoin price in the range of $57000-59000, with a possible renewal of the highs.

Interesting news, Tether has published a report with information on the USDT collateral. Tether's assets at the time of preparation of the report were estimated at $ 35.3 billion. CME Group announced the launch of a new Bitcoin-based product on May 3 - Micro Bitcoin futures contract with a nominal value of 0.1 BTC. 1 contract is equal to 5 BTC. Source cmegroup.com
Morgan Stanley has called cryptocurrency a new class of investment assets that can be used to diversify an investment portfolio. Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. With a total of US$715 billion (2020) assets under management.

Opening the report by noting that for speculative investment opportunities to rise to the level of an investable asset class that can play a role in diversified investment portfolios requires transformational progress on both the supply and demand sides. With cryptocurrency, we think that threshold is being reached. A firming regulatory framework, deepening liquidity, availability of products and growing investor interest—especially among institutional investors—have coalesced. What I like most is the ending of this report: Time to Get educated. The embrace of cryptocurrency as an asset class should not be misconstrued as a recommendation for any one coin. Like other new emergent technologies before it, first movers may not turn out to be the best or most long-lasting movers. Certainly, Bitcoin is currently dominant in cryptocurrencies, capturing roughly two-thirds of current asset class market capitalization, but the ways in which crypto can be used continue to evolve at record speed.

Lest you forget, this is the company that owns 10.9% of Mirostrategy(https://t.me/decryptedge/193). I rest my case. If interested in this report reach out to @Decryptedge.

With that let me wish you a blessed day ahead. Remember to always do your own research. This ought not to be taken as traditional investment advice. #decryptedge

#Bitcoin for several times came close to 60K level, the highest attained was $59810 on #Binance. This was then followed by a drain to below 57K, which was quickly redeemed and #Bitcoin moved to growth, returning above 59K again. At the time of writing this review, t#Bitcoin is trading at around $59,180. Total Crypto Market capitalization is at $1.892 Trillion, with BTC dominance index at 58.6%

The stock market closed in different directions. The Dow Jones fell 0.26%, the S&P 500 rose 0.36%, and the NASDAQ rose 1.54%. Gold and silver are up slightly, with the dollar index dropping to 93.257.

Our priority option worked out on the cryptomarket. Bitcoin approached 60K level several times, but the resistance turned out to be strong, and after a smooth rollback to 59400, the price dropped below 57K for several minutes. The reason for this was liquidation of traders positions worth $598 million. For now this is better, most margin traders work with stop loss limits, and there is reason for a breakthrough of 60K.

Priority options for today, is #Bitcoin price movement in the range of $58000-59500, with a possible renewal of the highs. If we go below 58K, then the price may return to 56800.

Interestingly some news in regards to Bakkt who are launching a digital asset payment app for the general public. The app allows users to manage Bitcoin as well as other digital assets like store reward points and cash balances. Users can also purchase discounted gift cards from more than 75 brands including Starbucks, Best Buy, Choice Hotels, Fiserv and GolfNow. Bakkt says that it aims to help users “unlock the value of $1.2 trillion in digital assets” that are currently in circulation, this is in the form airline miles, gift cards and loyalty points. In order to encourage users to download the app, Bakkt is also giving away $1 million as a promotional offer. The news comes just days after news that PayPal is allowing users to spend Bitcoin through its app. Visa and Mastercard have also reported plans to offer crypto spending features. Source (CryptoBriefing)

Cryptobank founder Mike Novogratz believes that Bitcoin's capitalization will inevitably reach that of gold. Source(cnbc.com). Major investment bank Goldman Sachs will offer Bitcoin-based investment instruments in the second quarter of 2021. We shared yesterday on a report by Morgan Stanley titles : The Case for Cryptocurrency As an Investable Asset Class in a Diversified Portfolio,(https://t.me/decryptedge/409) On a sad note, an iPhone user accuses Apple of stealing $ 600K of Bitcoins using a fake Trezor app he downloaded from the App Store.

Wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

#Bitcoin has been in the range of 58500-59300 during the last 24hrs, corrections below this range were quickly redeemed. There were several attempts to gain a foothold above 60K, but has not led to any success yet. At the time of writing, Bitcoin is trading at $59,750. Total #CryptoMarket capitalization is at $1. 927 Trillion with BTC dominance index of 58.1%

Stock markets rallied yesterday. The Dow Jones rose 0.52%, the S&P 500 rose 1.18% and surpassed 4000 points for the first time, the NASDAQ rose 1.76%. The volatility index fell 10.67% to 17.33, the dollar dropped 0.31% to 92.948. Gold and oil rose.

The market is growing after Biden announced his $ 2 trillion plan to modernize American infrastructure. It is planned to churn out 2 trillion in 8 years, and it will be covered within 15 years, by increasing the corporate tax from 21% to 28%, as well as increasing the tax on foreign profits of companies.

Yesterday's analysis worked out on the crypto market. Bitcoin remained in the indicated range, there were several attempts to gain a foothold above 60K, but so far they have not yielded results. Altcoins are showing steady growth, capitalization is above 1.9 trillion. with a falling dominance index, Ethereum went above 2000 on Binance exchange.

For the transition to new highs, it is necessary to consolidate above the main resistance level of 60K, which may be possible today. Major support levels are 58500 - 58350.
Interestingly, #Coinbase is expecting a direct listing on April 14 and will be listed on the Nasdaq under the ticker COIN. The exchange has more than 43 million users and operates in over 100 countries. Source.

One of the largest American banks, Morgan Stanley, allowed the addition of bitcoin futures to its own funds, the application has already been sent to the SEC. We have been seeing a buzz of activities this week from this heavy weight old school bankers who would have never touched bitcoin a few years ago. BlackRock, with $ 8.7 trillion in assets, has invested in bitcoin futures too.
Elon Musk tweeted a joke post in which he announced that the SpaceX team was going to launch DOGE to the moon and the coin soared by more than 35%. Such erratic movement is going to be dangerous in the event he tweets something like he has sold all his bitcoin...or doge.. We shall witness a bloodbath in these markets.

Hong Kong and China are already testing cross-border digital yuan. Wang Xin, director of the People’s Bank of China research bureau, said that the Hong Kong Monetary Authority and the PBoC have conducted technical tests on the cross-border use of China’s central bank digital currency. The official announced the news at a Thursday press conference hosted by the State Council Information Office of China, local news agency Sina Finance reports. We first spoke about the tests here: (https://t.me/decryptedge/246)

On that note and on behalf of #Decryptedge I extended my warm wishes on the holy occasion of #GoodFriday to members of the Christian community. Good Friday denotes the sacrifices of Jesus Christ for humanity. Remember you must always do your own research. This is not traditional investment or financial advice.

#Bitcoin moved in the range of #59700-58500 during the day. It has not yet managed to consolidate above 60K, yesterday night #Bitcoin rolled back to a minimum of $58450, after which it switched to growth and at the time of writing the review it is trading at about $59300. Total Crypto Market capitalization is at $1.957 Tillion, with BTC dominance index at 56.9%

Good Friday was celebrated mostly in Africa, USA and Europe. Being the long Easter holiday markets are closed.

The situation on the crypto market is positive. Cryptocurrencies continue to receive stimulus money received from the new aid package, #Biden promises another $ 2.3 trillion, the S & P500 is above 4 thousand points, there is no negative news background.

#Bitcoin after the spill to 58450 on Binance exchange returned above 59K, if we hold this level over the weekend, we will try again and test 60K. Ethereum yesterday jumped to a new all-time high and reached 2146 on #Binance again. The price is up more than 24% this week following Visa's decision to conduct cryptographic calculations on the Ethereum blockchain network.

Interestingly #XRP (Ripple) is now worth more today than it was before the SEC lawsuit. The price is up 170% since the start of the year. Investors may think the SEC's case against Ripple won't amount to much. After rising over 5% in the last day, the price of an XRP token is now $0.60, and the market cap is $27.9 billion, according to data from Nomics. That's higher than where the price was before the SEC filed a $1.3 billion lawsuit against Ripple Labs. On December 18, 2020, four days before the suit, XRP was worth $0.58 with a market cap under $27 billion. It’s been a remarkable turnaround for the token, which dipped as low as $0.17 after the SEC brought the lawsuit. The SEC says that Ripple Labs, co-founder and executive chairman Chris Larsen, and co-founder/CEO Brad Garlinghouse, are responsible for $1.3 billion in unregistered securities offerings—XRP being the unregistered security in question. Source(Decrypt.co)


The main scenario for today is still ascending. For the transition to new highs, it is necessary to consolidate above the main resistance level of 60K. An alternative option is to go below 58 for refueling.

#JPMorgan has since revised its Bitcoin price forecast to $ 130K, which is not bad either. Citing a recent decline in bitcoin's volatility could boost its adoption by institutions as a low-correlation asset that helps diversify investment portfolios, according to JPMorgan. If bitcoin continues to see its volatility converge with gold's volatility, it would fetch a long-term price target of $130,000, JPMorgan said in a note on Thursday. "Mechanically, the bitcoin price would have to rise [to] $130,000, to match the total private sector investment in gold," JPMorgan said. Source: markets.businessinsider

Lastly the Bank of Thailand will begin testing the central bank's digital currency in 2022, while a regulatory framework for regulating bitcoin exchanges was presented in Canada. These are quite interesting developments that are fundamentally positive for Bitcoin and Cryptocurrency in general.

Wishing you a blessed Easter weekend and remember this is not traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge